Sunday, August 28, 2011

Kuan Yew Bio 4: 1959, June 30th, PAP cut their own pay

The first thing PAP did when they got first voted in was to reduced their own salary
Straits Times Page 8, 1959, June 30th, Kuan Yew slashed government job wages, due to deficit. Hence minister pay was cut as well. There is no evidence that PAP got monkey ministers when they paid peanuts, but on the contrary. Neither did our ministers jump-shipped to Goldman Sachs due to wage differences then.

But today, Kuan Yew seems to have forgotten the the days of 1959. All sorts of reason to give our ministers and government employee high wages even if our treasury may be already bankrupt by PAP's reckless speculation in Wall Street, and high public expenditure.

Kuan Yew conceded the greed of ministers
Kuan Yew said in 2007 "you have to pay the market rate or the man will up stakes and join Morgan Stanley, Lehman Brothers or Goldman Sachs and you would have an incompetent man and you would have lost money by the billions".

In short, PAP ministers are potential thieves who would rather joined the thuggish, ponzi, TBTF banks, that defraud the whole world with financial weapon of mass destruction. According to LKY, this can only be reversed by bribing them more with monies so that they stay with the government.

However, even with so much monies paid today, GIC and Temasek are still on the way of losing all our CPF.

Once able young people joined PAP putting themselves under detention risk
PAP had its own idealist including Lim Chin Siong, Devan Nair, Fong Swee Suan who went in and out of jail. These patriots joined not for monies but rather to serve the people. Today, everyone of those young guns who helped LKY to power were purged and subsequently denigrated.

Today patriotic and courageous man joins the opposition
Many including Chee Soon Juan, Chen Show Mao, Tan Jee Say......etc forgo their material comfort, risking bankruptcy lawsuit, join the opposition to pursue the herculean task of taking PAP down.

How Lee Kuan Yew feels when he look back on those days?

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