Every citizen should be thankful that there is a deficit. I for
one am glad the President ordered the treasury vault to open. The
representatives of the people had been saying the money should be
use for rainy days.
Well, it's pouring now.
The issue now is NOT kpkb on them, accusing
them of 'mismanagement' or what nonsense potshots some guys
frustrated would like to throw. It's a global recession now, not a
fault of our own making.
The issue is HOW THE MONEY SHOULD BE SPENT. These are
not the govt's money. They are your forefathers and your money. We
all pay taxes in one form or another.
In this crisis, whereby people are hoarding than spending, it's
only right that we demand our money be used in cases where it can
stimulate our moribund economy and help prop up companies that
create jobs, and NOT to feed CEOs of the likes of Durai, where the
staff and clients are starved but he continues to enjoy an
extravagant lifestyle.
For companies seeking help, Whether the company is govt owned or
linked, if it fails to put our citizens first, then it should NOT
be relying on OUR money to help.
They should sack its management team first for failing to have a
contingency plan to counter the subprime crisis one year ago, and
not retrench singaporeans. These companies should be allowed to
fail, and its talents be absorbed by another company.
Our money must NOT be used 'across the board' for everyone, but
only as targeted asistance - that which will bring us the best
value so that our money can grow and be saved again for another
rainy day and for our future generations.
My 2cts worth.
Take yr 2 cts and put inside my piggy bank. Saving is the best
policy.