The public purse: Empty of cash but full of debts
One particular sinister expertise of the previous administration was how to spend and disburse public funds with neither care nor remorse — and how to incur public debts without reserve or concern. On the one hand, it nonchalantly made payments to gain and stay in power. It lavishly spent for local non-events and luxurious foreign travels. On the other hand, it borrowed money like a drunk, incurred debts upon debts without any guilt or regret. As its infamous and shameless legacy, it left a public purse that is empty of cash but full of debts. And how! This is exactly why the present administration has no rational option but most probably to do the following — among other consonant agenda: One, extirpate all graft and corrupt practices in government, and apply the full force of the law to their principals and agents. Two, pay special attention to the doings of the Bureau of Internal Revenue, the workings of Bureau of Customs, the operation of the Department of Public Works and Highways plus the conduct of all government owned corporations..... MORE Source: The Daily Tribune URL: http://www.tribuneonline.org/commentary/20100725com7.html |
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