Fund Quotes - page 11
c) all legal provisions of past and present Congressional Pork Barrel Laws, such as the previous PDAF and CDF Articles and the various Congressional Insertions which confer or conferred personal, lump-sum allocations to legislators from which they are able to fund specific projects which they themselves determine.
Francis Escudero
House Bill No. 5237 passed by the House of Representatives on third and final reading yesterday identifies three (3) classifications of projects contained in this measure, Mr. President. First are the projects that have remained unpaid and outstanding after being declared unconstitutional in the Supreme Court ruling on the Priority Development Assistance Fund (PDAF). These projects, amounting to a total of P1,902,744,124 were commenced or completed prior to the Supreme Court's PDAF ruling and are all valid obligations incurred by the government.
Francis Escudero
First, Mr. President, distinguished colleagues, the facts. About a year ago, the legislative mill nearly came to a halt when the Supreme Court decision on the unconstitutionality of the Priority Development Assistance Fund (PDAF) or the pork barrel system radically altered the budget landscape. Declared as unconstitutional by the High Court were the following, and I quote:.
Francis Escudero
General Public Services will acquire the next highest share at 16.2%, followed by Debt Burden which will obtain 15.3% of the total budget. Although the Defense Sector will get the lowest share at 4.4%, it will reflect the highest percentage increase at 29% inclusive of an additional P25.988 billion for the General Headquarters, AFP, AFW-Wide Service Support units for its modernization program and an additional P9.497 billion to be sourced from the Miscellaneous Personnel Benefits Fund (MPBF). Let me now proceed Mr. President to the House-approved Budget or the General Appropriations Bill.
Francis Escudero
The Senate general provision also states that savings may result from non-commencement of the P/A/P or the inability of the agency to obligate its released allotment and implement it within the period when the appropriation is valid, whereas the House version qualifies that savings also result from non-commencement of a P/A/P, meaning the inability of the agency to obligate an allotment only within the first semester of the year. In the same manner, the Senate provision demands more fiscal responsibility from agencies by adding the proviso in Sec. 68 that "Programmed appropriations which have not been released or allotments not obligated due to the fault of the agency concerned shall not be considered as savings and shall revert to the General Fund.”.
Francis Escudero
• The use of the Special Vehicle Pollution Control Fund under DOTC-OSEC, particularly the amount of P2.532 billion for air pollution control of LTO as well as the repair, rehabilitation and maintenance of the Metro Rail Transit which is considered as a pollution-free transportation system.
Francis Escudero
The Senate version of the 2015 National Budget will define savings in FULL COMPLIANCE WITH THE SUPREME COURT DECISION on the Priority Development Assistance Fund (PDAF) and the Disbursement Acceleration Program (DAP). Our committee accepted all of Senator Miriam Defensor Santiago's points and took note of her concerns. I believe Senator Santiago based her speech on the NEP version, NOT the one the Senate has amended. However, the Senate version is never going to adopt the version of the NEP as regard to their definition of savings.
Francis Escudero
• Restoration of the House cut on DPWH amounting to P242.6 million under MFO 3 or "Maintenance and Construction Services of Infrastructures” and the restoration of P1.318 billion under MFO 1 or "National Road Network Services.” In addition, an increase of P1.130 billion will be provided for the Quick Response Fund of the DPWH to bring it to P2 billion.
Francis Escudero
I wish to make a comment about the so-called co-op approach. My friends, you can call it the government option. You can call it a co-op. You can call it a banana. But the fact is, it is government intervention into the free marketplace, which will lead to crowding out, which over time will lead to government control of health care in America. A co-op can exist today. They do not have to wait for legislation. They can exist today. Yet very few do. If there was a pressing need for more co-ops, wouldn't more of them have been created? Under the co-op approach, the Federal Government would design, fund, and foster their creation. But let's not kid ourselves. Creating a new, massive government plan designed in Washington is still Washington involvement in health care. And if we did not learn any lessons from the Fannie Mae and Freddie Mac co-ops, nobody has been paying attention.
John McCain
The question will be asked and ought to be looked at, what is to be the resource if loans cannot be obtained? There is but one, "Carthago delenda est." Bank paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs. It is the only fund on which they can rely for loans; it is the only resource which can never fail them, and it is an abundant one for every necessary purpose. Treasury bills, bottomed on taxes, bearing or not bearing interest, as may be found necessary, thrown into circulation will take the place of so much gold and silver, which last, when crowded, will find an efflux into other countries, and thus keep the quantum of medium at its salutary level. Let banks continue if they please, but let them discount for cash alone or for treasury notes.
Thomas Jefferson
There's a big cocktail party on Martha's Vineyard. Someone comes up to this writer, I think it's Joseph Heller, and says, "Joe, see that guy over there? He's a hedge fund manager, and he made more money yesterday than you made on all the books you have ever published.” Heller looks over, pauses, and says, "Yeah, but I have something he'll never have: enough.”.
Joseph Heller
For all the endless, empty chatter about democracy, today the world is run by three of the most secretive institutions in the world: The International Monetary Fund, the World Bank, and the World Trade Organization, all three of which, in turn, are dominated by the U.S. Their decisions are made in secret. The people who head them are appointed behind closed doors. Nobody really knows anything about them, their politics, their beliefs, their intentions. Nobody elected them. Nobody said they could make decisions on our behalf. A world run by a handful of greedy bankers and C.E.O.'s whom nobody elected can't possibly last.
Arundhati Roy
If you don't fund the State Department fully, then I need to buy more ammunition, ultimately. So I think it's a cost-benefit ratio. The more that we put into the State Department's diplomacy, hopefully the less we have to put into a military budget as we deal with the outcome of an apparent American withdrawal from the international scene.
James Mattis
The former NSA analyst [Edward Snowden] mentioned the fact that Ecuador got $4.2 billion in funds from the International Monetary Fund in early March as a sign the country was getting closer to the West, and in turn more inclined to give up Assange. "Journalists who have been covering the story haven't really been looking at that, because Julian as an individual is such a tragically flawed figure,” Snowden said. Snowden also criticized people who changed their minds about Assange after the 2016 election."A lot of Americans now hate Julian,” he said. "Even though the sort of people who are on the center to the left part of the spectrum had been singing his praises during the Bush administration, now they're on the other side because of his unfortunate political choices in the 2016 elections.”.
Julian Assange
We've spent $400 billion between Iraq and Afghanistan. That amounts to a couple of billion dollars a week. I stood on the floor of Congress begging, trying to get just one billion to fight HIV and AIDS, to be able to fund all the outreach programs. But we're at a time when very smart people have been allowing this dumb-ass President of the United States [George W. Bush] to do as he pleases.
Maxine Waters
I am not talking about illegal immigrants to Europe or North America. I am describing Muslims who are penetrating India's West Bengal region. These Bangladeshi immigrants are becoming conduits for criminal activities (arms, drugs, and sexual slavery) which also fund global jihad. You won't read about this in the Western mainstream media-or even in the Indian media, which has turned a blind eye to this ongoing tragedy because they are afraid to be labeled "politically incorrect” or "Islamophobic.” They are also afraid of reprisals. When Islamic zealots ransacked the office of the renowned newspaper, ‘The Statesman' in Kolkata, in retaliation for a mere reproduction of an article condemning Islamic extremism, the Indian press remained silent. The editor and publisher of the newspaper were arrested for offending Muslim sentiments and no action was taken against the rioters.
Phyllis Chesler
