Josephine Teo avoids answering my question on Facebook

[makapaaa]

[h=2]Josephine Teo avoids answering my question on Facebook[/h]

October 30th, 2012 |

Author: Contributions

I originally posted this on Josephine Teo’s wall but of
course no reply. I Wonder if we can get any answers to these important
questions! 39 Billion is a lot of money.

Hi Josephine,

I noticed recently your statement in parliament from earlier in the year,
that the government plans to increase the borrowing limit to support an extra
195 Billion dollars of debt issuance over the next few years. 20% of this
borrowing, that is 39 Billion dollars, is allocated “to increase the efficiency
and liquidity of Singapore’s debt market”:

• http://app.mof.gov.sg/TemNewsroomDe...410888545362222&AspxAutoDetectCookieSupport=1

• http://www.channelnewsasia.com/stories/singaporelocalnews/view/1194057/1/.html

Just stop and reflect on that statement for one moment. 39 Billion dollars
“to increase the efficiency and liquidity of Singapore’s debt market”.

I would like to respectfully ask can this possibly be justified? 39 Billion
dollars is such a huge amount, ten times what we spent on healthcare last year.
To borrow this much for such an intangible reason is very hard to accept.

How much will this 39 Billion dollars of debt cost us in the long run,
including interest payments and issuance fees?

Do we really need to borrow this much because our debt market is not
currently efficient or liquid enough?

How efficient or liquid should it be?

How will greater liquidity in our debt market enhance the lives of ordinary
Singaporeans?

How do we plan to measure and quantify this liquidity to ensure that
Singaporean’s get value for money on the 39 Billion dollars borrowed?

Will we be able to pay the debt back earlier than planned in the case that
the liquidity of the market increases faster than expected?
​

.

Andy Wong

 

[makapaaa]

<cite class="fn">BillyMa:</cite>

October
30, 2012 at 11:20 pm BillyMa(Quote)


If more such prompting questions shooting at PAP pm & ministers, it’s a
matter of time they start closing down their face-book accounts.

Looks like the PAP jokers got more than they can chew when they open their
facebook to the public.
They were probably thinking that this is an excellent
channel for their supporters to give them praises & adorations (repeated
over & over).

Maybe PAP though it could nurse their huge ego if a lot of ‘likes’ & nice
comments are listed.

But lo & behold, it has now become a ‘ghost parliament’, where anyone
from anywhere can aim difficult questions at them.
Questions that even PAP
MPs dare not asked their party bossess.

Hahaha…….let see who close down first….
But then being PAP loyal
followers, no one would dare to start the ball-rolling but instead all are
waiting for lhl to take the iniative.

PAP o PAP what have you done!!!!!!