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Coffeeshop Chit Chat - Govt is spending too generously on poor!</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"></TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>kojakbt_89 <NOBR></NOBR></TD><TD class=msgDate width="30%" noWrap align=right>Feb-26 11:08 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right>(1 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"></TD><TD class=wintiny noWrap align=right>29281.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>YPAP member Genesis Shen “concerned” that govt is spending generously on middle and lower income families
February 27, 2010 by admin
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http://www.temasekreview.com/2010/02/27/ypap-member-genesis-shen-concerned-that-govt-is-spending-generously-on-middle-and-lower-income-families/
Written by Our Correspondent
YPAP member Genesis Shen has expressed his concerns about the government spending “generously” on the middle and lower income families as announced in the recent Budget speech made by Finance Minister Tharman.
In a comment posted on the YPAP Facebook, Genesis, currently a law undergraduate at NUS wrote that it may affect the PAP’s long term policy of fiscal prudence:
Genesis claimed that the Singapore Budget has been “reliant” on the “Net Investment Income Contribution” from Temasek Holdings and GIC which have continuously generated income for “programmes” which benefit Singaporean families.
He did not quote any examples of such programmes which are funded directly from Singapore’s two sovereign wealth funds.
Genesis also seemed to be ignorant of the fact that Temasek Holdings and GIC have lost billions of dollars in failed overseas investments which could have been better used to help needy Singaporeans.
As expected, his one-dimensional, unimaginative and sycophantic comment to please his political masters have attracted similar expressions of “support” from other PAP members and supporters.
Ibrahim Hassan added the Budget signifies that the PAP is listening to the people:
“It is indeed heartening to note that the Government has finally decided to tighten the tap on immigration by increasing the foreign worker levy. This will level the playing field for our low-wage workers, and give them added incentive to compete with the foreign workers, who will eventually cost more for companies to hire.…..Although more can be done to tighten immigration flow, particularly at the middle-income brackets, this latest measure signifies a bold move in the right direction. The Government is listening to the ground.”
Chioh Hui Leong praised the PAP for a “great job” done:
“Do not worry, I am sure with a higher educated population, Singaporeans are better equipped with knowledge for them to be more independent. Remember how we are when we are kids compared with these kids nowadays? They know so much things than us when we were young. We are already facing a global recession for the past year, if the govt still thinks that now is not the time, I wonder when exactly will the Time come?? Great job!”
When asked by the media about their views on the Budget, all the PAP MPs interviewed were equally “impressed” by the Budget and sang in unison in support of it.
In the eyes of these PAP members and supporters, it does appear that the PAP can do no wrong.
If this is indeed the case, then why did the PAP now reverse its policies to “slow” the intake of foreigners after telling Singaporeans repeatedly over the last few years that we cannot do without them?
How does it explain the billion dollar losses suffered by Temasek Holdings and GIC?
Actually, Singaporeans cannot really expect the PAP MPs or the YPAP for that matter to speak otherwise. After all, they are paid $13,000 a month just to keep their mouth shut.
As for Genesis and co, the safest way to move up the PAP hierarchy is to parrot whatever its leaders say.
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February 27, 2010 by admin
Filed under Headlines
Leave a comment
http://www.temasekreview.com/2010/02/27/ypap-member-genesis-shen-concerned-that-govt-is-spending-generously-on-middle-and-lower-income-families/
Written by Our Correspondent
YPAP member Genesis Shen has expressed his concerns about the government spending “generously” on the middle and lower income families as announced in the recent Budget speech made by Finance Minister Tharman.
In a comment posted on the YPAP Facebook, Genesis, currently a law undergraduate at NUS wrote that it may affect the PAP’s long term policy of fiscal prudence:
Genesis claimed that the Singapore Budget has been “reliant” on the “Net Investment Income Contribution” from Temasek Holdings and GIC which have continuously generated income for “programmes” which benefit Singaporean families.
He did not quote any examples of such programmes which are funded directly from Singapore’s two sovereign wealth funds.
Genesis also seemed to be ignorant of the fact that Temasek Holdings and GIC have lost billions of dollars in failed overseas investments which could have been better used to help needy Singaporeans.
As expected, his one-dimensional, unimaginative and sycophantic comment to please his political masters have attracted similar expressions of “support” from other PAP members and supporters.
Ibrahim Hassan added the Budget signifies that the PAP is listening to the people:
“It is indeed heartening to note that the Government has finally decided to tighten the tap on immigration by increasing the foreign worker levy. This will level the playing field for our low-wage workers, and give them added incentive to compete with the foreign workers, who will eventually cost more for companies to hire.…..Although more can be done to tighten immigration flow, particularly at the middle-income brackets, this latest measure signifies a bold move in the right direction. The Government is listening to the ground.”
Chioh Hui Leong praised the PAP for a “great job” done:
“Do not worry, I am sure with a higher educated population, Singaporeans are better equipped with knowledge for them to be more independent. Remember how we are when we are kids compared with these kids nowadays? They know so much things than us when we were young. We are already facing a global recession for the past year, if the govt still thinks that now is not the time, I wonder when exactly will the Time come?? Great job!”
When asked by the media about their views on the Budget, all the PAP MPs interviewed were equally “impressed” by the Budget and sang in unison in support of it.
In the eyes of these PAP members and supporters, it does appear that the PAP can do no wrong.
If this is indeed the case, then why did the PAP now reverse its policies to “slow” the intake of foreigners after telling Singaporeans repeatedly over the last few years that we cannot do without them?
How does it explain the billion dollar losses suffered by Temasek Holdings and GIC?
Actually, Singaporeans cannot really expect the PAP MPs or the YPAP for that matter to speak otherwise. After all, they are paid $13,000 a month just to keep their mouth shut.
As for Genesis and co, the safest way to move up the PAP hierarchy is to parrot whatever its leaders say.
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