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Saturday, October 4, 2014

Putrajaya picking on hapless rakyat

The story behind the story on fuel hikes, subsidies, reductions and rationalisation.
fuel hike300KUALA LUMPUR: Raub MP, Ariff Sabri, in his latest blog posting, Government Incompetence, People Suffer, has described the ruling Barisan Nasional (BN) as burdened with the mentality of a rent-seeker and therefore having no idea how to be a productive economic agent.
“The rise in the prices of the two fuel products, RON95 and diesel, shows that it has emptied the treasury and bankrupted the government,” said Ariff. “The government can no longer sustain the spending, it cannot save, and it has no money, and has no idea how to raise revenue.”
The grim reality: the national debt burden is at an all-time high and the government has reached if not exceeded its self-imposed borrowing limit of 55 per cent of the GDP and probably reached 70 per cent. That’s without factoring in the household debt which stands at 85 per cent of the GDP.
The next best thing, the BN felt, was to pick on the hapless; those who would not be able to understand the arguments and could not speak with one voice: the ordinary rakyat . . . the path of least resistance.
The Raub MP was explaining why the BN government chose to raise, yet again, the prices of two fuel products under the guise of subsidy reduction and/or rationalisation.
“No one really understands what the government is talking about, no one knows what has happened to all the monies supposedly saved from ‘reducing subsidies’,” said Ariff. “All this is happening at a time when there’s a glut in the world market and oil prices are going down.”
Former Prime Minister Mahathir appears at the drawing board, noted Ariff, figuring out what to say to the people on behalf of the government on the fuel hikes. “Mahathir is of course smarter than the dumb asses in the government.”
The argument apparently is heading in the direction that the government is really determined to help the people “but by making them suffer more”.
“It’s only 0.20 sen, not much” is the theme being dinned into the public mind.
Ariff points out that the 0.20 sen hike in the prices of RON95 and diesel will push up the prices of other goods, and that includes the humble kangkung usually growing wild in the drains, and services.
Ariff asks why the government must take it out on ordinary folk when the problem arises from its incompetence!
“Because dear readers we have been suckered,” he writes. “They won’t carry out policies such as cutting back on wasteful spending because that would injure their interest. This is a government of the top 20 per cent, by the top 20 per cent and for the top 20 per cent.”

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