Trust - Part III

Third of four parts

Under the 2013, The Executive asked for P2.006-trillion National Budget, consisting of P1.251 trillion for Programmed New Appropriations and P117.5 billion for the Unprogrammed Fund.

Trust - Part II

Second of four parts

A stimulus package, not

DAP is not a stimulus package as claimed. The theory behind fiscal stimulus depends on three basic factors. In practice it is difficult to have more than two of these met at any one time: 1) provide stimulus through use of idle resources; 2) it should be started quickly and 3) it should perform reasonably well in a cost-benefit test.

Trust

First of four parts

A lot has been said about the ruling of the Supreme Court on the Disbursement Acceleration Program or DAP. Some have not even read the total 274 pages of decision, including the concurring and dissenting opinions of the Justices and yet comments area readily made. Some read it to directly refute it as two journalists have proudly proclaimed eureka moments that they have found a way for the administration to defend itself. Defend? Really or should it be the other way around? Release the list and the beneficiaries of DAP and be accountable? Was not Tuwid na Daan principally about accountability and transparency?

OBISPO

Last night, the gala of the play entitled Obispo took center stage at the Samsung Hall of SM Aura.  The play was on the life and times of Bishop Alfredo Verzosa.  Born 9 December 1877 in Vigan, Ilocos Sur, he was ordained on 24 December 1904.  He became Bishop of Lipa on 6 September 1916 and served over 34 years until his retirement.

It Ain’t Over

As I said last 28 June over DZMM, it is conventional wisdom that says those in jail due to PDAF will have no chance in 2016. The trial has not even started and some have crystal balls that are already certain.  As I have often said, the ball is round and anything can happen.  Such as voters monitoring the deportment and maturity of those presently arrested.  One works the underdog psyche, the other approaches it quite maturely considering this is the second arrest but still striking to the very cord because he was with the King of the masses.  The third, not yet arrested but sticking to his guns like a battle-scarred warrior who has been through a lot with the legal system vindicating him often.