PM Lee: S’pore S$8 billion poorer each year, recession could hit in the next 2 years
#31

Is the money well spend?
I think 3/4 yes, 1/4 no.
Certain matters we should not pour money to help certain sectors.


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#32

(03-05-2022, 08:01 AM)Hfourhappy Wrote:  Is the money well spend?
I think 3/4 yes, 1/4 no.
Certain matters we should not pour money to help certain sectors.



PAP over-spent on Skills Future $500 credit

Using that 9% of total GST collected in one year

(=$1.6 billion of $17 billion) 

When it does not build skills

Why do we need 5 Mayors and 80 PAP Ministers? 
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#33

..
Making less, PM Lee says losses
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#34

But can giveaway a billion to a newspaper ... Then a mth later this news Co bgt, ~a billion dollar property
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#35

Is the Jewel making money? Splurged so much money there dunno when can recover?....... Thinking

 Thinking is difficult, that's why most people judge
                    Carl Jung
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#36

(03-05-2022, 03:30 PM)Huliwang Wrote:  Is the Jewel making money? Splurged so much money there dunno when can recover?....... Thinking

LHL so call " biggest project achieve is more likely on Jewel " For me I feel this is not consider one in the sense compare LKY team achievement , which more benefit for the country down to the people.


LHL ever since take over as PM only good to take from the people on the expense GIVE SO MUCH TO CECA, etc
Is like SG become a place to " rob by foreigners , benefits them more than the locals "

Look at Thailand Policy always put their Local first

and other countries whereas come SG ?
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#37

(02-05-2022, 06:47 PM)Bigiron Wrote:  PM Lee: S’pore S$8 billion poorer each year, recession could hit in the next 2 years



https://theindependent.sg/pm-lee-spore-s...t-2-years/

So what are the red shirts cheering for then?
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#38

(02-05-2022, 07:02 PM)Bigiron Wrote:  Remove the 5 mayor, reduce pap MP and cut minister pay.

this move will easily save > 10m a yr
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#39

It's so simple to predict and to switch attention away ..
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#40

When did LKY ever flip-flop a single Roti Prata continuously for more than 2 years?

Never. 
And, the Roti Prata was never kept flying in mid air for so long..

"When did LKY ever left the Roti Prata flying in mid air just to rush to see the US President?

Wasting everyone's time"
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#41

(02-05-2022, 09:16 PM)watchfirst9 Wrote:  Our currency depreciated nor appreciate, just that fare better than many. 
Cannot just compare with Msia currency, need to compare with commodities.


My miscommunication. In May day speech, PM Lee said they appreciated our currency to fight inflation. So, I believe that they could have made more profits in the months to come later.
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#42

So what if PAP is $8 Billion poorer for short 3 mths

Can they see? Citizens have been forced to be poor

Or work till 70 years old because PAP made us suffer?

Why do we need 5 Mayors and 80 PAP Ministers? 
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#43

[Image: nudie.gif]
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#44

I rather PM focus on utilizing the govt reserves to build a Singapore 3.0 than mere looking at potential recession or the lost of 8bil...

Govt reserves are not there just to shore up but also to reinvent the nation so that we can continue to do well after each downturn. Thinking of collecting more gst is a stopgap measure at best. There comes a time when we will be left with no one else to tax. We need to reinvent, invest for the new world and not just same old same old with heavier tax collection...
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#45

Let's be HONEST Ourselves.

Honestly speaking SG Gov never " poor " Is MORE ON " ownself check ownself " OVER SPEND on their FAIL Planning etc

summary LKY profit for SG

Whereas

LHL spend and spend
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#46

(03-05-2022, 08:01 AM)Hfourhappy Wrote:  Is the money well spend?
I think 3/4 yes, 1/4 no.
Certain matters we should not pour money to help certain sectors.



It is 100% his fault for making G poorer

He can easily set levies or EP Processing Fee to be $500 for each application

And collect back $1Billion back each year

Why do we need 5 Mayors and 80 PAP Ministers? 
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#47

What can we expect when they spent $880k on a rubbish center. Some more the govt didn't apologize for it but instead found all kinds of excuses to justify their high spending.

Money come too easily to the govt, such that when they do not have enough, all they have to do is raise taxes rather than find ways to optimize their purchase. I see some of the bus-stops and sheltered walkways being torn down and rebuilt even though they're perfectly fine. This, coupled with investment losses, is the real reason why money is always not enough.
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#48

(08-05-2022, 09:14 PM)Blasterlord2 Wrote:  What can we expect when they spent $880k on a rubbish center. Some more the govt didn't apologize for it but instead found all kinds of excuses to justify their high spending.

Money come too easily to the govt, such that when they do not have enough, all they have to do is raise taxes rather than find ways to optimize their purchase. I see some of the bus-stops and sheltered walkways being torn down and rebuilt even though they're perfectly fine. This, coupled with investment losses, is the real reason why money is always not enough.
Thumbs_up Thumbs_up Thumbs_up
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#49

(03-05-2022, 05:18 AM)Scythian Wrote:  Is PM Lee telling Singaporeans that without experiencing recession before,  PAP Govt is actually S$ 8 billions richer every year?

Question 22

Have you ever feel rich?
I can see my rich future here https://bit.ly/3s2w0ay so much more than the S$ 8bil that's said 😂
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#50

(08-05-2022, 10:16 PM)depdepenetrator Wrote:  PM LEE:

yes
Singapore 8 billion poorer

buy my paycheck IS THE HIGHEST IN THE WORLD

YEAH! Clapping

no better answer than this!!!
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#51

(08-05-2022, 09:14 PM)Blasterlord2 Wrote:  What can we expect when they spent $880k on a rubbish center. Some more the govt didn't apologize for it but instead found all kinds of excuses to justify their high spending.

Money come too easily to the govt, such that when they do not have enough, all they have to do is raise taxes rather than find ways to optimize their purchase. I see some of the bus-stops and sheltered walkways being torn down and rebuilt even though they're perfectly fine. This, coupled with investment losses, is the real reason why money is always not enough.

getting a >1k foldable bicycle for the np staff,how many can afford a 1k bicycle, mine is ard$90
the prc citizens  has a saying when u are rich u are spoilt!!
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#52

Pm should get Mr FixIt to start cutting costs with his MPs, ministers, mayors, etc.
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#53

so 'smart and clever' leader...

I am just a tiny plankton in the ocean.
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#54

Cut salary of the MIW and WIW, and Temasek top bosses.
Save how many $$$$$$$$?
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#55

(28-04-2022, 11:39 PM)bobby Wrote:  [Image: nudie.gif]
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#56

Sorry, I don't believe what he says

because GST increase

and that can already raise how many billions extra??

Why do we need 5 Mayors and 80 PAP Ministers? 
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