National Debt

[FK]

---

^^that is mere speculation also..if they have evidence for that then maybe GMA is already detained right now next to Erap..

and I thought you knew that GMA has so many supporters in congress?

unlike in Erap's case, there were really physical evidencies like money trails and witnesses..etc which prompted the court to issue a non-bailable arrest warrant on his name...nya makaluluoy gani to iyaha mugshot remember?

i remember bai... but i think you have not remembered something... ERAP was arrested after he step down... GMA case has also money trail and witnesses... that's why the congressmen focused mainly on technicalities because when it will come to presentation of evidences, they will find it hard to find a way to junk the impeachment for lack of merit. You are just made to believe that there are none...

IMO one of the reason why GMA don't want to step down is because she is afraid she would be like ERAP.

[tolstoi]

^^nyahaha..cgi cgi sayop na gud ko sa ako kwentada...pero maayo nalang makuhaan ang utang nato kung ibayad ang na plunder ni Erap diba?..

anyway here's the real score regarding our external debt:

................................

In the pre-privatization period (1970s – 1980s), the US Export-Import Bank, an ECA of the United States of America, prodded the Philippine government to undertake a costly nuclear power project – the Bataan Nuclear Power Plant (BNPP). The plant later became a white elephant due to technical, environmental, and corruption issues surrounding the project.

The BNPP project contributed to the debt crisis in the Philippines. In 1970, the Philippine debt was only $1.6 B. This amount rose to $17.4 B in 1980. After a decade, the amount rose again to $86.6 B largely due to the National Government’s assumption of debts of the government-owned and controlled corporations including the National Power Corporation’s (Napocor) debt from the BNPP project.

http://jubileesouth.org/news/EpZyVyuAVlSMRrFluL.shtml

how i wish MACOY was instead buried in the Bataan Nuclear Power Plant and not in the libingan ng mga bayani..

[FK]

^^nyahaha..cgi cgi sayop na gud ko sa ako kwentada...pero maayo nalang makuhaan ang utang nato kung ibayad ang na plunder ni Erap diba?..

yup... pero samot na jud og ka gamay ang utang kong wala pa to gi-gasto ni GMA for personal gains.

[tolstoi]

and I thought you knew that GMA has so many supporters in congress?

and this so called supporters were elected congressmen who represent the people of their district.logically bai..

Congressmen were elected by people
But These congressmen [majority] supports GMA
Ergo MAJORITY of the people supports GMA

this is how democracy works bai :mrgreen:

[FK]

Congressmen were elected by people
But These congressmen [majority] supports GMA
Ergo MAJORITY of the people supports GMA

Or they claim? Majority of this congressmen go where the money is.

[Moshi Moshi]

While it is impossible to pay our debt, the Government allows Foreign Companies to ransacked our Natural Resources with Full Access to all mine sites. Not only full access granted, they now own these mines. Foreign Companies Owns Philippine Natural Treasures?

Shallow this, they only give back 1 percent of the gross revenue as royalty fee to the community.

God Save the Philippines.

[darkwing]

While it is impossible to pay our debt, the Government allows Foreign Companies to ransacked our Natural Resources with Full Access to all mine sites. Not only full access granted, they now own these mines. Foreign Companies Owns Philippine Natural Treasures?

Shallow this, they only give back 1 percent of the gross revenue as royalty fee to the community.

God Save the Philippines.

saunz walay willing mo invest man gud.... its pure crap ngano 1 percent, btw naa ka news source ani??

[glenn]

^^at least kang ERAP naa gyuy money trail.

[color=Red] Was that also proven?..........I'm not defending Erap ha.......I'm just asking.....[/color]

[glenn]

While it is impossible to pay our debt, the Government allows Foreign Companies to ransacked our Natural Resources with Full Access to all mine sites. Not only full access granted, they now own these mines. Foreign Companies Owns Philippine Natural Treasures?

Shallow this, they only give back 1 percent of the gross revenue as royalty fee to the community.

God Save the Philippines.

[color=Red]Naa pud na silay VAT?[/color]

[darkwing]

kung naa sila VAT 10% unta dili 1%....