Assuming Mrs Arroyo is re-elected in 2004, at the rate of 17% increase of indebtedness annually, simple arithmetic indicates that by the end of her term in 2010 (6 years multiplied by 17% equals 102%) the state would double its current debt. We would be allocating 80%, twice the 40% of the national budget we now pay yearly. That leaves 20% to run the government. Now with that scenario, what kind of idiot would want to be her presidential successor? That would be slim pickings indeed.
“If you can count your money you don’t have a billion dollars” --- Paul Getty billionaire
Running into debt doesn’t bother me it’s running into my creditors that’s upsetting. ─ Gus Edson
Poverty is hard but debt is horrible. — Spurgeon
Ignorance and Trust
Rewrites of Jottings: The Great Dictator
Rewrite of Jottings: Constitutional Change: Are We Ready For It?