Taikan: Taiwan liabilities 14 trillion equivalent insolvency Office blue 36 years _ shanghaizhengquanhuiguan

New issue of Taiwan BusinessWeek articles said, because successive Governments continue to squander, Taiwan has owed more than 14 billion (us $, the same below), every person who are currently carrying 63 million of debt, have already become official "debts slave". 24 August, morak Typhoon post-disaster reconstruction project was about to start, Taiwan "legislative" started on budget "price". KMT stands for 1000 Yuan, the DPP the strength requirements, reconstruction budget at least 200 billion yuan, and the budget of the "only lower limit, no limit". September is the critical moment, the "legislative" soon to be opened on the Tribunal's budget, the annual budget is play. According to Taiwan "Executive Yuan" recently by the general budget, because the income budget shortage of financial resources were to borrow money to suit, it is expected that the debt will be more than 4600 billion, set a single year in the history of the highest on record. If coupled with the disaster rebuilding special budget, debt is approaching 5000 billion. Added hidden liabilities, net worth is the Government 6.5 trillion. The article says that if Taiwan as a company, the company's net worth is: near the negative 6 trillion. Spread out the "Taiwan," the company's assets and liabilities, assets over liabilities was $ 8.5 14.5 trillion yuan: balance than less liabilities also nearly 6 billion. When the enterprise's assets less liabilities, on behalf of the company's assets are insufficient to debt repayment, the company can be declared bankrupt. In other words, if Taiwan is a company, the company has been declared bankrupt. Sheet 14 trillion, equivalent to each Taiwan people are carrying 63 million of debt. Because Government owe this debt, Taiwan office workers, and the future of tax 36 annual payment is helping government debt. And 36 years of virtually all one's life. But also have to pray for Government not to lend money, otherwise even the sons and grandsons will continue to pay for it. Why are there so great a debt? article points out that part of the book debts, that is on the Crown to disclose the debt and accrued liabilities, mainly over government bonds to make ends meet, constantly, this part of the result exceeds 4.5 billion. It was in the "legislative" budget of the Centre of the latest estimates, the book does not appear on the huge "hidden liabilities" at nearly 9 billion, including accoraing retirement benefit obligations and the public, employees, farmers ' insurance losses and potential liabilities, various non-business fund long-term liabilities, etc. In recent years, the island's official and public utility of the construction of various construction everywhere, as at the end of July last year, after completely idle covered public facilities have 30 pieces. The original construction funds spent nearly 46 million, but idling reasons but strange: if spent nearly $ 8 million to build in Taitung County Luye Township lap swimming pool, swimming pool 10 m in length should only, it is no wonder that didn't go. Worse, many of the construction budget provision for major waste repeatedly. Such as the recent "8.8 floods" post-disaster reconstruction provisions, just like the previous four years had made 5000 billion "revitalizing the economy expanded public infrastructure investment plan," a number of repeats. Article wrote, some may ask, if Taiwan book on bankruptcy, but on our lives haven't affected. At least, the "company" working smoothly, the public debt to people borrow money never failed to borrow. However, the invariant laws is: liabilities, it was also, if you borrow more, who also later. If a substantial reduction in the workforce in the future, the debt to also afford? currently, Taiwan 65 aged more than 10 of the total population. The increase of social welfare expenditure only have the ability to work in population burden, but the "one child policy" in the trend, official estimates, 2026 years after Taiwan's population began to negative growth, three working population will bring up a man. The article points out that Taiwan's public debt is to lend money to people, not too many like Iceland's external debt. However, if the Crown in order to pay his debts and taxes, will be directly discontent. The most convenient therefore printing banknotes, but also easy to cause inflation, people lost confidence in the currency, we will not lend money to the Government, also tried his hand at NT into dollars, remitted, NT will play banished, equities and capital market in ischemia, the Government crisis in working capital will also appear. Official inflation Lai off debts is not a fantasy, this kind of "blatant robbery" have been precedent: 1945 to 1949 years national Government seal banknotes to circulate their expenditure, Taiwan's number of varying prices almost 1, every year the price rise is 500%-12%. The result is Taiwan serious inflation, the last 4 million TWD $ NT only-for-1, people, decades of saving one overnight.