"Malaysia will become the entirely gladdened republic prior to the finish of the decade during the stream rate of large borrowing as well as irresponsible spending by the BN Government" declared the Malaysian Institute of Economic Research (MIER).
I customarily do not write about such things upon the eve of Hari Raya or any of the festivals. But there comes the time when raw being supersedes sentimentality. Over the Chinese New Year visitation we listened this within earshot. This 5 year aged kid upon finding the contents of his angpow told his 7 year aged sister: "That aunty's angpow usually 1 ringgit." we snatched the red parcel from Benjy as well as said, "I know the very poor child who would worth this 1 ringgit to share with his younger sister." He ran to his mom to complain as well as the latter gave me the look! So what? Later, we learnt from the father Stanley my former tyro which Benjy was disciplined appropriately in the presence of the mom as well as sister. BTW Benjy emails me from Melbourne more regularly than my dual kids! Howzat!
The pleasing thing about this balik kampong phenomenon is which irrespective of which festival, siblings take the event to head for home-base. What better event to stir upon those still unimpressed which this is not the story though the contemptible actuality which has to be put upon the table. This is an event to turn with the jealous relatives or siblings. Here are the bare facts from MIER no rebate which Malaysia willGo Bankrupt By 2019 With Debt To GDP Ratio Of 100%:
The Federa! l superv ision debt to GDP (Gross Domestic Product) comparative measure has increasing each year from 53.1% in 2010, 53.8% in 2011 as well as 54.8% in 2012. This is intensely alarming as well as scarcely touching the inhabitant debt roof of 55%. According to Malaysian Institute of Economic Research (MIER) fellow Mohd Ariff Abdul Kareem, if the Federal Government continues to borrow during the stream rate, the debt to GDP comparative measure will be 100% of GDP by 2019! In comprehensive terms, Federal Government debt rose by 71% in 4 years to RM456 billion during finish 2011 from RM266 billion during finish 2007. At the same rate of expansion, the inhabitant debt will be RM780 billion by 2016, as well as RM1.3 trillion by 2020. Mohd Ariff additionally noted which what is more worrying is which the rate of borrowing is far outpacing the mercantile growth, so much so which he was quoted as saying, "If zero is finished to retreat the stream trends in supervision expenditures as well as revenues, extrapolation suggests which Malaysia's inhabitant debt will raze to 100 per cent of GDP by 2019." This is intensely dangerous, as well as even more catastrophic when joined with statistics from Bank Negara's Annual Report 2010, which revealed which Malaysia's domicile debt during the finish of 2010 was RM 581 billion or 76% of GDP, thus giving us the indeterminate honour of having the second-highest turn of domicile debt in Asia, after South Korea. In addition, the Malaysian domicile debt service comparative measure stood during 47.8 per cent in 2010, definition which scarcely half of the normal family's income goes to repaying debts. Not usually are Malaysians debt-laden, cost of products are additionally skyrocketing whilst income as well as salaries have stagnated. While infant milk powder has risen by scarcely 50% in recent times, other simple line have additionally left up by leaps as well as bounds, such as: 1. Sugar: RM1.45/kg (Jan 2010) to RM2.30 (May 2011) - 58% in eighteen months. 2. Eggs:! B grade RM9/30eggs (sept 2010) RM10/30eggs (now). ! 3. Electricity tariff: normal enlarge of 7.12% in June 2011. 4. The tarik as well as kopi susu: enlarge RM0.10 to RM0.20 (9.1% to 18.2%. 5. Gardenia bread: 5%-14% hike (2011). 6. Service tax enlarge 1%: one more RM720 million in taxes to Federal Government. 7. Onions: cost up 17% (Dec 2010). 8. Milo: up 5% 1st half 2011; 4% 2nd half 2011. 9. Nescafe: cost went up further 6% in 2nd half 2011, when cost is already >RM20 per 300gm 10. Favorite food items like roti canai, char koay teow as well as nasi kandar come in smaller portions for the same price. In contrast, Pakatan Rakyat-managed states have successfully managed their finance management as well as not overburdened the people with debts. In fact, Penang managed to revoke state debt from RM630 million during 8 Mar 2008 to usually RM30 million as during finish of October 2011. This represents the debt rebate of 95% or RM600 million, which is the highest debt rebate of any state in Malaysia's history! Clearly, Malaysians who instruct to have the better life for themselves as well as their destiny generations must make the choice between the supervision which is spendthrift as well as which borrows irresponsibly without being means to make the cake grow bigger, or the supervision which is prudent as well as pure which will put the concerns of the rakyat first.
Probably the re-readHEREmight assistance when we plead this with your family over the festivities.
http://zorro-zorro-unmasked.blogspot.com/2012/07/bluffing-as-usual.htmlhttp://zorro-zorro-unmasked.blogspot.com/2012/07/bluffing-as-usual.html
We don't design we to work miracles because it is not necessary to be the miracle worker.
JUST PUT AN X FOR PAKATAN TO ENSUR! E THE EX IT OF "Pakatan Rakyat"/BN.
IT'S A SURE FIX..JUST ABU!
COMING INTO MUAR THIS MORNING WAS A BREEZE.
SELAMAT HARI RAYA TO ALL MY MUSLIM FRIENDS, ESPECIALLY THOSE WHO ARE OVERSEAS.
Posted byzorro
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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