True colors
| HE SAYS |
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| Aldrin Cardon |
President Aquino has outlined his budget for 2011, which he dubbed as “Tungo sa Tuwid na Paggugol,” one that he claims to be attuned to rightful spending which would be focused on transparency, accountability and good governance.
We’ve heard this before and we’re hearing it again, like the campaigns have not yet ended for Noynoy, his rhetoric remains fixed on promises of delivery of basic social services like public education and health, economic services such as infrastructure and stable and safe environment, and so on and so forth.
His Private Partnership Program (PPP), in which he gave government guarantees to investors, however was giveaway, so little would change from past policies and we cannot expect much from his campaign promises as Noynoy simply wants to survive all six years of his term by maintaining the economic status quo which serves capital and big business to the detriment of the poor.
Noynoy says government would need P1.6 trillion to keep government afloat next year. Much of the budget, however, will remain allotted to debt servicing, to the smiles of foreign creditors and lenders who would chew on nearly P850 billion chunk of the proposed budget as payment for their principal capital and interests..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20101201com4.html
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