Expanded VAT again (Nov 1, 2005 implementation)

[creepy]

these int'l community dont use their imagination eh, we are abundant in people resources. make use of that instead of killing us -> starving us to death!

The EVAT is a choice made by the govt and NOT the international community. If we (the Philippines) can generate the revenues from some other means without (as you say) "starving" us to death, then why not? Everyone would be happy - the govt, the creditors, the people, etc... Bakit naman ayaw ng gobyerno na gawin 'to? (mas magiging pogi pa sila sa taong bayan at hindi pa sila mumurahin)

All we need to show is that we can credibly pay our debts, whatever way we can. For example, when I lend you money, I'd like to find out how you can pay me. You can do it however you choose -- e.g., get an extra job, sell your cellphone, cut down your expense -- but you need to show me you can pay. If you tell me you're going to pay me not by working (or saving) but by winning the lotto, I'd probably not lend you the money.