PAP Government has a ‘blank cheque’ to pull money out of reserves
How would you feel if I told you, there's a 100% legal way that the PAP government have set up to enable government spending of Singapore's accumulated reserves? You think any draw down on historical reserves requires presidential approval? Actually not! "Draw down" has a specific legal meaning, and guess what, when you're...
MICA’s Response Fails to Reassure
A few days back there was a comment posted on my blog by @Lengyiren drawing my attention to a posting on www.gov.sg saying that the government had rebutted my claims about the reserves. The link to the so-called rebuttal is http://www.gov.sg/government/web/content/govsg/classic/factually/factually-041012-istheresomethingwrongwithourreserves. This...
More Social Spending Necesitates Substantial Rises in Taxes?
Straw Men and Paradigms: A Response to Alex Au’s Recent Article In a debate one tactic which often works is to ascribe to your opponent a position that he does not hold, which is easy to refute, and then demolish that. Or else to quote his arguments out of context or associate him with a group who superficially might...
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- Caoliangoh on Pakistan to nuke Israel if…
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