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Friday, August 12, 2022

Are we turning into a welfare state

It is more fun criticizing

There are simply too many laws being passed as "ayuda" subsidy, salary increases that one wonders how these can be funded.  The answer was made clear as Duterte left his tenure leaving behind twice the level of debt as when he came in.

This was the reason why Sri Lanka and Venenzuela ended in hyper inflation as in Venenzuela, and bankruptcy in the case of Sri Lanka.   And the ensuing political and social  undrest.

This post hopes the legislature and the economic team become circumspect in leading the country towards fiscal and economic stability