PGMA is calling on all businessmen to contribute on the Economic Stimulus Fund. According to her Excellency, this fund will be used by the government to address the threat of the financial crisis to the Philippine economy.
It is a shame that our government had to resort on seeking funds from the private sector other than the usual taxation. Ideally, the economic stimulus fund is not necessary if the government is working corruption-free. Many researches and studies, by local and international institutions, had stressed over and over again that a bulk of the public funds only goes to the pockets of corrupt public servants and their accomplices. If her excellency did her work in stamping out corruption since the start of her presidency, then there is no need to seek additional contribution from the private sector.
Instead of being a true anticorruption czar, PGMA and her family partook in embezzling the money of the Filipino people. Her husband and sons keep on getting fat because of the large sums of money that they are stealing from us. Her cabinet members, allies in the congress and senate, and friends from various sector followed their lead in thievery. Hundreds of “public servants” were left alone to steal some money in their way and in their own style. Corruption, my dear readers, is the reason why PGMA is seeking our help in establishing the economic stimulus fund.
Popularity: 1% [?]
I think the government will not succeed on this one. Why should the business community trust the government? It seems that our president is day dreaming when she thought of this one. With the kind of government that we have, nothing will move forward in our country.
Yeah she is day dreaming. Large amount of trust is needed for this endeavor to succeed and I believe that the current administration lack this thing big-time.
Oh, it doesn’t lack on trust. It doesn’t have it and will never be. If PGMA thinks that she can imitate Obama, she’s dead wrong. Our country needs CHANGE and PGMA is not the right candidate to bring that to the Filipino people.
would legalizing corruption, by giving each official/agent of government commission and thus making it taxable be the better route?
Im all for the private businessmen to stimulate the economy, but why oh why would they give the funds to the government?
The widespread public ignorance, apathy and denial about the corrupt activities of our national leadership have encouraged our unscrupulous leaders to commit a litany of grand scandals with IMPUNITY.
Cocoy, you gotta be kidding.
cocoy, just privatise the government so we can tax them, and assign them to do field works. literally.
cvj,
When push comes to shove, some out-of-the box thinking probably won’t hurt.
cvj,
do you still have any doubt as to who’s going to be leading the charge?
Is this legal?
If so..she can seed it with ALL her family fortune for starters. Leadership by example.
Is this different from the reported initiative of the government to tap funds of the pension agencies Government Service Insurance System (GSIS) and the Social Security System (SSS)?
Senators Escudero and Pimentel are leading a class-action suit against the move. Executive Secretary Ermita stated that they will go ahead even if a case is filed.
Of course, the heads of GSIS and SSS are two of the tried-and-tested Palace favorites (aka operators): Garcia and Neri.
I remember JDV did something like this, when he asked pledges from politicos and the businessmen to mimic Thailands Thai Rak Thai, I forgot what tne crisis was during that time.
http://www.mb.com.ph/issues/2004/09/04/MAIN2004090417713.html
so I found the link to the story.
Get use to it – for the last time.
PGMA siphons off monies from the Social Security System, the Development Bank of the Philippines, and another such bank – to pool – that P50 billion stimulus fund.
All banks must likewise parcel out some monies for the government for this stimulus fund to cushion off possible impact of the US global meltdown.
All these with the most abused – sovereign guarantees.
This financial hemorrhage will be inflicted upon the Filipino people.
There are no details yet, but if RP follows the U.S. model of a stimulus package i.e. infrastructure, road, schools, etc. then we’d sink in deeper graft and corruption shit.
We’ll have more of collusion by contractors not yet blacklisted by the World Bank, Bridges to Nowhere, C5 at Taga, , fertilizer distribution, , ZTE, etc. etc.
The government should just purchase for each Filipino a basket of goods and services representing the whole broad and gamut of Philippine industry. For example: five sacks of rice, one thousand peso phone card/load, two tanks of LPG/full tank of gasoline/diesel, etc.
Rather than ‘stimulating’ the wallets/pocketbooks of grafters. Let’s be done with it
Yeah, expecting the tongpats crowd to pay taxes is out-of-the box thinking indeed.
Just perhaps, the culprit in this almost syndicated corruption in government, Philippine setting, is the beautiful fact, that we have an overpopulated House of Representatives.
When a province is created within a province, a city within a city, a town within a town, a barangay within a barangay, or another legislative district within a legislative district, then we have made an ‘animal farm’of would-be-practitioners of the trade. We breed and cross-breed them.
We have erected class legislations such as when a senator runs for another office and loses, he does not have to vacate his or her senatorship as an incumbent yet to finish his or her constitutionally-mandated term in office. It is as if, one never loses a position blessed with P200 million earmarks, congressional allowances, staff, lobby monies, kicks and commissions.
It has made it nearly impossible to make a clean sweep of either Senate or House – when we have become convinced that everybody is into corruption, of one form or other.
We have too many agencies with overlapping functions – a police within a police, a military within a military, an investigation arm within an investigation arm, a prosecutorial arm within a prosecutorial arm, a judicial arm within a judicial arm, and personalities within personalities.
All at the cost of taxpayers money – we have a bloated bureaucracy – its growth we refuse to stun. Our government offices have more employees than we can provide tables and chairs for everyone such that – not being fixed in a workplace – they become ambulant fixers in the unseen process.
We have yet to hear of an office that really gets rid of the employees placed in office just because of patronage politics – son and daughter of a barangay captain, and all that.
Nepotism? I wonder if Karina David is doing anything about it when even a chief justice of the Supreme Court appoints a child as chief of staff.
Well, live with it. We all can co-exist – one toiling mass of people, one different class of people. We have long been doomed to hell. Love this country?
Take a break – go to US and Europe. Then you can start cursing yourself for the endurance test you have just passed you’d think you must have been a slave throughout your lifetime.
Cure? Where? Sovereignty? No one is free.
STIMULUS FUNDS ARE SUPPOSED TO GIVE STIMULI TO
THE FAILING ECONOMY. THEY PRINT MORE MONEY IN
THE BANGKO SENTRAL, MORE THAN THE GOLD MONETARY
RESERVE OF THIS COUNTRY.
WE SOON GET, HIGHER INFLATION. IF THE MONEY WILL
END UP IN THE POCKETS OF CORRUPT POLITICIANS.
THE FILIPINOS MUST BE VIGILANT IN THE ALLOCATIONS
AND SPENDING OF FUNDS.
THE TROUBLE IS WE DONT MONITOR WHERE THESE FUNDS GO.
WE DONT CARE WHERE IT WILL GO.