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to build a democratic society

Today I received $200 in GST credits. I guess it means that elections are coming. Cool, but actually I'm not really sure which GRC I'm under. I live in Hougang though. But not under opposition ward I think. Weird. Anyway, I think I'm under Aljunied GRC.

When I was young I followed my mother to the voting booth, it seemed like such a secretive and adult-like thing to do, mark a cross beside the bee (logo of some opposition party?) or beside the lightning bolt and drop the slip of paper into a box.

Now I'm going to be able to do the same.

So are you, friends, you are going to do the same too.

Who are you going to vote for, if your place doesn't go through a walkover, that is? I honestly hope it isn't going to be the PAP.

If it is, please take some minutes to read the following pages, I have copied some excerpts from each page:

Why was our late president Mr Ong Teng Cheong not given a state funeral like Dr Goh Keng Swee?
Ong Teng Cheong was elected to the presidency in 1993. One of his first moves was to ask the civil service for a list of assets that the government had started off with. Six years later, one of his complaints at the end of his term of office in 1999, was that he never quite got a full accounting. Another of his complaints was that he was never given enough staff to check the numbers given to him.

(Asiaweek Interview with Mr Ong) Why did they not want to tell you?
I do not know. Don't ask me, because I don't have the answer. I've been asking them. In fact, in 1996, exactly halfway through my term, I wrote prime minister Goh a letter. At that time, everybody was expecting a general election in December or January. After the election, a new government would be sworn in. When that happens, all the reserves, whether past or current, become past reserves and are locked up on the changeover date. As president, I have to safeguard them and they can only be drawn upon with my permission. So I said to Mr Goh It's already halfway through my term, but until today I still don't know all these figures about the reserves.

And this, Administrative Expenses at Temasek Holdings amounted to 8 billion in the FY 2009
The overhead and fixed costs at Temasek are outrageous. In its 2009 financial statements and balance sheets, Temasek had $140.953 billion in assets (table 1). This was down from $169.844 billion in 2008. However, total expenses were $31.170 billion dollars or a whopping 22.11% of assets (percentage of assets is usually how funds are judged). Why was it only $25.7 billion in 2008, a year in which Temasek’s net profit was almost 3 times that of 2009!! So, how is it that in a year when net profit was 3 times less than in 2008, it incurred 21.28% in higher expenses!!

The expenses for 2009 (table 2) are broken down as follows:

Selling and Distribution $5.042 billion or 3.57% of assets
Administrative $8.068 billion or 5.72% of assets
Finance charges $2.727 billion or 1.93% of assets
Other operating expenses $15.333 billion or 10.88% of assets

The thing that really jumped out to me was the administrative expenses. This is expenses for salaries, rents, etc. How can a staff of only 350 incur $8 billion in administrative expenses! Do they have their own private jets, gold water faucets, etc?

So now we have Temasek spending 8.068 BILLION, that is $8,068,000,000.00 on administrative expenses, but unwilling to give $30 per month more to citizens on public assistance schemes?

(excerpt from 2007 budget talks)
Dr Lily Neo: Sir, I want to check with the Minister again on the strict criteria on the entitlement for PA recipients. May I ask him what is his definition of "subsistence living"? Am I correct to say that, out of $260 per month for PA recipients, $100 goes to rental, power supply and S&C, and leaving them with only $5 a day to live on? Am I correct to say that any basic meal in any hawker centre is already $2.50 to $3.00 per meal? Therefore, is it too much to ask for just three meals a day as an entitlement for the PA recipients?

Dr Vivian Balakrishnan: How much do you want? Do you want three meals in a hawker centre, food court or restaurant?

No, actually we don't want meals anywhere, we're perfectly happy with Temasek spending the money on administrative expenses.

And to cover losses as well, of course. Report from the Wall Street Journal

Last September, Temasek announced it had a lousy year. In the year ended March 31, 2009, the value of its investment portfolio fell 30%, and its profit fell 67%. Its wealth added was a negative 68.1 billion Singapore dollars, or about $48.5 billion, meaning everybody's WA bonus bank took a big hit.

They lose 68billion sing dollars. If the amount is given to everyone in Singapore equally as GST credits that would be around 11.7 thousand per person. (68,000,000,000 / 5,800,000 = 11,724). Of course if you exclude foreigners who recently became citizens that number will go up substantially.

Please remember that this money is the MOF's money, meaning it includes annual tax surpluses and CPF money. It is all the citizens' money. $68,000,000,000 - lost.

Recap - Dr Vivian Balakrishnan: How much do you want? Do you want three meals in a hawker centre, food court or restaurant?

And if you're still up to it, read this on whose country is it anyway? And on what the state media censors
The Government brings in foreigners by the millions at the expense of Singaporeans, causing the locals economic uncertainty and hardship.

The National Wages Council, which help to determine the level of wages of Singaporeans, continue to have foreigners such as Americans, German, and Japanese sitting in it. For the record, real income of Singaporeans have stagnated in the recent past and the cost of living has far outstripped wages for most Singaporeans.

But perhaps the clearest indication that the PAP Government works against the interest of Singapore and her workers came from the late Ong Teng Cheong. In January 1986 Mr Ong, then deputy prime minister and NTUC secretary-general, had sanctioned a strike by the shipping industry which he did not inform the cabinet.

This was Mr Ong's account: "The minister for trade and industry was very angry, his officers were very upset. They had calls from America asking what happened to Singapore - we are non-strike."

Why do American bosses need to call the PAP Government about a strike carried out by Singaporean workers? Why does it have to account to American businesses for what it does in Singapore? Who does the Government listen to, American MNCs or Singaporean workers?

The important question that must be asked is what are Singapore's interests? They must not be conflated with the PAP's interests?

Is the PAP Government's policy to invest and subsequently lose more than $100 billion in investments in Western banks while poor Singaporeans go hungry and homeless working in the interest of Singapore?

And this, What does the incumbent use the ISA (Internal Security Act) for?
Teo and 15 others were brusquely arrested on the night of 21/22 May 1987 under the Internal Security Act. After succumbing to lengthy interrogations in cold rooms and agreeing to participate in a show confession on television, she was released in September. However, on 18 April 1988, she and some others issued a joint statement categorically denying the government’s accusations that they had been “Marxist conspirators”, and for their trouble were promptly rearrested the following day. She would be held without trial for more than two years to June 1990.

Do you really still want to be under a government like this? Anyway, going to end off this long post with something funny I found from another blog:

i don't want to Change, let's vote PAP in
(credits to http://utopia8787.blogspot.com/)

vote PAP in so we can address each others as "comrades" like Young PAP
vote PAP in to raise GST to help the poor(credits to comrade Lee Hsien Loong)
vote PAP in to bring in more foreigners
vote PAP in to bring our population to 6.5million
vote PAP in to give our highly-talented Ministers a Million Dollar Pay Raise
vote PAP in to withdraw your CPF at 71 years old
vote PAP in to have 40 years of HDB mortgage loan
vote PAP in to have more massage parlours
vote PAP in to work CHEAPER BETTER FASTER(credits to comrade Lim Swee Say)
vote PAP in to have Affordable $650 000 4-room flat(credits to comrade Mah Bow Tan)
vote PAP in to help Foreigners integrate into Singapore
vote PAP in because Foreigners are highly educated, financially powerful, resourceful and have extensive networks(comrade Grace Fu)
vote PAP in to have death penalty
vote PAP in to lose your CPF money to inflation
vote PAP in to have no Opposition in Parliament
vote PAP in to read more good news every day in Straits Times
vote PAP in so Ministers can take a productive nap during Wong Kan Seng's boring speech(credits to comrade Teo Chee Hean)**
vote PAP in because they are deaf to all criticisms(credits to comrade Lim Swee Say)
vote PAP in because we are not a country(credits to comrade K Shanmugam)
vote PAP in because foreigners are more hard striving(credits to comrade Lee Kuan Yew)
vote PAP in because we are lesser mortals(credits to comrade Charles Chong)
vote PAP in so your children will want to leave Singapore
vote PAP in to put your parents in Johore
vote PAP in because the Beach can take in more homeless people
vote PAP in so our elderly, poor and handicapped can pick aluminium cans, sell tissue and clear trays in food courts and fastfood restaurants for active aging
vote PAP in so we can work forever and not retire
vote PAP in so terrorist can limp his way out of detention
vote PAP in so Singaporean guys can serve NS to protect Foreigners and the PAP
vote PAP in to have more NS reservist training and 2 years of NS
vote PAP in to support Foreign Talent, because local singers, actors, musicians and artists are not talented enough
vote PAP in because every academic result matters(yes PSLE too)
vote PAP in because we fear them


By now I hope you would give the opposition a chance. Who knows, they might be not be 'better' than your MP but surely they would be more helpful than these MPs here.


Jan. 19th, 2011 03:26 pm (UTC)
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