The situation is such that the PAP/govt has dug itself deeper and deeper into a bottomless pit and unable to extricate itself. The high salaries cannot come down without a rebellion from the recipients as they have lived it up, incurred heavy mortgages, and used to a lifestyle difficult to maintain. The high property prices cannot come down without destroying the wealth and savings of the owners. The high cost of living cannot be brought down without hurting the economic growth numbers. The high import of foreign workers cannot be reduced without affecting the industries and economy and to support the high salaries at the top.
- http://mysingaporenews.blogspot.com/2012/05/obsolescence-of-once-mighty-political.html
- http://mysingaporenews.blogspot.com/2012/05/obsolescence-of-once-mighty-political.html
