YOUR ECONOMIC STIMULUS PLAN
In the Philippines, there is also a planned P100-billion economic stimulus package. P12-billion of which will come from SSS contributions, one which will bail-out the pre-need industry na bumagsak kasama na Legacy Banks and Pacific Plans. So, here is Reyna’s attempt to help you people understand the Economic Stimulus Plan using a Question and Answer (Q & A) format:
Q. What is an Economic Stimulus Plan?
A. It is money the national government will send to taxpayers via infrastructure spending and other programs.
Q. Where will the government get this money?
A. From taxpayers including taxpayers savings and retirements on SSS.
Q. So the government is giving me back my own money?
A. Kung me makarating sayo..
Q. What is the purpose of this spending?
A. The plan is to build bridges and highways so you can go to the market and the banks and buy more pre-need plans, thus stimulating the economy.
Q. But isn’t that stimulating the economic pockets of contractors owned by politicians?
A. SHUT UP!
References:
- Philippines, Singapore, Thailand: Asian Local Bond Preview
- Huwag paki-alaman ang pera ng SSS – Ellen Tordesillas
- Neri blasts critics of SSS ‘contribution’ to stimulus fund
- Solon wants freeze on pre-need plan sale
- Silver left her comments here: $819 billion economic stimulus passes the House
- Do You Agree with a Philippine Bailout?
- Government to review pre-need bailout
- Pre-need firms wouldn’t mind a bailout
- Bailout plan for workers pushed
P.S.
This entry was largely a contribution by two readers: Silver from Manila, Philippines and Bebot from Toronto, Canada. Thanks to both. Also, just so you know, we have a never-ending economic stimulus that’s really stimulating to a lot of these people.
1. Oct 2007 Bribes to Congressman and Governors
2. Hello Garci 2004 Election Cheating
3. Macapagal Blvd overpricing
4. Juetengate
5. The Euro Generals
6. Northrail Project
7. Jose Pidal Bank Account
8. Jocjoc Bolante Fertilizer scam
9. Swine scam
10. NBZ/ZTE
11. Alabang Boys Bribery Case
12. Legacy Bank’s double your money scheme
13. World bank contractor scandal
14. Pacific Plan’s pre-need
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{ 13 comments… read them below or add one }
bulsa lang nga lintek ang na-iistimulate! di ba’t kaka-increase lang nila ng pork barrel nila? grrrrrrrrrrrrrrrr! pera namin yan!
Dinah´s last blog post..Just Asking
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reynz Reply:
February 4th, 2009 at 3:44 am
they are playing with people’s retirement. worse, they are bailing out the pre-need plans na walang kinalaman ang gobyerno dyan. let them fall.
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Waaaaahhhhhhhh
*tiliing bayot*
Na-stimulate ako mother highness nung namention mo ako sa blog na itech….hahahha…..
Mabuti na lang hindi ko masyado hinuhulugan ang lintek na SSS na yan….hahhahaha…..
Pero kung gagamitin pala sa economic stimulus chorva…dapat ininform or nagkaroon ng discussion between the members and chairman Neri kung paano dadalhin ang pera..hindi yung magugulantang na lang kami na hala! ang pera natin! napunta sa wala…pasaway sila…
Seriously, I dont trust Neri dahil marami siyang questionable chorva and issues in the previous years…I think he’s not the man to be trusted with your money…
Ngar ngar..
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reynz Reply:
February 4th, 2009 at 3:43 am
di ba i told you i’d follow up on it, naku! wala pa bang nag-aalburutong SSS member? alam ba nang mga members na their retirments are in deep chorva with this plan? and i heard na-apruv na daw nang board chorvalais ang plan na to?
reynz´s last blog post..Understanding the economic stimulus plan
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Silver Reply:
February 4th, 2009 at 4:22 am
Weehehhe/….
Ako mother highness e magaalburoto na..hehhehe…
hay naku pinas…life is still life pa rin…ngar ngar…
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Silver Reply:
February 4th, 2009 at 5:48 am
Eto ang aking pag-aalburoto…
January 26 pa ako nagaalburoto…hhehehehhe…
http://daretospeakout.wordpress.com/2009/01/26/do-you-agree-with-a-philippine-bailout/
Snow Reply:
February 4th, 2009 at 11:34 am
saan pa puedeng magreklamo? hindi ba dapat tinatanong muna ni neri kung ok pakialaman ang pera naming mga SSS contributors? palibhasa hindi nila pera kaya gasta sila ng gasta. grrrr…. nawawala pagka-prim and proper ng lowla snow mo!
Snow´s last blog post..Bloggery Buzz of the Week (02.01.2009)
Silver Reply:
February 4th, 2009 at 12:55 pm
hehehe…relax lowla snow…
pa-stimulate ka na lang sa mahal na reyna…heheheh…
kaya nga wala akong tiwala sa itsura ng Neri na yan…
very very questionable siya para sa akin…har har..
reynz Reply:
February 4th, 2009 at 2:47 pm
@snow,
that’s true, retirement monies yan nang mga SSS contributors at kasali ka, dapat ang apektado nang desisyon tinatanong.
si neri pa? na ni ayaw dumakdak kung ano talaga ang nangyari sa NBN/ZTE? nakaa! wala kamo akong tiwala dyan!
reynz´s last blog post..Understanding the economic stimulus plan
Silver Reply:
February 4th, 2009 at 3:38 pm
Neri: I reserve my right to self-incrimation…
pwe! leche ka!
self-incrimination your a$$…
hahahah
Best economic stimulus na lang siguro (tama ba term ko?) is to decrease tax deductions from 2008 that is due this April 2009 for the annual reporting. Therefore allowing folks (workers/entrepreneurs) to have more money to spend for their business and family needs. At least maramdaman agad.
Janette Toral´s last blog post..How to Photoblog & Vlog from the Mobile Phone
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reynz Reply:
February 4th, 2009 at 3:42 am
i think you have it in reverse Janette, but i think i know what you meant, dapat increase the tax deductions para maliit ang tax base in turn maliit ang tax liability this april 15th
reynz´s last blog post..Understanding the economic stimulus plan
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Sa malaking halagang iyan baka kung sino-sinong mga kolokoy lang ang makikinabang. Ako’y kinakabahan baka hindi mapapakinabangan ni Juan dela Cruz iyan bilang economic stimulus fund na iyan. Sa kalakaran natin sa bansang ito, kung sino ang malapit sa palayok ay siyang unang mabibiyayaan. Una kung sino ang laging nakakapasok sa palasyo ay sila muna ang maaambonan. Manalangin tayo na huwag sana mapunta sa mga supot sa malakanyang at bitbitin ng palabas ng ilan diyang magigiting na congressmen. At nawa’y hindi mapunta sa mga blacklisted ng World Bank na kontratista. At nawa’y wala nang isa pang jocjoc na siyang magpapasasa muli na pera ng bayan. Kung may taong dapat makinabang sa pondong iyan ay ang mga mahihirap na ating mga kababayan at manggagawang katulad ko. Pondong pang-negosyo para sa maliliit nating negosyante nang magkaroon naman ng hanap buhay ang mga naapektohan ng worldwide economic resisyon na iyan.
Colegialagirl´s last blog post..Beautiful Love (Hanggang Kailan Magtitiis)
[Reply]
reynz Reply:
February 4th, 2009 at 2:48 pm
@colegiala,
batay na rin sa mga experience naten at kahit na tingnan na lang naten ang history nang mga senate investigation, listahang pagkahaba haba nang kurapsyon, pandaraya, panloloko, iisa lang ang hantunhang nang iniisip ko na mangyayari sa strategy na to. di ba?
reynz´s last blog post..Understanding the economic stimulus plan
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ewan ko ba may pre-need din ako sa loyola. pero parang okay naman kasi noong bumili ako ng plan, defined naman ang payment, ang maturity at kung magkano ang pension. It’s not much I tell you pero pinilit-pilit kasi ako ng mom ng friend ko…. Hehehehehe….
nina´s last blog post..LP – Lila, Kahel, Asul at Pula
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reynz Reply:
February 4th, 2009 at 2:49 pm
pre-need is essentially utang nila seyo, at you advanced the money, in return, trust na pagdating nang panahon, susundin nila ang promise na yon.
eto ang mahirap.
TRUST.
reynz´s last blog post..Understanding the economic stimulus plan
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Maglalabas na naman ng malaking pera… nakakatakot na naman yan, baka kung saan mapunta. Malapit pa naman ang 2010 election hehe.
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reynz Reply:
February 4th, 2009 at 2:50 pm
good point Aldrin! “2010 Elections” hahaha
reynz´s last blog post..Understanding the economic stimulus plan
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very stimulating indeed!
(ano daw?)
heto lang ang naiintindihan ko…
“Kung makakarating sa ‘yo!”
hahaha! how true tsk!
Roy´s last blog post..Euthanasia, is it really a choice?
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reynz Reply:
February 4th, 2009 at 2:50 pm
hahahaha! sa todong komisyon nang mga THIRD PARTIES, baka utang pa pambayad sa komisyon kamo! hahaha
reynz´s last blog post..Understanding the economic stimulus plan
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Wow………..money……money …..money………oks lang kung talagang tutulungan ang mga citizens to cope up with the current and comming situation……………remember the track record of this leadership……….I doubt………….The only stimulation they want is the cha-cha that can extend their reign……..or for the party funds for the year 2010…………I’m sure the congressmen will say that this plan will lessen the impact of the crisis to the peaple………..As if concerned ang mga magnanakaw na yan sa mga constituent nila………………………………..sa kanila din padadaanin ang mga perang yan……………………God help us…………I have an educational plan CAP not a single cent……………wala din nakulong………….pag naaalala ko yang educ. plan na yan napapamura talaga ako…………………Pu#*- in& Ny@*+
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reynz Reply:
February 4th, 2009 at 2:51 pm
naku! exactly what i said above which was my sagot ko ki snow.. “track record” – track record nang pagnanakaw.
reynz´s last blog post..Understanding the economic stimulus plan
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Huwat? Ipambabayad nila ang SSS contributions ko! I personally don’t like it!
Snow´s last blog post..Bloggery Buzz of the Week (02.01.2009)
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reynz Reply:
February 4th, 2009 at 2:52 pm
yes honey! kaya ngayon pa lang – salamat sa contribution mo pam-bail-out sa mga katarantaduhan nang mga ayofff na yan. hmpt! nakaka-high blad kamo!
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Question lang in regards sa SSS contributions:
Pwede bang i-withdraw lahat yun para di pakialamanan nina Neri yun???
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reynz Reply:
February 4th, 2009 at 2:53 pm
malakas ang kutob kong di ka papayagan. why? pam-bail out yan sa mga katarantaduhan nang mga mokong na yan. hmpt!
reynz´s last blog post..Understanding the economic stimulus plan
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Silver Reply:
February 4th, 2009 at 3:39 pm
Ampotek naman,…..
har har
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buti na lang pinatigil na akong pahulugin ng aking dear sister sa
SSS na iyan….kung may ten years ka raw na contribution tama naraw iyun…..kaya pala pakiki-alaman lang ng mga buwitreng buwaya ang pera ng bayan!!!!………..talaga nga naman …..wala silang kasiyahan sa pangungurakot!!!mga BWEEEESHIT !!!!!!
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reynz Reply:
February 4th, 2009 at 5:02 pm
pati contribusyon ko sa bwisit na SSS na yan nasayang lang! kukurakutin din lang pala! grrr
reynz´s last blog post..Reynz winter solstice
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ganon rin yata yung stimulus na ipapatupad rito in the soon future no?
Mahalia´s last blog post..Rethinking Dating Services: Online and Offline
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reynz Reply:
February 4th, 2009 at 5:02 pm
yeap! trulala!
reynz´s last blog post..Reynz winter solstice
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niluto na naman tayo sa sariling mantika, at yong mantika ginamit na ng makailang ulit sa piniritong isda
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Silver Reply:
February 5th, 2009 at 8:01 am
Second the motion ako kay ICM…
In other words, maantang mantika na ang kinapriprituhan natin…
Nakakainis…
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