This is a continuation of the last post. As with the Govt, various Ministers took pain to tear down the proposals in the paper by biting on points that appeal to peoples' hearts and emotional logic. These are: 1. The $60bn Price Tag 2. Raiding Temasek 3. Loss of Manufacturing Jobs The first big rebuttal that came about was the big price tag. $60bn is unheard of. Our Govt annual budget is roughly around $30bn. Big no.s floating around are usually terms of millions or single-digit billion like YOG cost overrun ($300mn), Grow and Share Package ($3bn) and Lehman Crisis Emergency Help Everybody Fund ($10bn or so, which drawdown our Reserves for the first time). However, it was not mentioned that the $60bn would be spent over 5 years. In fact I think it is more likely that it is spent over 10 years. This would be a more ...