Quote Originally Posted by IceColdBeer
Sa tingin ko oo. Yung total borrowings ni GMA are more than Cory, FVR, and Erap combined.
Another distorted & misleading notion. The Arroyo administration is paying off debts at a staggering rate... consider this:

The Arroyo regime is making the most debt payments in Philippine history – the P470 billion paid in 2003 was equivalent to 75% of NG revenue and 11% of GDP, the P542 billion payments in 2004 is equivalent to 80% of NG revenue, and the P695 billion in 2005 is equivalent to 92% of NG revenue.
The Cory, FVR & Erap administration were only spared since we are under the IMF program then (which started during Marcos' term). This has lead to a FALSE sense that it was just "business as usual" even when all hell broke out. Now that we are out of the said program (and IMF is not anymore pumping borrowed money to us), we are now feeling the effects of those borrowed money.

Quote Originally Posted by baiskee
i think... the president must do a project that is a result oriented one...hindi yung long term muna or less priority... focus muna sya in our present scenario, nawawala yung "strong republic", kaya ramdam na ramdam ng tao yung hirap kesa sa ginhawa...
That is the problem!!! Concentrating on the present scenario rather than the long term solution.

Our country's problem is rooted also in the implemented EOI (export oriented industry) practice by Marcos during the 1970s and is still being continued to be implemented today. In fact, we are putting ourselves at the mercy of foreign markets (which is slowly shifting to China and other countries) with this neoliberal approach.

We are just using the Arroyo issues as a scapegoat to the bigger problem which is an overhaul of our economy as outlined in her Strong Republic vision. The Strong Republic vision will not anymore rely on the EOI which has been in practice since the 70s and has failed. Instead, it is aimed at self-sufficiency, agriculture & small enterprise growth. We are all dreaming of being an EOI like Japan, Korea, Singapore but our conditions do not permit that.

As the saying goes... the Filipino doesn't want to take the bitter pill.