2009年1月27日星期二
Happy Chinese New Year!
Selamat Datang everyone! This is my new blog, so pls give your fullest support. Please feel free to comment on my post or vote. I would like to wish everyone a Happy Chinese New Year!
Posted by Jonah at 22:10
2009年1月26日星期一
Singapore Reserves
With reference to the TODAY newspaper January 19, Monday, " Govt mulling tapping the national reserves", I would like to express my point of view as a Singapore citizen to the general public.
Recently, there has been a hustle whether we should tap into our national reserves. A point of view was that could set a precedent for fiscal indiscipline and that the reserves can only be saved for the worst moment. Another point of view is that now is already the worst moment, with Singapore now facing probably the world's greatest financial crisis. My point of view is, we should stop this debate and think of how we could save our country.
Back in the 1981, when the government initiated this programme, the PM promised that it will only be used for rainy days. So if this is not a rainy day, I don't know what is.
All Singaporeans, this is no ordinary recession, we have seen buisnesses closing, the most recent one, world's biggest banking company, Citigroup,almost closing. We have seen millions of citizens losing their jobs, we have seen many families breaking apart... it's time we use our reserves.
These reserves were onced taken via taxes from us and pledged to save us during crisises our country might face. Now, its time they
at least save us all from this mess- by 'paying back' what we have given them.
Of course, the decision is made by the PM himself, but I think it is time to make another wise decision, Mr Lee.
I'm a Singaporean,
Jonah
Posted by Jonah at 21:18