Originally posted by ditzy:
Remember Ong Teng Cheong? I find that he was the one who fought to
give the president more power. Just my opinion.
Did the late President Ong Teng Cheong "fought to give the
president more power" ?
Not exactly in this manner.
The actions that he took, had actually put to the TEST the concept
that was developed by LKY for an Elected President to provide a
check towards an Elected Government, who may turn out to be a
renegade, and wildly spend the Reserves accumulated by the PREVIOUS
government or governments.
Since as an Elected President, part of his duty is to guard the
National Reserves - in a 2 key system to open the "National Bank
Account" - and in order for him to protect that National Reserves,
it is only logical that he will NEED TO KNOW the REAL EXTENT or
SIZE of the National Reserve.
As events had been reported, the Government stalled, and raised all
kinds of objections that the late President Ong Teng Cheong had
dared to ask for a FULL ACCOUNTING of the National Reserve - which
would have included all the assets in Cash, Gold, and Investments
(Domestic and Overseas) as managed by the Treasury, Monetary
Authority of Singapore, Government Investment Corporation, Temasek
Holdings, and the Singapore Government and all the affiliated
subordinate agencies, statutory boards or authorities.
The late President Ong Teng Cheong left office, with the task
unfinished, and exposed the supposed "weakness" that is NOT IN
FAVOR of the Government, if the relationship between the Elected
Presidency and the Elected Government is to continue with the
Elected Presidency being able to have some Executive Powers over
the Elected Government.
Changes were made to the original LEGISLATION that had given the
Elected President some limited executive powers over the Elected
Government, which was limited to the manner that the Government is
to spend the National Reserves that have been accumulated by
Previous Government or Governments.