QUOTE(Damocles @ Mar 17 2013, 07:23 PM)
The following quote said it all!
“Tell me, which UMNO leader does not have problem?"
- end of quote
Remember who said this?
They are all in the same boat and has each others' balls and nuts in their hands!
So, nobody dare to rock the boat!!!!
And this will go on ad infinitum; Joe Public will be the suckers!!!
Until, of course, they are booted out by PR!!!
That's why it's imperative that PR must go all out to grab Putrajaya!!!!!!!!!!
Minimum feedback
These details signal an alarming trend.
Decisive action is required to safeguard Malaysia's development potential and forestall a crisis situation such as in Greece.
In line with public interest, therefore, and as a first step towards democratising the management of government finances, we, the undersigned, call upon the BN and Pakatan Rakyat, the main contenders for government in the 13th general election, to openly lay out detailed policy positions on how they intend to manage the nation's finances.
In their policy briefs on national finance and debt, the two political coalitions must provide the following minimum feedback:
1. Justify the projections for the borrowings that they anticipate making in the coming five years under their respective watch;
2. Spell out plans for tackling fiscal deficits and ballooning government and household debts;
3. Explain how their election manifesto promises on government spending will be consistent with sustainable debt and resource management;
4. Declare their commitment to investigating illegal financial outflows and repatriating these monies as prescribed by the United Nations Convention against Corruption;
5. State explicitly whether they will support the foundations of public transparency and accountability in our national finances by:
- establishing a continuously updated 'debt register' that will be publicly available on the Internet, which records the stock of debts, the sources of these debts, interest/dividend payments made on these and details of the uses made of these borrowings;
- establishing a multi-partisan parliamentary committee for debt oversight and approval;
- holding public fora and referenda on spending or debt decisions of great import; and
- other possible measures.
We urge the two major political coalitions to produce their national finance and debt policy briefs focusing on the proposals set out as soon as possible.
The voters deserve to go to the voting booths with better knowledge of what to expect in the management of Malaysia’s finance and debts from the new government in power.