Massive scale corruption exposed/unfolding

[Monseratto]

OT

Saw that Mar's video directing traffic in commonwealth.
Parang publicity stunt lang. Trying hard ang dating.....He-he!

To be fair, that video was made 2009...

[Monseratto]

Guess who's gonna pay for free handouts... though the goverment has already allocated 6 billion conditional cash transfer (CCT) in the national budget.

Palace defends USD400M World Bank loan

By Jorge Carino, ABS-CBN News
Posted at 08/07/2014 9:38 AM | Updated as of 08/07/2014 9:38 AM
MANILA - Malacanang defended Wednesday the Aquino administration's $400 million loan from World Bank to fund the conditional cash transfer (CCT) or Pantawid Pamilyang Pilipino Program (4Ps).

Presidential Spokesperson Edwin Lacierda said the loan has given the Aquino administration much-needed elbow room to push economic reforms, not just for the CCT.

"So this doesn't limit itself to just the CCT. Because of the fiscal space, the prudent fiscal management of the country, we’re able to do a lot of poverty interven[tion]—anti-poverty interventions. And for that particular reason, we’re able to lift up the concern—lift up the welfare of the poorest of the poor," he said.

Lacierda said the Aquino administration's fight against poverty is an ongoing process and will not finish in 2016.

"Our resolve to ensuring that we spend the money wisely, we spend on things that needed to be spent on, on social programs," he said.

The loan, payable until 2035, was given a red flag by critics.

Freedom from Debt Coalition (FDC) executive director Milo Tanchuling said in a news article written by the Philippine Center for Investigative Journalism (PCIJ) that poor Filipinos in the future will be the ones who will carry the burden of paying off this debt.

FDC believes it would be better if the CCT relied on locally sourced funds.

But Lacierda believes that the loan has given the Aquino Administration fiscal space.

"That’s the reason why we’re able to do what we’re doing right now. We’re in a capa[city]… We’re in a position to provide all these concerns, provide all these needs because we have the fiscal space. We have ratings upgrade, which allowed us to borrow at concessional rates, at preferential rates," he said.

[macsd]

Guess who's gonna pay for free handouts... though the goverment has already allocated 6 billion conditional cash transfer (CCT) in the national budget.

Palace defends USD400M World Bank loan

By Jorge Carino, ABS-CBN News
Posted at 08/07/2014 9:38 AM | Updated as of 08/07/2014 9:38 AM
MANILA - Malacanang defended Wednesday the Aquino administration's $400 million loan from World Bank to fund the conditional cash transfer (CCT) or Pantawid Pamilyang Pilipino Program (4Ps).

Presidential Spokesperson Edwin Lacierda said the loan has given the Aquino administration much-needed elbow room to push economic reforms, not just for the CCT.

"So this doesn't limit itself to just the CCT. Because of the fiscal space, the prudent fiscal management of the country, we’re able to do a lot of poverty interven[tion]—anti-poverty interventions. And for that particular reason, we’re able to lift up the concern—lift up the welfare of the poorest of the poor," he said.

Lacierda said the Aquino administration's fight against poverty is an ongoing process and will not finish in 2016.

"Our resolve to ensuring that we spend the money wisely, we spend on things that needed to be spent on, on social programs," he said.

The loan, payable until 2035, was given a red flag by critics.

Freedom from Debt Coalition (FDC) executive director Milo Tanchuling said in a news article written by the Philippine Center for Investigative Journalism (PCIJ) that poor Filipinos in the future will be the ones who will carry the burden of paying off this debt.

FDC believes it would be better if the CCT relied on locally sourced funds.

But Lacierda believes that the loan has given the Aquino Administration fiscal space.

"That’s the reason why we’re able to do what we’re doing right now. We’re in a capa[city]… We’re in a position to provide all these concerns, provide all these needs because we have the fiscal space. We have ratings upgrade, which allowed us to borrow at concessional rates, at preferential rates," he said.

This is the mother of all fack up. Where in heaven did they get their kapal ng mukha na mangutang para lang ipamigay as dole outs sa CCP. Potang Amoy na gobierno ito, bakit hindi yung mga pagaari nila ang ipamigay nila instead of making every Juan Dela Cruz pay more this foreign loan.

The answer is simple, CCP is beyond audit, madaling kurakutin. Magpirmahan lang parang vote buying lang. Can this mader facking government show any CCP recipient that their lives has improved at the end of Abnoy's term. Facking no one yet, we end up magbayad ng utang na kagaguhan ng administration kalbo. This administration is tax and loan left & right in disguise of economic growth but at the end it's term, the national treasury is empty.

This mader facking administration cannot even help in national calamities, yet they create more problems like the port congestion, power crisis, prices increases. Kalbo and his lap dogs keep claiming daan matuwid but who was proven guilty of corruption until to date??? They have no right to claim on the 3 monkeys, JLN et al as that is a result of kidnapping case turn sour spilling into PDAF. If not for the kidnapping case, everyone in congress would have continue dipping into pdaf & dap people's money into their own pocket.

If their's anything this administration is to claim, is to fack every juan dela cruz of this country into debt burden.