S'pore's Economy is not overheating
- PM Lee 10 Oct 2007 [link]
I see the Singapore economy is not overheating, it is just very hot.
Food is rising at 4.2% so I decided to check out what kind of food can be kept for 20 years so that I won't starve when I retire. At 4.2%, it means that your CPF minimum sum which returns 3.5% a year is probably enough for one meal a day when you retire.
Guess which component of CPI rose the fastest? Healthcare which is zooming up at a whopping 6.2%. I guess the govt want to discourage you from getting sick so they have to make sure there is a big and rising financial disincentive for getting sick. See how kind and caring the PAP govt is they want to enjoy a long healthy life so they keep healthcare cost high to deter you from getting sick. The Transport and Communication cost has risen by 4.3% due mainly to the increase in public transport fares, they want to walk alittle more as part of a healthy lifestyle instead of pampering yourself taking the public transport....all these cost increases are the wise decisions of our caring govt.
When you got that pay small increase in the beginning of the year, I'm sure you were very burdened.... not knowing what to do with the extra money. Our beloved PAP govt heard about your plight and has decide to give you some help with your money. Now you don't have to worry about what to do with that little extra amount because it is now gone! ...Eaten away by inflation.