Grasslooters and MSM are used to soften ground for more hikes, via floating balloons

[Confuseous]

Grassroots leaders are sounding the ground for another hike, citing "spiralling maintenance costs". Apparently town councils currently have reserves of about three years. Based on East Coast operating expenses of $20.5 million in 2011, they are sitting on as much as $60 million. What do they need such a big buffer for, investing in toxic instruments they way Holland-Bukit Panjang and Pasir Ris-Punggol Town Councils blew $12 million of their sinking funds? Money is supposed to be saved for a rainy day. Given the dark clouds predicted by MAS, shouldn't the sums be utilised to weather the storm instead of adding to the inflationary pressures?

- http://singaporedesk.blogspot.sg/2012/07/land-of-hikes-and-more-hikes.html

 

[sawadeecup]

Re: Grasslooters and MSM are used to soften ground for more hikes, via floating ballo

Why so little?

Increase more lah!