The gd news that it won’t work.
But let’s begin with the message.
In the 1999 science fiction film “Matrix”, the Matrix is a simulated world created by machines to keep humans complacent. In S’pore today, is the PAP is trying to receate a Matrix here to lull us into complacency: things can only get better under cont’d hegemony the PAP? This tot crossed my mind when I read this CNA report. My comments are interspersed
Singapore’s economy grew 3.5 per cent in the first half of the year, bringing the growth forecast for the rest of the year to between 2.5 and 3.5 per cent. That is narrower than the forecast by the Trade and Industry Ministry in February this year of between 2 and 4 per cent. Prime Minister Lee Hsien Loong said this in his National Day Message on Friday (Aug 8) ahead of Singapore’s 49th birthday. [Growth for the full year will be below last year's 4.1%: at best growth be 15% lower than last yr.]
… Mr Lee outlined some priorities for the country, including giving Singaporeans greater peace of mind in their retirement years and helping everyone achieve their potential, regardless of their family background or circumstances. Ahead of his National Day Rally, Mr Lee also hinted at several policy changes to come.
In enhancing retirement adequacy, Mr Lee said his team is studying how to make it more convenient for retirees to get cash out of their flats, in a prudent and sustainable way. Currently there is the Lease Buy back scheme. It is a monetization option to help low-income elderly households unlock part of their housing equity, and receive a lifelong income stream to supplement their retirement income. Response to the scheme though has been somewhat lukewarm, with just over 300 households signing up for it since it was enhanced in February last year. [Well it's pretty mean.]
The Prime Minister will also talk about ways the Central Provident Fund system could be improved at the National Day Rally in a week’s time. [It doesn’t need tweaking, it needs to be retot. Mad Dog Chee is right to say that retirement has to be delinked from housing and healthcare: CPF puts these three issues into one pot.
“Stronger safety nets are not just to give you peace of mind, but also to build confidence to hope and dare,” said Mr Lee. “Our system will help you shoot for the stars. Everyone will have full opportunities to fulfil your potential, regardless of your family background or circumstances.” [Believe this and you believe that the the PAP is socialist or that the moon is made of green cheese.]
Mr Lee said education is a big part of achieving this. To that end, a committee tasked with reviewing polytechnic and Institute of Technical Education studies is expected to announce its recommendations to help young Singaporeans acquire the relevant skills, to succeed in a constantly changing, economic environment. [Juz let more people who can meet the standards get in the local unis. And don’t suppress the pay of skilled technicians like plumbers and electricians. And don’t import FTs by the A380 cattle class.
“You are talented, passionate and confident. You deserve to chase your dreams and be the best you can be. The academic route is not the only way up. We will also help you upgrade yourselves while you work. We will help you master specialised skills, and earn advanced qualifications as you progress in your careers,” said Mr Lee. [Why love FTs meh if Singkies so good? Why have to spur S'poreans?]
But Mr Lee said this is also a matter of social values: “As Singaporeans, we must judge a person not just by his educational qualifications but also by his skills, contributions and character. This is how we keep Singapore a land of hope and opportunity for all.” [Give me a break. Scholars get all the best jobs. ]
He added Singapore will succeed, only if its citizens stand together as one united people. There was a rallying call by the Prime Minister for Singaporeans to come together despite their differences and to uphold the spirit of the Pioneers who built this country. … said Singapore has changed, so there also needs to be a reassessment of its position, direction and strategies. Err, what about rethinking the need for PAP hegemony? And the emphasis on the “right” tots.The problem is very existence of Hard Truths: Tony Blair last month said “A Changing world means changing policies and a changed party.”]
… even as Singapore has made strong progress since independence, it has not reached its limit. As the country turns 50 next year, Mr Lee observed that many Singaporeans intend to embrace and mark the special occasion in their own ways. [Migrating?]
He said it is this collective sense of ownership and belonging, that will take this country forward, in a changing world. collective [Sense of ownership and belonging? What sense of ownership and belonging?]
The gd news that that it’s difficult to make us complacent is because the govt is always making too conservative and unreasonable assumptions when it comes to “safety net” issues . Take CPF Life; S’poreans “invested” in CPF life bear the risk of fund going bust.while knowing little of its inner workings. And Medishield is starting to look too expensive with reserves of 200%. this means higher than optimal (for us) premiums.
Oh btw, Ang Yong Guan (remember him?) on Facebook recently said govt’s “share on health is 35% and the Health Minister intends to bring it to 40%. That means our OOP (out of pocket) is 60%. That’s still high for citizens. It should be the other round 60-40% and not 40-60%. 4% of GDP on health and they are damn proud of it. For health, they can go higher than that.”
He is right.