Government debts are never repaid

 

Government debts are never repaid

 

When Agudengba and young Adong were discussing "Who will repay the old debt?" Adong told Agudengba that the official website of the Eastern Powers released a message: the contractor who undertook the municipal project of a certain county has been defaulted by the government. Tens of millions of yuan in construction funds, but he couldn't get the debt and couldn't bear the debt burden. He took pills and committed suicide in despair. This incident caused a great impact on society.

The official website says:

Everyone knows the story of the white-haired girl. Yang Bailao borrowed money from Huang Shiren, but was unable to repay the money and was forced to sell his daughter to Huang Shiren in debt. He was also forced to commit suicide. However, what happened in the old society is happening again around us, except that the protagonists are replaced by the government and contractors. This time the government played the role of "Yang Bailao", but this "Yang Bailao" was no longer weak and actually forced "Huang Shiren" to death who couldn't get the debt.

Paying back debts is a matter of course. How could the county government have the courage to delay repayment of project funds for so long? Do you really have no money or are you just pretending to be poor? According to a reporter's investigation, the county magistrate said that there is no problem with the government's solvency and that the current debt burden risk is completely within control. As long as the project passes the audit, all relevant project funds can be settled. According to the relevant person in charge, the reason why the project payment was not repaid was because there were irregularities in the project undertaken by the contractor that needed to be sorted out.

So, here comes the question again. Even if there are irregularities in the project, several years have passed since the completion of the project and the government has not yet identified the irregularities. Is the administrative efficiency too low? What's more, the fault of project irregularities is not caused by the contractor, but by government officials.

The official website believes:

It now appears that the county government's daring to refuse to repay its debts is not due to any unavoidable reasons, but more like an act of defaulting on debts. For the sake of political performance, the former leader borrowed money to blindly carry out projects. When the leader achieved political performance, he was promoted, but the subsequent leader was unwilling to use his own money to "fill the hole" for the predecessor, so the arrears were delayed again and again. Over time, it is likely to become a problem. Dead debt, the final losers are those project contractors who have put in their hard work. In the final analysis, it is the wrong concept of political performance that is to blame. Blindly launching projects leads to blind borrowing. After the project is completed, it is unable to repay, or it is "unintentional" to repay, which leads to the government's default behavior.

The official website also states:

In recent years, the government has borrowed money to build performance projects, resulting in government debt. A few years ago, ten cases of project payment arrears exposed in a certain province were all government projects. When ordinary people borrow money or loans, they use their personal income as "credit". The government's "borrowing" uses their government status as "credit". When this "credit" is squandered by officials and they default on the money, they will The final result is that it hurts the feelings of the people and damages the image of the government.

Adong told Agudemba: The official website pointed out that in order to change the government’s image of being a “laogui”, local governments must be curbed from borrowing money to engage in image projects. First, we need to reform the performance assessment methods of cadres to curb cadres' performance impulses and shift the focus of performance assessment from image projects to people's livelihood projects. Secondly, it is necessary to increase the liability risks of debtors, implement whoever borrows debts will repay the debts, and establish a system for holding leading cadres accountable. Thirdly, to regulate government borrowing from an institutional perspective, higher-level governments can issue regulations to regulate the scope, scale, methods, behavior, use, etc. of government borrowing in the form of law, so that government borrowing can be put on the track of legalization. Mr. Agudemba, what is your opinion on this?

Agudengba did not answer A Dong directly, but casually composed and sang a debt collection and accountability song "Seek the Skin of a Tiger":

 

You don’t need too many good friends

Just three is enough

First, I am willing to lend you money.

Second, attend your wedding

Third, attend your funeral

These three kinds of people are close friends

 

Otherwise, don’t get involved in officialdom

Corrupt officials are all evil people

If you have money, the officials will welcome you with a smile

Collusion between government and business will never end well

Corrupt officials gather and pass on from generation to generation

Eat well, drink spicy food and be chic everywhere

 

If you boast that you are rich and can rival the country

The face is bright and shiny

The government asks you to borrow money

Claiming to pave roads and build bridges for the people

Your wealth will be robbed

If you want to be in debt, you have to commit suicide

 

Corruption has never been eradicated from ancient times to the present

The emperor's new clothes are changed again and again

How can there be parents in troubled times?

Kneel down when you see an official

Government debts are never repaid

It is difficult for both sides of the scale to be equal.

 

You lend money to the government as a favor

What is lent is a trust

But what I want to come back is the crime

Your wealth comes from exploitation

Become an enemy of an official and your family will be destroyed.

You will become discarded garbage

 

Money is a dirty thing

Officialdom is a stinking cesspit

Can't guess the ugliness of people's hearts

I can’t see through the chaos of the world

Emperors and autocrats make life miserable for the people

Debt collectors seek skin from tigers