Are the budget keepers, the financial wizards in the govt, the chief and his cabinet, leading us into financial blackhole where there is no escape?

It is more fun criticizing

                                                        Mural of the ideal leaders

                                                               Zaldy Co now in hiding

                                            BSP sold 25 tons of gold one of the largest sale

                                             Most Central Banks are now hoarding gold

                                  Usec Cabral of DPWH, first lady top exec at DPWH a Doctorate grad

                                      Chairperson of Commitee on Appropiations Mikaela Suansing

                                                     a Harvard grad  top Congress dog on budgetting

Of late, this post is worried about the following confirmed news:   1.  ballooning country's debt rising into  unprecedented  amount and breaching the safe debt to GDP ratio (rising spectacularly even in 2025 only

2.  Wholesale plunder in the flood control anomaly amounting to billions (supported by stories from cohorts and even drivers and transporters of the cash hoard.)

What is heartbreaking is that this was alleged to be perpetrated by the best minds of the country (one  of whom graduated from Ivy League School in USA with masters)?  I even have a classmate (maybe he could not say no to offend the Chief) who could be a party to the sale of the country;s gold

If only the trillions borrowed were used in financing key industries that would propel the country's jump into middle income status? Or saving more PHP in govt operations.  If only  processsess were automated to blunt corruption.    If only we invested in more gold and US treasuries or engaged in Yen Carry trade;   if only we had hedged the funds?

But no they were used to finance ghost projects (never was built or existed) half completed projects  or projects that failed (multi million bridge that collapsed) on mere two "overloaded trucks passsing"  We poured money into blackholes, abyss!!

Just to think that trillions were financed by:    1.  selling the country's gold when gold was still in the low $2,000,  2.  shifting funds from Philhealth   PDIC and other GOCC. 3.  Massive/trillion of debt in a matter of year - both from foreign and domestic lenders.    We are hocked for over P100,000++ and our children.   Will the pludnerers worry how we can pay this massive debt from whence the loot came from?

We should be more careful in placing relatives of crooks to be our leaders and caretakers

  Who engineered thus scheme that in the corporate world would be termed as malversation (even at the middle level of govt under COA rules)?   and merit outright dismissal/termination?  Are they not even getting a whack on the head?  But they are still here and even promoted!!!!??

Possible complications in the war vs drug

It is more fun criticizing

Rizal Philippines
October 15, 2016

Before the war on drugs started, we have heard horror stories about police, prosecutor, and even judges making hay on drug cases.   (Why there were members of the judiciary involved) Now there are so many cases, the anomalies could be more.

It is sad that people die from the encounter;  those who live may have more horror stories with regards to bails, allowing posting of bails. etc.

It is hope that corruption in this petty cases have been eliminated and that there more honest cops, prosecutors and judges.

Are our honorable solons exceeding the limits of their authority in their hearing by conducting judicial and police work?

It is more fun criticizing

Philippines April 7, 2016

The post would like to advance comments regarding the actions of our distinguished Senators on the Bangladesh heist:

1.  That they had declared the account as fictitious violates the law on  bank secrecy.  All that they need is to seek a court order (the law says upon order of a competent court which it is not)

2.  What is the business of Sen Aquino doing a dick work at LTO?

Are these grandstanding work, height of egotism on the part of the Senators/

3. That there were indications that Ambassador Gomes of Bangladesh got the message from the Senate has promised that he will get the money back.  Did they?  Are the Senators now doing police stolen goods recovery work?

4. The good ambassador must be censured for criticizing the due process that must be done, the legalities before hie can get the money back (at least the $4.6)  Will the AMLC, and it si not clear, or the Senate conduct forfeiture proceedings vs RCBC to recover the stolen money from them.  This is sending ripples to the banking and depositing community and are running away from RCBC;  kaawa awa naman ang good nen and women at RCBC

The Impachment Proceedings Should be Circumspect

Filosofo Tasio Lives

I hope that the Congress and Senate, being collegial body should now be circumspect in studying the impeachment vs the CJ of SC.  If you read the manifesto of members of the judiciary, you and I must agree that CJ should not be tried for the decisions made were collegial in nature.  CJ, RC can not be singled out.  That is why the followers of CJ are viewing that the current impeachment proceedings are levelled against a co equal branch of the government.

I hope justice and sanity prevail.

Judges and the Rest of Judiciary Throws in Support Behind SC CJ Renato Corona

Filosofo Tasio Lives

Despite the declaration of Malacanang that it is not fighting the judicial branch of government, two sepaerate l/2 paid advertisements from judges and the judiciary came out in leading daily manifesting support for the Chief Justice.  It is expected that in this country, majority rules;  plebiscite or petitions can sway judgements and facts.  (Like an opinion when repeated so often becomes a fact?)

Whatever is the outcome of this crisis, this blog wishes that:    l.  dispensation of justice shall be faster, 2.  that Eraps accusation vs criminals in robes is not true;   3.  that there will be more maturity in handling difficulties by the executive branch with the judiciary.

They often say, you cant fight City Hall.  Well, the executive branch thinks it can slug it out with the judiciary.  A mature president, using Sun Tzu strategem, would have used the alliance of the judiciary in some other subtle way to get what he wants.  Well, this needs political savvy and maturity. We are not war, and obviously, force is sometimes applied in handling this conflict.

They say that if you are an opposition in Congress, sooner or later, you will have to side with the majority/administration because the executive, DBM has the control over the budget and disbursement of the CDF. But the current tactics are less than subtle and subdued.