My Ideological Leanings

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whole thing.

My view on the current social, economic and political system of the Philippines is that it is like any other country. It has problems and it isn't at all perfect. We can all wonder if a country is better than the other but we cannot truly say that one country is at the top of it all, no. Let's take the United States for example. We think that they got it all figured out. That is why we decide to flock their and work as OFW's, but in truth the Americans feel discontent. They also suffer and they have problems just like perpetual deficits over the past two decades that have resulted in a national debt of over $9 trillion today, which is 65% of GDP and expected to reach 350% of GDP by 2050. They also face the trouble of having an aging population and the affects that this will have on the job market, healthcare, and social security. Not to mention the increasing income gap between the poor and the wealth. So you see systems on all levels are getting worse in all ...

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and tens of millions of people live in poverty. The economy is heavily dependent on the billions of dollars sent home each year by the huge Filipino overseas workforce. The swelling amount of debts of the Philippine government from both local and foreign lenders is getting worse. Every year the Philippine government has paid trillions, if not billions of pesos on the interest and on the principal amount of obligations. In the debts record of the Bureau of Treasury of the Philippines for the calendar year 2009, the external or foreign debt of the country reached P 1,926,599,000,000.00 (1.93 trillion pesos). On the other hand, the internal or domestic debt reached to ...

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