SCAP joins YAD’s Pre-SONA Activity

26 07 2007

Young activist confined themselves to a small cage –

Decried the country’s long incarceration to debt payments

Confined and crammed in a small cage, members of Youth Against the Debt [YAD] today dramatized the county’s incarceration to our grave debt problem describing it as one of the obstacle why attainment of genuine economic development and distribution of much needed social services like education are negligible.

The anti-debt youth activist conducted the dramatic action one day shy of Mrs. Arroyo’s seventh State of the Nation Address [SONA] with the message: “Pitong Taong SONA ni Gloria, Bilanggo pa rin sa Utang ang Masa!.”

“Mrs. Arroyo and her cabal of paid hacks and political pimps are on their seventh SONA and yet our people are still incarcerated in the deadly spiral of debt payments. Clearly, their claims of economic bliss and prosperity are a big farce,” YAD Spokesperson Bianca Lapuz said.

“In tandem with international financial institutions and credit-rating agencies, Mrs. Arroyo is acting as the local jail warden keepig us prisoners, locking us up to debts that we don’t owe while robbing us of our fundamental right to education,” Lapuz said.

Lapuz also said that while Mrs. Arroyo may have indeed to some extent lowered the country’s debt, it was done at such staggering human and social costs “The religous payments of these debts are actually the prime reason why there is an estimated 14 million out-of-school youth. It is also the reason for the meager budget of state universities and colleges [SUCs] which incapacitates them to perform their traditional role of acting as a social buffer against the rising cost of tertiary education,” Lapuz asserted.

The youth stated that the Philippine education is long-suffering from chronic under-spending because of the governments policy of prioritizing debt payments over and above social services like education. The group cited this year’s budget as an example, saying that only P 145.9 B is allocated for the education sector, compared to the P 622.2 B earmarked for debt servicing.

YAD also underscored the government’s flawed policy in solving the perennial problems of education by incurring more debts or by relying on foreign loans to finance education needs. Example of this is the erroneous textbooks published by textbook cartels, which were actually funded by a US$ 40 million World Bank loan.

“Without doubt, what we have is a debt-creating eductaion policy. The root of the problem is the government’s startegy on relying heavily on foriegn creditors to finance eductaion projects highly succeptible to, and even promotes, corrupt practices. Ironically, this policy would have been unnecessary should the government have chosen to allocate more to eductaion than debt payments,” Lapuz concluded.

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One response

6 01 2008
Rex FRAncis Ynion

Please give me the e-add of bokbok and the Visayas Senior coordinator. When will be the SCAP convention? Rex Here

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