Originally posted by kenhor:
[b]as a shrewd businessman, the solution to your problem is to disband the armed forces. So what to do with our SGD 5 billion dollors? How about spend SGD1 billion as protection money for the US 7th fleet, so they permanently station their troops here to protect us, as for the rest of the SGD 4 billion, will be offered as bonus so each of us can get SGD1000, moreover no NS liabilities
Haiya . no need to be so big time reaction one . All I am asking and saying is to question our overspending on the military. Noo need to drastically offer our backside for the USA to poke.
We have to learn to question what our government spend on and make them justify it .. good times are not coming (although the govt promised more good years during GE2001)
Don't you all prefer to argue against some clueless 9 year old Malaysian kid rather than me! Easier to bash him right!
[/b]
I questions your position of the SAF being overfunded... on wat basis do you make such a claim??
is this your personal opinion??
For those of you who think defense is high simply because its base on percentage per GDP... i think you are all pretty wrong...
GDP stands for Gross domestic product... aka... all the goods and services produced within the a nation's border irreguardless of who really owns the profit... either foreign or local...
The better measurement should be however base on GNP... which is gross national product... aka... all the money made by SINGAPOREANS only... excluding money that will leave singapore as remitance because its gained from foreign investor's investment...
I ask... isnt it right to base defense spending on GNP rather then GDP simply because the money spend on defense is aimed at protecting singaporeans and its generally money earned by singaporeans....
Based on the above point... malaysia defense spending based on GNP is acutally higher at approx 5 to 6 percent of their GNP... this is becuase much of their GDP (as high as 50 percent) dont belong to malaysians...
On the other hand... singapore defense spending base on GNP is actually less then 4 percent of GNP... this is because... alot of our money are gained from overseas investments...
SO.... in real fact... malaysia spends far more on defense from their available resources compare to singapore which actually spends less despite the figure being higher...
the reasons for the descrepancies is due to the fact that in malaysia their GDP is higher then their GNP (as much as 100 percent higher) while singapore GDP is lower then our GNP...
therefore... it would seems to me... that the MAF is overspending while SAF does not appears to be so if using MAF as comparison...
lastly... about spending on economics... such a policy is termed fiscal measures where govt attempts to prop up local economy by spending huge sums largely on infrastructure and also through susidies... THESE methods cannot work in singapore... because our economy is O P E N.... as such... the money spend thrown into singapore economy would actually ends up in foreigners pocket because our doors (trading) is not CLOSED....
Other measures that the govt can take to boost local economy is by practicising protectionalism... UNFORTUNATELY... its not possible to do that in singapore because our local economy is too small and we are afterall a trading center.... and protectionalism only results in higher prices for singaporeans as it limits foreign competition....
Lastly... any form of protectionalism would invite reprisal protectionalism.... which will affect us even more... in short... it would translate into mass unemployment.. economic implosion...
THerefore... kenhor... go home... light a candle and start reading your economics 101....