Wednesday, March 11, 2009

Mini-budget of RM60 Billion To Save the Economy

RM60 billion, is it mini? Huh, from where the monies come from? Ah ha, mainly from the EPF. Yeah, our EPF dividends 2009 will be affected again. Normally will get 4% to 5% each year. What about inflation of 5% to 10% per year? Means at the end when we can withdraw all our deposits, actually we will get nothing extra but "depreciated' amount of EPF?

I remember Tun Daim had went to US in 1998 to sell the bonds of RM2 billion which already we considered as a big amount! Now RM60 billion? What happened if still insufficient to stimulate the Malaysian economy at least for the next two years?

PM in waiting looks smiling when briefed and delivered the budget on March 10, 2009. Yeah, the money or budget to be spent is not from his or any cabinet's members pockets, or his late father's monies, but monies of the citizens themselves.The government is exploiting its subjects' retiring funds, collections of the highway tolls, profits earn from petroleum consumed by the public, etc.

As naive suggestion, why not the RM60 billion is distributed to 60 selected local potential entrepreneurs to start or expand their businesses? Of which, before becoming a billionaire, then by giving them RM1 billion each, the country will be able to create at least 60 more billionaires in the country. If not, when the allocation finished we are scared if we still unable to produce even as single billionaire!

Unfortunately, our country is merely having people of only know how to spend money, not how to get money! These can be proven of how our some MPs debating in the Parliament especially by the backbenchers by using Bahasa Melayu very wildly, and if using English also not to the standard.

To select a truly Premier, we have to find someone who is highly educated, know how to use his head and farsighted. Like Nabi Yusuf a.s. (Prophet Joseph) during Pharaoh's reign, where to save during flamboyant period of 7 years and spent wisely when in depression of also seven years.

Why not we produce more local doctors through the IPTA/IPTS and budgeting more on them?Instead of producing 2,000 doctors per year why not increase them to 5,000 or 10,000 per year? Why we spend a lot on defence of which when buying the armaments/artillery gadgets we always buying the outdated ones? Is it to save cost?

Look at Japan, it spends money more on developments and less on defence. Hence, Malaysia most money spend on armaments, why not transfer some to be used more in expanding the agricultural sectors, means producing more foods for the citizens? China and India are examples of exporting food countries, why not Malaysia?

Like we are in the many wrong directions somewhere full of complications and confusions. Why? The existence of opportunists and selfish leaders are around who prefer to acquire popularity more than to defend the discreet principles.

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