Dr Chua: Pakatan will bankrupt Malaysia in two years
KUALA LUMPUR, Feb 26 — Datuk Seri Dr Chua Soi Lek today accused Pakatan Rakyat (PR) of not having a viable economic model to replace that of Barisan Nasional (BN), adding the opposition pact will lead Malaysia into bankruptcy within two years of its rule.
“From my debate with Lim Guan Eng, it’s obvious that Pakatan do not have any economic model to develop the social economic sector of the nation,” the MCA leader said today in his address to delegates at the party’s 63rd anniversary celebrations here.
“What they have are only populist policies, giving money here and there but not addressing the underlying economic structural issue in Malaysia,” he added.
Dr Chua said if PR honours their policies as stated in their manifesto Buku Jingga, the nation will go bankrupt in two years “just like Greece”.
“For example to abolish tolls, it will cost RM50-100 billion; to absorb all the National Higher Education Fund (PTPTN) loans, it will cost RM40 billion,” he explained.
“Ensuring every household will have a RM4,000 monthly income in five years, a total of RM93.9 billion annually would need to be paid out to the 3.8 million households to ensure their income is guaranteed at RM4,000 per month,” he added, reiterating Malaysia will be “the Greece of ASEAN in two years”.
He also reiterated his party’s assertion that a vote for DAP will only serve to empower PAS.
“It is not political spinning. It is political reality,” he said, adding that empowering DAP helps pave the way for PAS to be the “tai kor” (big brother) at both state and federal levels.
“Religion is a very volatile issue in a multiracial country and if you put it as a national political agenda, it becomes a recipe for national disaster.”