CitiNews: The Disappointing Ang Pow

[citiguy]

There was much anticipation about the budget that was unveiled by the Government this afternoon. If you had anticipated a big ang pow from the Government, you would be sorely disappointed. While the budget was, in a way, shaped to help businesses pull through the difficult times, i felt it was a very lacklustre effort be it on a personal level or

Comments

[anonymous]

Singapore is in need a stimulus packag and if we need to go into deficit or to dig into reserves, then so be it. It is Keynesian economics 101. As Nobel prize winner Paul Krugman has put it, the crisis today is the mother of all crisis

[citiguy]

Very true indeed. Dip into reserves? Well, if we didn't make so much losses in our so called clever investment in citibank, ML, etc, would we need to dig into our deep pockets?

A cut would definitely help the poors and the businesses. However, our Government think studies and upgrading is better. Yes, even though you can't put food on the table, they still want you to go for studies.