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4/21/2011

Who is raiding our reserves?

Worker’s Party wants to reduce the cost of public housing and is accused of trying to raid the reserves. When Chiam See Tong asked for a chicken wing for the people he was accused of trying to kill the golden goose. Now the people not only have a chicken wing, some have two chicken wings, and some two chicken wings plus two drumsticks. Who is feeding our reserves and who is raiding the reserves?

14 comments:

Anonymous said...

As a matter of fact, the self-serving party is the one raiding our reserves by paying herself obscence salary while Singaporeans are trying hard to put food on the table.

Vote for Change because it is long overdue!!

Anonymous said...

How can? With three keys held by them, who can raid the reserves? They said that with three keys, the reserves are as safe as in Fort Knox. Only thing is nobody knows what is left in Fort Know now.

Reserves are meant for investing worldwide and covering the losses on the international scene, not to help low down lesser mortals.

Yeah, vote for change. It is time!

Matilah_Singapura said...

Because it is public housing and built by openly gaming the people, I would totally approve of using the national reserves to ease the personal cost of housing.

In fact, all that money should be given back to the people. $200bil (approx) of reserves is way too much. Australia, a more populous and far larger cuntry has only around $40 -- still way too much.

S'pores GDP is 200 billion, Aust is 1.1 trillion. S'pore has about 100% GDP in reserve and Aust has a mere fraction -- with no adverse effect on the people. As a cuntry, Aust is doing a-ok.

Therefore using the reserves to pay for housing: Matilah gives 100% approval.

You can look at it as 'socialism'. I look on it as 'returning stolen goods'.

notanotherspinstory said...

PAP has been hoarding the reserves and robbing Singaporeans of their birthright to affordable homes.

What kind of government is this? Devoid of conscience.

Tell them to FUCK OFF we don't need their stupid upgrading fluff projects. We need affordable HDB for our children.

Anonymous said...

PAP government has been for years acquiring citizens land practically for free.. They should openly disclose the price they paid for the lands acquired rather than couch in meaningless rhetoric to confuse the fact that PAP has been selling to citizens sky high rocket prices for HDB flats and the government has been earning very high exhorbitant profits to the self gratifying benefits of PAP ministers and MPs who pay themselves very high obscene salaries which is tantamount to raiding the reserves.

Please, Singaporeans we need to dethrone the PAP on polling day to maintain and preserve our dignity and self respect and not let PAP think we citizens are darn dumb fools with no brains.

Anonymous said...

做贼喊抓贼!

Anonymous said...

Who cares about the reserves? Not me.

If the reserves are not meant to benefit citizens, why should they be of concern to us. They hold it, they do what they like with it, they invested and lost billions of it and we are not even allowed to ask for accountability.

So, should we really care? They always bring up the scare that if anyone else comes into power, the reserves may be gone. That is just one of the many myths used by them to hold on to power.

They have succeeded beyond imagination, so far. But the myths are unraveling, one by one as people get wiser.

Anonymous said...

Hehe....

the people in Sin are in sins of daylight robberies AND for daylight robberies accepted as a normalcy by the Citizenry.

patriot

notanotherspinstory said...

The thieves are accusing the citizens of raiding the reserves. Irony...

Anonymous said...

Since HDB is just a rental flat that we have to "buy" from HDB (you are only lessee and HDB is the owner even if you pay in full for the flat), you don't get to enjoy the huge inflation of the flat prices. Unless you sell the flat and give up citizenship or stay in a dumpster, then you get to pocket the profit. Else, with the price you sell, you need to get bigger loan to service an even more expensive house as prices of house and everything rises. So the policy of inflating the prices of flats will only benefit PRs who at the end of the day will withdraw their CPF and cash in on the $ from sale of flat and go somewhere with better opportunities or return to their hometown a millionaire..

Anonymous said...

Reserves? What reserves? Where are the reserves, in which bank, how much is it by now. There's no transparency and the reserves issue has been something of a "secret" since day 1 that I understand politics. So what's the point of talking about reserves when it is not transparent and nobody even have a clue about the secretive Reserve. This "Reserve" word is just the greatest joke of the century for the daft.

Anonymous said...

That joker holding the third key was supposed to find out the total worth of GIC/Temasek.

What is the outcome?

Chua Chin Leng aka redbean said...

Higher asset value is good for speculators and people who sell and move out of Sin. For the majority of the citizens who have no choice but to live in the only flat they have for a life time, it means paying more and more property tax.

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