25 Feb, 2010
Make the next 45 minutes go away or …. a post about all the posts i wanted to write about
Posted by: BamBam In: a post by BamBam
Got 45 minutes to go and after a long day I’m just out of it and can’t really finish what I had in my hands and don’t have anything to read (unless you count that thing about risk analysis) so I thought why not blog a bit:
I see dark clouds ahead
Been looking over the numbers and keeping up with the news and digging info about a certain 90’s latin country and a certain 1989 event and so far things seem to be really grim. Looking and tracing the numbers and hearing the announcements from goverment official seemed like a damn broken track that has been stuck there since 1999. We need to reduce the deficit and we need to increase taxes and the fact of the matter is that we lost track of what it means to have an economic plan after the restructuring that was done by the IMF.
The situation that we are facing right now is we are meeting a slow down in the economy, a dead real estate market and a global deflationary environment with an expansion of budget and inflationary internal market. What this will do is that people are going to tighten their budgets even more and incidentally make the economy struggle even more.
So given the current situation where the governments expenses constitute almost 2/3 of the economy, a need to expand our internal and external debt and some of our public debts need to be paid as well, we face a very familiar scenario. We have maintained a consistant trade deficit and the only reason we are able to sustain is because our GDP was growning … but sadly the growth rate is decreasing rapidly and in the current gloomy economic enviroment across the globe it is harder than ever to attract invesments.
So unless someone realizes the need to address the dire straits we are going through with a decent plan that doesn’t know involve random and whimsical lifting and applying of subsidies and taxes we will get trapped and fall flat on our faces soon.
I understand that limit the government’s expenditures or its employees privileges is hard, and we barely have any state owned industries to sell any more, and reducing the mushrooming privileged employment and salaries is completely out of the question i would suggest a couple of simple things to start with when reforming.
First segregate the tax investigation bureau from the entire force, and make the knowledge of the investigation schedules with a limited number of people or even better make it administered electronically.
The second is to create a whistle blower hot-line that will allow people to call in their tax evasion and other money making tips for further investigation in lieu for a cash reward if they do … lets say 10% of the amount seized. I bet you if you do those two things tax collection will become much more profitable than it is nowadays. ( I whistles medicalized Blue specialized eye sight *whistles whistle* )
I’m just kidding of course and our economic outlook is certainly sunny O tamam il tamam.
Nothing to do these days
It has been surprisingly stiffing in Amman these days, and there haven’t been many activities to do around town lately and even though we had a guest stay with us this week for three days the highlight of the week was a yummy halloumi and strawberry salad that i made for us on monday.
Anyone have any leads for anything interesting going around town this weekend? something other than damn c-rated American hip hop bands ? or was that last weekend ?
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