A re-send…if only to remind us.
THE ONLY HOPE FOR THE PHILIPPINES
by Father James Reuter, S.J.
By her own admission, GMA (Gloria Macapagal Arroyo) rightfully assessed that over the last decades; our republic has become one of the weakest, steadily left behind by its more progressive neighbors.’ Forty years ago, we were only second to Japan in economic stature, and way ahead of Singapore , Hong Kong , Malaysia , and Thailand . Today, at our present growth rate, it will take us 30 years to get to where Thailand is.
1. A population of 160 Million;
2. Of those, 70 to 90 million (equivalent to our current population) will live below the poverty line;
3. Our national debt is estimated to be at US$200B (compared to US$28B when Marcos fled, and US$53B today);
4. We will be competing, not against Thailand or even Vietnam , but against Bangladesh ;
5. We will be the most corrupt nation in Asia , if not in the world (we’re already ranked 11th most corrupt nation by Transparency International) ..
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