(B)ankrupt (N)ation


Once the republic is upon the brink of collapse, it will collapse. Malaysia's tumble will be due to mismanagement, crime as well as crony-capitalism.
COMMENT
It certainly looks like Malaysia is upon the way towards achieving the status of the broke nation. Yes, the acronym of BN already stands for Bankrupt Nation, so can this be taken as the pointer of things to come?
If the nation's current debt standing during RM456 billion is added to the contingent liabilities of RM97 billion (off-balance piece spending), you will have RM553 billion, which is some-more than 63% of the Gross Domestic Product (GDP). The Loan Act 1959 as well as the Government Funding Act 1983 settled which the open debt ratio contingency not surpass 55% of the GDP.
Of course, if the contingent liabilities of RM97 billion have been not added to the open debt of RM456 billion, then the latter amounts to 53.5% of the GDP which is usually slightly below 55% this, of course, lets the BN sovereign supervision off the hook instead of "breaking the law".
Therefore, PAS Kuala Selangor MP, Dr Dzulkefly Ahmad, has warned Prime Minister Najib Tun Razak to stop fibbing to the adults by saying which the nation's deficit has decreased through the little sleight-of-hand accounting.
Dzulkefly serve added which the Greek supervision became broke around massive off-budget or off-balance piece spending. This is what Malaysia is practising now: off-balance piece spending.
At the rate the sovereign supervision is spending around crony handouts, the republic will be broke even before 2019.
That is because the sovereign supervision wants to levy GST (goods as well as s! ervices tax) after the 13th ubiquitous choosing the Treasury is near empty. As it is right now, our supervision can be referred to as "running upon empty".
Once the republic is upon the brink of collapse, it will collapse. Malaysia's tumble will be due to mismanagement, crime as well as crony-capitalism.
If BN wins the 13th ubiquitous election, there will be the good austerity drive as the sovereign supervision aims to replenish its coffers by introducing some-more brand new taxes to puncture in to the rakyat's pockets instead of curbing supervision spending.
There will be funding cuts as well as prices of goods, especially the simple necessities, will escalate. The typical man-in-the-street will have to onslaught to make ends encounter as well as the bad as well as the low-income organisation will suffer the most. As usual, the wastages as well as leakages will go upon thereby angering the rakyat further.

Change the diapers

But BN will win in the polls due to the assistance of 200,000 or some-more alien electorate in the dirty electoral rolls. In Selangor alone, some-more than half the million electorate have been shifted about. And there have been 3 Pakatan Rakyat parliamentary seats which have seen the extensive enlarge of electorate (between 25% as well as 35%):
1.Parliamentary chair of Subang hold by PKR MP R Sivarasa;
2.Parliamentary chair of Kota Raja hold by PAS MP Dr Siti Mariah; and
3.Parliamentary chair of Puchong hold by DAP MP Gobind Singh Deo.
Yes, BN can win the ubiquitous choosing due to electoral fraud. And some-more brand new taxes will surely be imposed causing the bad as well as the low-income organisation to get angry. And frustrated during the way they have been pushed in to the corner.
An angry chairman can trigger off the political tsunami as in the box in Tunisia where it usually took one angry stallhol! der to s et himself upon glow to cause the downfall of the government. One can never be as well certain of things in this complicated era of Twitter, Facebook as well as camera-phones.
And which is the reason because Najib is afraid to hold the ubiquitous election. He knows he is in the unsafe position despite all those open handouts. He knows which win or lose, difficulties will follow the open expects some-more handouts from BN right away which he has set the precedent or else they will get angry.
It is time to shift the baby's (Malaysia the immature nation) diapers. For some-more than 54 years, the baby is still wearing the same contaminated diapers! Knowing this, Najib has promoted his picture to the knob in sequence to win the ubiquitous election.
Figures manipulated
Najib has left no mill unturned in his efforts even to the border of paying FBC Media RM80 million to foster Malaysia's image. However, Malaysia or Najib rather, ended up looking silly when BBC apologised worldwide for airing those FBC Media programmes upon Malaysia. What the wanton waste of money to make Malaysia the world's laughing batch the contrition as well as an embarassment indeed!
Even our mainstream television headlines slots never fail to foster Najib he is regularly shown in all the headlines slots saying this or that. There is never one day when his face is not shown upon the telly.
All these efforts have been done in sequence to enable him to con the rakyat serve with his strong economic deeds as well as so-called transformation programmes which will bring all Malaysians upon the road to prosperity.
Figures as well as census data have been manipulated to suit BN favourably; for e.g. crime rate as well as stagnation have gone down. But if you were to visit the small town as well as talk to the people there, for instance, Jelebu in Negri Sembilan, you will listen to which there have been most jobless people these days.
As for the crime rate, house break-ins have been rampant in Bandar Menjalara in Kepong wherein boom gates have been commissioned as well as security guards hired by the resident's association. Snatch thefts have been also common in Taman Sri Sinar, Segambut. Credit however, contingency be since to the police as they have stepped up patrols though these crimes also prove the underlying amicable problem of increased unemployment.
Knowing which his picture is all-important in assisting BN to win the ubiquitous election, Najib has spared no effort in gaining political mileage in all which he does as well as says.
At the finish of the day, will the 200,000 or some-more alien electorate decide the fate of the rakyat? If they do, then you the rakyat will be going to Greece while the BN leaders can afford to go upon the Carribean cruise as well as indeed many, most some-more cruises to come.
Selena Tay is the FMT columnist.
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