I do agree with the reserves argument.
It's very east to spend beyond ones means like in many countries. Singapore is already drawing into reserves to find welfare. Our kids will be burdened with taxes for sure
They did not spend on welfare but I cannot understand the way EDB then and now Temasek spending their monies.
Please tell me, where are the returns Philip Yeo had invest all those years he was in EDB.
Our economy now does not seem to be benefitting from his spendthrift dynamism.
I do agree with the reserves argument.
It's very east to spend beyond ones means like in many countries. Singapore is already drawing into reserves to find welfare. Our kids will be burdened with taxes for sure
Singapore is already spending beyond her means, you twat! Public debt is 100.79% of GDP. Conversely, the public debt of welfare states like Germany, France, UK, Canada are all lower than their GDP. For christ's sake, stop embarrassing yourself.
Singapore is already spending beyond her means, you twat! Public debt is 100.79% of GDP. Conversely, the public debt of welfare states like Germany, France, UK, Canada are all lower than their GDP. For christ's sake, stop embarrassing yourself.
when ang mohs talk about public debt, its really debt to the private sector.
when Sgp talk about "public" debt, its all CPF money.
the difference is, the private sector can fuck the EU over,
but singaporeans can't fuck the PAP over because all CPF members will die together if Sgp goes bankrupt.
They did not spend on welfare but I cannot understand the way EDB then and now Temasek spending their monies.
Please tell me, where are the returns Philip Yeo had invest all those years he was in EDB.
Our economy now does not seem to be benefitting from his spendthrift dynamism.