The world is now gradually experiencing the brunt of the anticipated and feared economic crisis. Our economists and strategists said that what we are now observing is just a `lull’ and the worst is yet to come. Lay offs from works are ubiquitous.
The Arroyo administration is boasting its economic strategy to counter this slump through the so-called `stimulus fund.’
Some solons, however, are apprehensive that this fund, which runs to over hundred billion pesos, might again fall prey to the corrupt and unscrupulous officials of the government.
Safeguards to this big money needs to be laid down---lean and clean---if only to ensure that the fund will serve its noble purpose of saving the country and its people from the brunt of world recession and feared economic collapse.
The stimulus fund will finance income and job-generating projects that would create massive employment and provide work to those who have either lost their jobs or have been looking for one but failed.
But one thing is sure to safeguard this saviour fund: Everybody needs to be vigilant. Everyone must partake in guarding this stimulus fund. We must take note that this time, we cannot afford to commit further mistake---or we suffer the consequences.
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