we AM WONDERING how much some-more insults will a infancy of Malaysians absorb before they arise up politically to find which they have been had large time by a Barisan Nasional (BN) government.
After 55 years of BN's rapine of a nation's wealth, twenty-six million Malaysians have been saddled with a RM502.4 billion sovereign debt or 53.7% of a Gross Domestic Product (GDP) this year.
That is usually 1.3% reduced of a 55% legislated debt ceiling.
Also, there have been RM118 billion in off Budget liabilities or sovereign guarantees for private corporations similar to a Port Klang Free Zone (PKFZ) as well as government-linked association loans ending 2011.
However, most economists hold which we have already breached a legislated debt roof as International Trade as well as Industry Deputy Minister Mukhriz Mahathir appeared to have "accidentally" leaked out some alarming information while speaking to brand new students in Universiti Utara Malaysia (UUM) upon Sept 6, 2012.
'Loose-lips' Mukhriz gave a game away?
In trying to paint a flushed picture of a country's economy, Mukhriz claimed which a nation was upon a right expansion track due to "wise" monetary management, but reliance upon complicated abroad borrowings.
"The supervision has about RM800 billion in borrowings. Of this figure, foreign borrowing is usually 17%. The bulk is from internal monetary institutions! ," TheEd ge reported Mukhriz as saying.
Now, is a sovereign debt as suggested by Budget 2013 during RM502.4 billion or is it RM800 billion?
Two visuals found in a facebook highlighting Prime Minister Najib Abdul Razak's wife's extreme spendings.
Flawed logic
Mukhriz's argument is additionally injured when he tries to justify good monetary management by differentiating in between made at home as well as foreign borrowings.
A debt is a debt. It is still what we owe, nothing more, nothing less.
And for a initial time in 55 years, as well as inside of a year, a BN supervision voiced assorted money handouts to competent individuals, in a guise of helping a reduce income group of Malaysians.
Those handouts have been obviously an try to soften as well as secure a await of a quick flourishing nervous Malaysians who have been struggling to have ends meet daily.
Buying votes
Malaysians will go to a inhabitant polls, latest subsequent June, to cast their ballots to elect their brand new state as well as sovereign governments.
Clearly, a cash-strapped BN supervision is forced to give out such rare money handouts since of their fright of losing a rakyat (people)'s mandate to remain in power after a 13th General Election.
The fright stems from BN's rare electoral waste in a Mar 2008 political tsunami even losing a traditional two-thirds infancy in Parliament for a initial time in Malaysia's electoral history.
This visible from facebook depicts PM Najib's shameless take over of a Women, Family as well as Community Development Minis! try from Cowgate Shahrizat
Generally, a Umno-led BN has not been means to shift or reform to win back a await of Malaysians. Instead, most design a BN to perform worse, if not lose power.
Only a Umno-controlled Election Commission's disposition handling of a choosing process, giving a edge to a BN, stands in a way of a shift in supervision in a subsequent inhabitant polls.
Worth usually 5 sen any day of a past 55 years
To get back to what we wanted to highlight in this blog posting, we instruct to refer to a elementary as well as nonetheless engaging calculation which we found in Facebook.
Haji Sobey refers to BN's dual BR1M money handouts amounting to RM1,000 to any competent Malaysian. You order this volume by 55 years which BN has ruled Malaysia as well as we get RM18.18 a year.
You order RM18.18 by 12 months, we get RM1.51 a month.
You order RM1.51 by 30 days, we get 5 sen a day!
Mathematically, this is correct, as well as so it makes sense.
Haji Sobey concludes: "Telah ditipu, adakah akan terus ditipu? Pilihan ditangan anda " (You have already been taken for a ride, do we want to be go on to be taken for a ride? The choice is in your palm "
Corrupt & Bankrupt
Haji Sobey is a Malay who is means to see by a divergent Umno-led BN as well as a cronies who have swept up hundreds of billions of ringgit in contracts, emptying a inhabitant bin with hundreds of monetary scandals.
Now, do we see because we have been streamer towards a direction of Greece as a hurtful as well as broke country? Can we afford an additional 55 years with a Umno-led BN?
I, for one, cannot stomach BN-Umno's insult which my votes or ballots have been value usually 5 (five) sen (cents) in a su! bsequent general election.
This visible from facebook depicts Umno as a Satan (Devil) or Syaitan in Bahasa Malaysia
MAILBAG
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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