- Joined
- Oct 30, 2014
- Messages
- 36,768
- Points
- 113
Reform Party have consistently called for a stimulus since the economic slowdown became apparent in April 2014 (see here, here and here)
Instead of relying solely on a combination of monetary easing and wishful thinking about a recovery in global demand for Singapore’s exports, Reform Party would immediately increase current spending by $6-8 billion. About $6 billion of this would be permanent.
We have advocated (see here) among other measures:
1) A basic old age pension of $500 per month paid to everyone over 65.
2) Child Benefit for all children under 16. We would probably gradually withdraw it above the bottom 60% of household incomes.
3) Medishield Life Premiums for children under 16 and adults over 65 to be covered by the Government. We would probably extend this to NS men and those in full time education.
4) Abolition of fees for all education including pre-school from the age of 5 up to A Levels.
5) Eventual listing of Temasek and GIC and distribution of shares to Singaporeans.
The choice is clear: a PAP Government who has no clue about how to combat the slump in global demand and is just waiting and hoping that something will turn up or the Reform Party which wants to raise domestic demand and offset the global slump by investing in our people. Singaporeans will have only themselves to blame if they fail to use the coming election to force accountability from this Government
Kenneth Jeyaretnam
Secretary General
Reform Party
Full article at http://www.tremeritus.com/2015/07/1...nt-stimulus-measures-or-risk-deepening-slump/
Instead of relying solely on a combination of monetary easing and wishful thinking about a recovery in global demand for Singapore’s exports, Reform Party would immediately increase current spending by $6-8 billion. About $6 billion of this would be permanent.
We have advocated (see here) among other measures:
1) A basic old age pension of $500 per month paid to everyone over 65.
2) Child Benefit for all children under 16. We would probably gradually withdraw it above the bottom 60% of household incomes.
3) Medishield Life Premiums for children under 16 and adults over 65 to be covered by the Government. We would probably extend this to NS men and those in full time education.
4) Abolition of fees for all education including pre-school from the age of 5 up to A Levels.
5) Eventual listing of Temasek and GIC and distribution of shares to Singaporeans.
The choice is clear: a PAP Government who has no clue about how to combat the slump in global demand and is just waiting and hoping that something will turn up or the Reform Party which wants to raise domestic demand and offset the global slump by investing in our people. Singaporeans will have only themselves to blame if they fail to use the coming election to force accountability from this Government
Kenneth Jeyaretnam
Secretary General
Reform Party
Full article at http://www.tremeritus.com/2015/07/1...nt-stimulus-measures-or-risk-deepening-slump/
