"For Minister Datuk Seri Idris Jala, a successful corporate leader who had headed Shell Sarawak and then Malaysia Airlines, to warn of national bankruptcy in nine years' time means that the national malaise is worse than earlier known.
"But before the government forces its so-called subsidy rationalisation plan on ordinary people, it must first remove all subsidies for UMNO and its leaders at various levels.
"Subsidies such as the lucrative "do nothing" Approved Permits (APs) given to UMNO leaders to import vehicles cost the government much revenues. UMNO and BN government leaders travel all over the country on government expenses for their political activities.
"Blank shares in public listed companies issued to UMNO leaders and public work contracts worth billions of ringgit are much talked-about ways that UMNO divisional leaders are rewarded.
"As such, tax payers have been subsidizing the high flying, extravagant lives of some UMNO and BN leaders all over Malaysia...more
