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MABUHAY PRRD!

Saturday, November 3, 2018

LUSAW Ang utak ni Lugaw.


Ms.Maureen Rose Mejia-Villar responds and exposes:

She demanded? Someone who's much FAR WORSE in mathematics than myself is demanding government (which, ironically, she's still technically a part of - being the current VP) to explain the 7.1 Trillion national debt to the public.

Soooo, we'll give her the breakdown and hope that she understands (at least) what these numbers are:

Duterte inherited 6.4T national debt from Noynoy back in 2016.

Out of that already standing 6.4T national debt, about 2T is what Noynoy inherited from Gloria back in 2010 and the remaining 4-plus T was what Noynoy incurred as loans in the 6 loooong years he was President (because Noynoy was a 'loan addict', THAT according to a Rappler article written back in 2014. Yes, you heard me right. RAPPLER)...

4 TRILLION of loans by the previous Aquino Administration... with NOTHING in form of major infra projects to show for it. (At least, PGMA had Agas-Agas Bridge built in the mountains of Southern Leyte during her tenure as President.)
So, now our national debt stands around 7.1Trillion. Subtract 6.4Trillion from THAT number and you'll get just about 700-something Billion peso difference.

So, in the 2 years and a half of THIS current Duterte Admin, about 700 Billion has been added to our national debt... with major infrastructure projects (about 44k ongoing according to DPWH) happening all over the country simultaneously right now... including the much-needed rehabilitation of Boracay Island, which officially opened to the public again last Friday after 6 months of forced closure to tourists, locals and foreigners alike.

Again, The Duterte Admin has just added about 700-maybe nearly 800 Billion pesos to our national debt in the 2 1/2 years.

The increase could be attributed to the peso-dollar exchange rate, the interest rate, and the Build, Build, Build; etc.

If you ask me, Duterte is being a conservative regarding money matters. I heard the Old Man doesn't really like taking loans if it's not needed. Because He'd rather make do with what's already there; what our treasury already had; what funds are already available.

TIHIK, si Tatay. Dili pala-utang Ang Tigulang! Mao nay tinuod!

And, borrowing from the immortal description of Teddy Boy Locsin Jr. of Leni Robredo,she is truly an IDIOTESS!

LUSAW Ang utak ni Lugaw. As usual. We wouldn't expect otherwise.

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