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Are we rich or are we bankrupt? Part 2

Are we rich or are we bankrupt? Part 2

In Part 1 of this series, we explained how the PAP Government borrowed against our CPF savings to conduct commercial activities both in and outside Singapore. In the process, it has ratcheted up our public debt which has become larger than our Gross National Income. This puts us in a rather discomfiting fiscal position. According... 

SDP event: YOUth as Singaporean

SDP event: YOUth as Singaporean

International Day of Youth is celebrated on 12 August every year to recognize the potential of youth, to celebrate their achievements, and plan for ways to better engage young people to successfully take action in the development of their societies. The theme that the SDP has come up for this year is “YOUth as Singaporean”. The... 

Are we rich or are we bankrupt? Part 1

Are we rich or are we bankrupt? Part 1

With the Presidential Elections just weeks away and the fact that the president is supposed to act as a custodian of our financial reserves, it is amazing that the state of our reserves and hence our nation’s fiscal health is not more a subject of national debate. How these reserves are deployed has a bearing on our financial... 



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