Passing the buck

[besitai2007]

The Star today reported that Perak is a now a “debt-free” state (clap clap?) after transferring RM999.2mil worth of water assets to the Federal Government's Pengurusan Aset Air Bhd (PAAB). Brilliant move? The MB Datuk Seri Dr Zambry Abdul Kadir said that with the transfer, the state's water liability, which was valued at RM999mil has now been cancelled....but is it gone?

I dunno...I am no economist. Cancels Perak's liabilities but creates additional liabilities for others. Does it mean, it is now considered "gone"?

[cml]

Gone for them but carried by all the other tax payers. Thats why we need to get rid of these mentally challenged people who are supposed to look after us, the country and our resources.

[cutebanana]

Gone for them but carried by all the other tax payers. Thats why we need to get rid of these mentally challenged people who are supposed to look after us, the country and our resources.

trying to polish the resume before the coming GE

[zinglicious]

Trying to cook the books by MSG artificial flavorings - Cepat D masak, Sedap D lihat.

[mick123]

is this a joke ar another bail out of the great Msian Inc. only this time it's a State rather than a company. transfer the debt to a spv and then all of a sudden, walah they have a cool 992mil to spend

[Henry T]

Somebody got to pay. That's you and I.

[zinglicious]

is this a joke ar another bail out of the great Msian Inc. only this time it's a State rather than a company. transfer the debt to a spv and then all of a sudden, walah they have a cool 992mil to spend

Yep, look at all those apanama privatasi promosi from TNB which we were shocked with rising bills while IPP goes wawawee.

Amazingly while the buck was being passed, somehow, somewhere and someone get rich in between.