There's really nothing wrong with being optimistic. But sometimes people tend to deny facts.
This is the link to the National Government Outstanding Debt of the Phils.
http://www.treasury.gov.ph/statdata/...andingdebt.pdf
There's billions of pesos coming in from the ever increasing number of OFWs. They said it's 8 billion but the truth is, it's more than that and some would even say it's close to 25 billion pesos already. There was an increase in TAX. The implementation of E-VAT. They said that BIR is now more efficient in tax collection. They mentioned about GDP growth etc... They said our economy is improving.
Yet if you take a look at the statistics, you'll notice that our debt doubled in just 4 years (from 2002 to 2006).
Our debt now (2006) is 3,851,506 (in million pesos). not clear enough?
It's 3.8 TRILLION PESOS.
Because of corruption, instead of being able to pay our old debts, our country keeps on borrowing new money at increasingly disadvantageous rates from foreign and local creditors. It's really out of control and our leaders are still in denial. As long as our debt remains uncontrolled, increasing tax collection, adding VAT, implementing more stiff tobacco and alcohol taxes will have little or rather negligible effect in improving the country's finances.
Someone here suggested to start with ourselves.
That we should be positive (yeah... just don't be in denial).
That we shouldn't criticize but rather be the solution (aren't we already part of the solution? we pay taxes FYI.)
Be a smart voter (comelec scam.. vote buying.. uneducated millions of filipino people... duh.. little effect in letting the right candidate win)
BIG words huh? Really. those are elementary phrases you learn from books and positive thinkers who don't know facts.
Unless you can control or replace our corrupt leaders, this country will never be rich and our national debt will always be out of control.
oh and btw, the reason why there are big foreign companies here is because Filipinos are good workers compared to people in China. We can communicate well when compared to people in India. The production cost here is cheaper than in US or other rich countries. The labor is cheap too. It's not really about being positive or negative. It's about reality. By being practical.