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Coffeeshop Chit Chat - PAPee Ministars "Musturbating" away!!!!</TD><TD id=msgunetc noWrap align=right> </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>Fkapore <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>5:36 am </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>30950.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>
Written by Our Correspondent
Indulging in shameless self-praise is fast becoming a trait characterizing the world’s most expensive ministers.
Coming right after Health Minister Khaw Boon Wan who gave himself a pat on his back for maintaining a “sustainable” healthcare system in Singapore at an Asian conference on healthcare, it is now Deputy Prime Minister Teo Chee Hean’s turn to do so.
Mr Teo was embarrassed publicly when he was caught on TV napping when his fellow colleague Deputy Prime Minister Wong Kan Seng was making a speech in parliament not too long ago:
During a speech made at a civil service event last night, Mr Teo lavished generous praises on the PAP for “planning ahead”.
“Singapore has a reputation for being forward looking. For almost 20 years, scenario planning has been a key part of our efforts to understand and plan for the future,” he proclaimed.
The PAP has always portrayed itself as the “savior” of Singapore without which the entire nation will collapse.
As such, PAP leaders have demanded Singaporeans pay them out of the world salaries without which they will leave for the private sector.
A career civil servant, Mr Teo earns almost $3 million dollars a year, or more than 5 times the annual salary of U.S. President Barack Obama. He is expected to get another hefty 8.8 percent pay rise this year.
Repeating an often used PAP rhetoric that it dares to take “tough” measures to tackle national problems, Mr Teo said:
“Singapore has always taken bold, creative and pragmatic approaches to solve national challenges. When the situation calls for it, we have eschewed conventional wisdom, or the politically correct, and sought out innovative solutions.”
One “innovative” solution thought by the PAP to boost Singapore’s declining birth rate is to flood the island with immigrants from China and India.
Though many Singaporeans are unhappy with the PAP’s liberal immigration and pro-foreigner policies, there is nothing they can do about it as the PAP controls all state institutions and there is no credible opposition to challenge it.
“The public housing programme, the Central Provident Fund system as well as the certificate of entitlement scheme for vehicle ownership are all examples of policy innovations,” Mr Teo continued to boast to his audience rather unashamedly.
Singapore’s public housing programme and Central Provident Fund system have provided the state a ready available source of funds.
More than 85 percent of Singaporeans live in flats built by HDB. A significant proportion of their CPF savings are tied up to mortgage loans used to pay for these flats.
Under a new scheme introduced in 2003, Singaporeans are required to keep a minimum sum in excess of $110,000 in their CPF ordinary accounts before they can withdraw it when they reach 55 years of age.
Singapore is the richest country in Asia after Japan and while its cash-flushed sovereign wealth funds can afford to lose billions of national reserves in failed overseas investments, Singaporeans enjoy few social welfare benefits from the nanny state thanks to its “policy innovations.”
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- Teo Chee Hean: HDB, CPF and COE are examples of policy innovations” of the PAP
Written by Our Correspondent
Indulging in shameless self-praise is fast becoming a trait characterizing the world’s most expensive ministers.
Coming right after Health Minister Khaw Boon Wan who gave himself a pat on his back for maintaining a “sustainable” healthcare system in Singapore at an Asian conference on healthcare, it is now Deputy Prime Minister Teo Chee Hean’s turn to do so.
Mr Teo was embarrassed publicly when he was caught on TV napping when his fellow colleague Deputy Prime Minister Wong Kan Seng was making a speech in parliament not too long ago:
During a speech made at a civil service event last night, Mr Teo lavished generous praises on the PAP for “planning ahead”.
“Singapore has a reputation for being forward looking. For almost 20 years, scenario planning has been a key part of our efforts to understand and plan for the future,” he proclaimed.
The PAP has always portrayed itself as the “savior” of Singapore without which the entire nation will collapse.
As such, PAP leaders have demanded Singaporeans pay them out of the world salaries without which they will leave for the private sector.
A career civil servant, Mr Teo earns almost $3 million dollars a year, or more than 5 times the annual salary of U.S. President Barack Obama. He is expected to get another hefty 8.8 percent pay rise this year.
Repeating an often used PAP rhetoric that it dares to take “tough” measures to tackle national problems, Mr Teo said:
“Singapore has always taken bold, creative and pragmatic approaches to solve national challenges. When the situation calls for it, we have eschewed conventional wisdom, or the politically correct, and sought out innovative solutions.”
One “innovative” solution thought by the PAP to boost Singapore’s declining birth rate is to flood the island with immigrants from China and India.
Though many Singaporeans are unhappy with the PAP’s liberal immigration and pro-foreigner policies, there is nothing they can do about it as the PAP controls all state institutions and there is no credible opposition to challenge it.
“The public housing programme, the Central Provident Fund system as well as the certificate of entitlement scheme for vehicle ownership are all examples of policy innovations,” Mr Teo continued to boast to his audience rather unashamedly.
Singapore’s public housing programme and Central Provident Fund system have provided the state a ready available source of funds.
More than 85 percent of Singaporeans live in flats built by HDB. A significant proportion of their CPF savings are tied up to mortgage loans used to pay for these flats.
Under a new scheme introduced in 2003, Singaporeans are required to keep a minimum sum in excess of $110,000 in their CPF ordinary accounts before they can withdraw it when they reach 55 years of age.
Singapore is the richest country in Asia after Japan and while its cash-flushed sovereign wealth funds can afford to lose billions of national reserves in failed overseas investments, Singaporeans enjoy few social welfare benefits from the nanny state thanks to its “policy innovations.”
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