Did you know that PNoy pledge to pitch in $1B (P42.26B) from our gross international reserves to the IMF fund to help bail out the Europe economies?
Whoa! Papogi points ba ito?
As of this writing, the issue of pledging $1B continue to draw jeers and when I learned this, I was upset…I totally cannot understand why PNoy should pledge money.
This government is completely insensitive to the welfare of the masses. The $1B pledge is a slap in the Filipino people’s face that cope with the grave economic problems of unemployment, poverty, hunger, rising costs of living, suffering from disease and epidemics resulting from government’s wrong economic policies (PDP, PPPs, CCTs) and misplaced priorities such as budget cuts on social services.
Ano ba ang gustong palabasin dito ni PNoy? Na matatag ang ekonomya ng ‘Pinas?
Our foreign debt has swelled to $62.9B. We continuously pay for debt servicing.
Noong nakaraang taon, P357.1B ang ipinambayad natin sa utang panlabas. Taun-taon 30% mula sa pambansang badyet ang inilalaan para lamang ipambayad utang.
We are more in debt here! Why lend $1B when we need it? $1B can be used for public education, livelihood programs and jobs generation.
Higit kalahating siglo na nating ginagawa ito…walang katapusang pagbabayad ng utang sa IMF-WB.
We have suffered so much from the outcomes of the IMF-WB successive structural adjustment programs; it thwarted national industrialization and genuine land reform and compelled the government to implement low wages, unemployment, poverty and hunger on the Filipino people.
I really would not let PNoy pledge $1B.