Digging a "money pit", the DPP does not hesitate to "keep its children in debt"

　　According to Taiwan media reports, Taiwan’s “Executive Yuan Conference” recently passed the 2021 “General Budget”, with annual expenditure totalling 2.16 trillion yuan (NTD, the same below), an increase of 83.9 billion yuan from this year; however, the expected annual revenue growth is nearly negative. 3%, resulting in a budget shortfall of 116.5 billion yuan, plus 85 billion yuan in debt repayment, the funding gap is as high as 2015 billion yuan, and the cumulative outstanding debt balance will reach 6.13 trillion yuan.

　　Public opinion on the island pointed out that the DPP authorities, which once claimed to be "the most observant of fiscal discipline," are now building higher and higher debts, with black hands constantly reaching out to the "pockets" of the people, and the huge debts they owe are difficult for their children to repay.

　　"Budget" reduced to "debt bill"

　　In the 2021 "General Budget" announced this time, the continuously exposed debt issue has become the focus of public opinion on the island.

According to Taiwan’s "Economic Daily" analysis, if the "general budget" is ensured to be implemented smoothly, together with the amount of debt raised by the "special budget", the total amount of debt borrowed by the DPP authorities will exceed 459.6 billion yuan, and it is estimated that the cumulative outstanding balance of debt by the end of 2021 will reach 6.13 trillion yuan.

　　The debt repayment next year is not yet on the agenda, but today the debt is already high.

Due to the fact that the island’s epidemic has not stabilized and the economy continues to be sluggish, Taiwan’s “Ministry of Finance” estimates that this year’s tax collection will be about 120 billion yuan. Coupled with the “special budget for rescue”, it is expected that the amount of debt raised by the DPP authorities will exceed this year. 443.8 billion yuan, a record high in the past 10 years.

　　As the saying goes, there is no need to worry about debts, and the DPP authorities are trying their best to keep debts.

On the books, the DPP authorities “used short-term support for the long-term” and forcibly used local construction funds to abolish temporary financial sources, such as 5G release income, to piece together a “phantom” of fiscal balance and confuse the people on the island.

　　In addition, the DPP authorities have separately compiled a huge "special budget" in addition to the annual "general budget" fiscal expenditures, used for military purchases, "spending money" and other items to serve political self-interest, and hide the fact of fiscal deterioration, so as to satisfy hunger. , Causing the people in Taiwan to mistakenly believe that the "total budget" is still fair or even surplus.

　　The media on the island commented that the DPP authorities seem to have been lost in the "illusion" they created for too long, and there is little room for debt.

"Blind eyes" may not be able to continue to deal with the two years full of variables in the future, and the so-called "general budget" has essentially become the "debt bill" of the DPP authorities.

　"Chop hand" military purchase is too prodigal

　　According to Taiwan’s “United Daily News”, Taiwan’s “Executive Yuan” approved a total of 366.8 billion yuan in the official budget of the “Ministry of National Defense”. Together with the “special budget” and fund budgets for fighter aircraft procurement, the overall budget is as high as 453.4 billion yuan, accounting for 2.36 of Taiwan’s GDP. %.

And because Taiwan’s many military purchases have entered the peak of payment, the expected military investment amount payable next year will be 47.6 billion yuan higher than this year. Even after deducting the development process and the temporary non-payment of cases, the funding gap is conservatively estimated to exceed 30 billion yuan.

　　In addition to the budget plan, the DPP authorities even accepted all the arms sales "imposed" by the United States, and bowed down and swallowed it forcibly.

In July of this year, the US State Department approved the sale of approximately 18.2 billion yuan worth of "Patriot-3" missiles to Taiwan for recertification, and was approved by the people on the island to "use ordinary people's hard-earned money to provide health care to expired missiles."

Regarding the rumors that the US State Department plans to lease and sell advanced weapons such as F-35 fighters to Taiwan, some netizens on the island ridiculed "this is to take (fighters) home and burn money."

　　According to Taiwan media reports, the US is currently planning a number of arms sales to Taiwan. Once approved, the budget gap may exceed 100 billion yuan.

In this regard, Lin Yufang, a former "legislator" of the Chinese Kuomintang, criticized that the DPP government's purchase of weapons is like "upstarts visiting a department store", which is irrational and autonomous.

　　The DPP authorities do not hesitate to turn Taiwan into a "debt platform," and they still have to resort to military tactics and spend hundreds of billions of "protection money". It is nothing more than a guilty conscience and "causing trouble and fear of being beaten."

Since the outbreak of the epidemic, the DPP authorities have intensified their efforts. Regardless of the health and well-being of the people in Taiwan, they used the epidemic to seek "independence" while acting as pawns of the anti-China forces in the United States, vainly trying to "rely on the United States against China," resulting in continued tension and confrontation in cross-strait relations.

　　People of insight on the island have realized that, in the face of historical trends, the DPP authorities' collusion with external forces to "scheming for independence by force" is nothing but a man's arm and will only bring serious disasters to the people of Taiwan.

Blindly increasing defense spending not only does not help Taiwan’s economic development, it also makes the fiscal budget structure rigid, and constantly encroaches on expenditures that should be spent on economic development and people’s livelihood, causing huge hidden dangers to the future economic and social development of the island.

　　"Foresight" tasteless becomes "money moist"

　　In addition to "recharging funds" for US arms dealers, the "forward-looking plan" advocated by the Democratic Progressive Party has also become another "black hole" devouring the island's finances.

In the four years since the "Foresight Plan" was implemented, the DPP authorities have used practical actions to explain how to "spend money on the knife," and use hundreds of billions of "hard-earned money" for the Taiwanese people.

　　As a masterpiece of "forward-looking" money-spending, the hugely costly Keelung light rail project was once touted as "Tsai Ing-wen's gift to Keelung." However, the relevant plans have recently exposed various problems, and the necessity of its construction has also been questioned.

　　According to Taiwan’s "United Daily News", the construction of Keelung Light Rail has not only failed to facilitate the travel of local citizens, but has forced the use of the fast and convenient "Taiwan Railway", making the journey from Keelung to Taipei more tortuous and time-consuming, causing problems for Keelung citizens.

In addition, the Taipei Danhai Light Rail, which was built earlier, has lost 170 million yuan in the year and a half since its opening to traffic. There are signs that the Keelung Light Rail will follow in its footsteps and become the next "money pit", which is likely to drag down the fragile finances of the local city government.

　　Facts have proved that the so-called "forward-looking plan" of the DPP authorities has become a "black hole money pit" that neither looks ahead nor ignores the future, and the "targeted coin throwing" conspiracy to attract local forces for the private benefit of elections has also been exposed.

The local government simply took advantage of the trend and completely changed the "foresight" into "money", and just wrote a plan to defraud money without considering the integrity of the plan and the compatibility with the original construction. The people pay the bill.

　　Now that the DPP authorities owe more and more debts, the faucet of "spending money" is getting bigger and bigger, and social security "money pits" such as labor insurance and health insurance reform have already appeared.

Who will pay the old debts? The DPP authorities owe 23 million Taiwan compatriots.

　　Jin Chen