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...
Will Minister Lui Teck Yew be joining MP Raymond Lim in the back?
It was not too long ago that the yandao below was a mighty PAP Minister. After GE 2011, he was dropped from Cabinet and now has to sit at the back. The reason for his fall from grace was because of voter anger over the transport system in Singapore. In particular, Singaporeans were pissed with public transport. The survey by...
Extra Egg In Their Kway Teow
Without supporting hands, can he stand on his own two feet? Looks like he used up his list of apologies. The statement from the Prime Minister's Office simply confirmed what was reported by netizens: Although he is now officially a lower ranking ordinary member of parliament, Lee Kuan Yew continues to enjoy the perks...
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