Rizal Philippines
August 12, 2018
There are many signs on the wall that signals rough sailing for the approval of charter change for Federalism
No less than the allies of the administration, Sen Lacson openly declared that the said idea is about to cremated. (He later said that it has become ashes)
From GMA news. Cha2 for federalism about to be cremated at Senate
The two top economic managers Sec. Dominguez and Pernia expressed concerns about the huge budget deficit that will be incurred resulting in down grade of PHL credit rating, causing increase in borrowing costs.
From PDI - Moody's - shift to ffederalism downside for PHL economy
The surveys also show that many of those surveyed do not favor federalism.
Many are also critical of the contents of the proposed charter change, including the prohibition regarding its amendment (in case there was a mistake or a failure)
No doubt the administration will leave no stone unturned, expenditures will not be and issue and all means to get this thing pushed passed.
Another political experiment, where at the end of the day, the majority of people suffer and not thought of repairs are thought of as in the TRAIN law. The law which was purportedly to benefit many due to higher tax exemption, resulted in price increase (inflation) officially pegged at nearly 6% But in reality, prices of say rice, fish, and meat resulted in 100% price increase. Ano nangyari.?
This will call for wage increases which will result again in increase of prices. And the vicious spiral continue
With regards to excise tax on fuel (you only impose that on luxury and harmful substances right and fuel is a necessity) resulted in an environment of high fuel prices. And then subsidy is being made to jeepney drivers. What is the whole point? Sana wala nang excise tax sa fuel...
