SPH Trumpets "Job Credit" Idea To Justify Ministers' Million $ Salaries

[sgnewsalte]

In the midst of the worst recession Spore ever faces, the main propaganda machinery of the ruling party, SPH, is already in full swing starting with this trumpeting of the "Job Credit" scheme to justify the exorbitantly high salaries of our millionaire ministers and senior civil servants. Expect more to come.

http://seijieiga.blogspot.com/

30 Jan 2009



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Package for Singapore, by express delivery
The story behind the nation's most extraordinary Budget and the team that crafted it
By JAMIE LEE
<table class="storyLinks" align="right" border="0" cellpadding="1" cellspacing="4" width="136"> <tbody> <tr class="font10"> <td align="right" width="20"></td> <td>Email this article</td></tr> <tr class="font10"> <td align="right" width="20"></td> <td>Print article </td></tr> <tr class="font10"> <td align="right" width="20"></td> <td>Feedback</td></tr></tbody></table> (Singapore)

CLOSE to midnight before the Budget was announced, the team that crafted it, including Finance Minister Tharman Shanmugaratnam, tucked into steaming porridge, home-cooked by a staff member and topped with fresh chicken slices, peanuts, century eggs and fried dough fritters. Then it was back to work.
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</td></tr> <tr class="caption"> <td>HAPPY WITH THEIR WORK
Part of the team that worked on delivering the special $20.5 billion resilience package. The exercise took them two frantic months compared with the usual three </td></tr></tbody></table> For the Budget team at the Ministry of Finance (MoF), this is an annual ritual.
But in drawing up the Budget package to help Singapore brace itself for its worst recession ever, much else was unprecedented.
The exercise normally involves three months (?) of hard work for government officials. It was squeezed into just two frantic months this time around as the Budget was brought forward to January from February this year - a reflection of the urgency behind delivering the $20.5 billion resilience package.
It was in November last year that Prime Minister Lee Hsien Loong announced that the Budget would be brought forward by a month to implement the measures swiftly.
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</td></tr> <tr> <td bgcolor="#fffff1"> <table align="center" border="0" cellpadding="0" cellspacing="0" width="124"> <tbody> <tr> <td valign="top"> As for tapping into reserves for the first time - something that was finalised towards the end of the exercise - Ms Lee said speech writers had to rack their brains for words such as 'prudent' and 'extraordinary' to emphasise that this was temporary.
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</td></tr></tbody></table></td></tr></tbody></table> And the team of more than 20 found out 'not much earlier' than the public that the Budget would be brought forward, Lee Kok Fatt, director of fiscal policy, told BT, adding that it was announced on a Thursday rather than the usual Friday because of the Chinese New Year holiday. 'We also wanted to give the markets time to react,' he said.
This meant 'morning-to-morning' working hours for the Budget team, said chief tax policy officer Doreen Tan.
'It is as intensive as the other Budgets (but) because the time is more compressed, we have to achieve double impact in a shorter amount of time,' she said.
With a laugh, Mr Lee mused: 'It's not that bad. I get two to three hours of sleep a day.'
'The bottom line is that we have enough rest to make sure that we stay alert to check that the proposals we come up with are sensible ones,' he said.
For the first time, MoF officials also spoke to bankers and traders directly on the credit issues - a sticking point as tight-fisted banks have been reluctant to grant loans to companies - rather than gather feedback through government agencies such as IE Singapore.
'It was about October that this point about trade credit started to surface,' said Mr Lee. 'It became more and more apparent to us that this area needed greater attention and that's when we started to talk directly to the bankers.'
This meant daily conversations with private sector players, including traders, insurers and bankers, added Jonathan Pflug, an officer dealing with economic strategy. 'I spent about 30 per cent of the day on the phone.'
With the dramatic change in the economic situation, initial plans that were proposed in April - the time that they typically start preparing for the next fiscal package - had to be revised.
Besides making changes to existing trade financing schemes - proposals that had previously remained 'in the background' - the team quickly looked into boosting infrastructure spending.
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[Leongsam]

Do the Pappies REALLY believe the words they use make the slightest difference to way they are viewed by the electorate?

 

[Papsmearer]

The exercise normally involves three months (?) of hard work for government officials. It was squeezed into just two frantic months this time around as the Budget was brought forward

What kind of fucking moron take 3 months for a budget? Its supposed to be ongoing and updated as need be. Not crammed into 3 months

For the first time, MoF officials also spoke to bankers and traders directly on the credit issues - a sticking point as tight-fisted banks have been reluctant to grant loans to companies - rather than gather feedback through government agencies such as IE Singapore.

What a crock of shit. U mean now than the MOF speak to the bankers?What the fuck were they waiting for, the moment the crisis happened, they should have been finding out from them what the hell was going on. Also, the largest bank DBS is owned by the govt. If the govt. orders DBS to start making loans, other banks will follow because they do not want to lose the business.

 

[myfoot123]

What kind of fucking moron take 3 months for a budget? Its supposed to be ongoing and updated as need be. Not crammed into 3 months
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The highly paid ministers and leaders need to rest 9 months so they can only spare 3 months. Not forgetting the 3 months are someone junior working for them too. So 12 months are actually Cho Bo Lan for the ministers.
Easy money, easy work and easy to push blame to Singaporean too. No wonder no ministers want to resign despite all grave mistakes they made throughtout so many years and non is apologetic.

 

[jw5]

The highly paid ministers and leaders need to rest 9 months so they can only spare 3 months. Not forgetting the 3 months are someone junior working for them too. So 12 months are actually Cho Bo Lan for the ministers.
Easy money, easy work and easy to push blame to Singaporean too. No wonder no ministers want to resign despite all grave mistakes they made throughtout so many years and non is apologetic.

It's very easy to make motherhood statements and state the obvious all year long.
We do it all the time in this forum, for free too.
Why should the country pay millions for the same thing?

 

[DerekLeung]

 

[DerekLeung]

 

[DerekLeung]

 

[DerekLeung]

 

[DerekLeung]

 

[DerekLeung]

 

[oli9]

To begin with, if our million dollar government didnt get themselves into this financial mess there's no need for whatever Job credit & all that crap.

 

[funglung]

To begin with, if our million dollar government didnt get themselves into this financial mess there's no need for whatever Job credit & all that crap.

To begin with,

If Sinkies had the balls to kick out LKY and his stinking dogs, there will not be a SPH who would go around trumpeting all the shit from PAP.

Singapore would have been in a far better position and Sinkies will all be richer.

LKY and PAP bastards would have all been being bars and rotting in jail instead of staying on in power to screw Sinkies

 

[Papsmearer]

The highly paid ministers and leaders need to rest 9 months so they can only spare 3 months. Not forgetting the 3 months are someone junior working for them too. So 12 months are actually Cho Bo Lan for the ministers.
Easy money, easy work and easy to push blame to Singaporean too. No wonder no ministers want to resign despite all grave mistakes they made throughtout so many years and non is apologetic.

hahahaha, yes, dun forget they need at least 5 weeks for overseas cooking course, and a few months travelling overseas on meetings and what not, which are jiak chua type.

 

[Papsmearer]

To begin with,

If Sinkies had the balls to kick out LKY and his stinking dogs, there will not be a SPH who would go around trumpeting all the shit from PAP.

Singapore would have been in a far better position and Sinkies will all be richer.

LKY and PAP bastards would have all been being bars and rotting in jail instead of staying on in power to screw Sinkies

Rot in jail is not good enough. We must find out where all the money when, where their assets are, and take steps to recover them for the country. Nothing hurts them harder than taking their money away.

 

[funglung]

Rot in jail is not good enough. We must find out where all the money when, where their assets are, and take steps to recover them for the country. Nothing hurts them harder than taking their money away.

and keep those PAP robbing bastards in jail

THROW THAT FUCKING KEY AWAY AFTER THAT AND MAKE SURE THEY ALL ROT IN JAIL

 

[ahbengsong]

20 people to craft the budget ???... thats a fucking lie... there are many hundreds of civil servants behind churning out figures and possibilities so these pap retards can claim credit all to themselves...