Opinion: It’s not REA’s fault, but the NRM [meanwhile REA is a useful scapegoat…]

An agency made by the National Resistance Movement (NRM), enacted by law in 1999 and operative agency from 2001. The NRM is all to blame for the failures of the Rural Electrification Agency (REA). They might want to get rid of the head of the agency for 14 years in the campaign season to look better, but the same rot is there as in the ruling regime.

So, when the Minister of Energy and Development Grace Kitutu blames the REA for bad service deliver and the percentages of progress with it. That is a result of what the government wanted with it. The blame for all of this is the government.

The Minister putting the blame now is very convenient. That they are doing this in 2020. The REA has been working for 19 years. The government been in-charge since 1986. That’s why the Minister blaming the REA for back track-record is a bit half-baked.

The people who makes the policies, funding and votes for projects it wants. They are working with stakeholders, donors and others to build these projects. Also together with private companies and foreign investors.

Still, with all the time and the ability. The lack of results is staggering. When the minister outcries only 7% electric coverage to rural communities. Well, with the amount spent and what was their goals. It isn’t that shady, but its abundantly heart-wrecking knowing all the time spent on this.

It is easy to blame REA now. Not like they are working in a vacuum. It is the typical game-plan. Shift focus from one, instead of the others. We know it really sucks, when the President promises 26% electric coverage by 2024. He did that in 2014, but the Minister say they are at 7% and it’s only at a third of what is promised. Which is really not something to praise anyway.

If you would feel entitled to have used 3 decades in power to give such little power. You know why there are surplus electricity. Since there are no lines to take it on anyway.

That the NRM now pin-points one of these agencies it has created, instead of looking into themselves. The NRM will do this now to clean their slate. While they are the ones writing the plans, creating the agencies and not implementing it. They are allocating funds, which is going to ghosts, lost or forgotten about. Suddenly, when the Auditor General or someone looking over the paper-trail, the ducks start quacking.

Minister Kitutu might scream and shout. Blame REA. It is so damn easy… Instead of trying to be accountable. Being really accountable and taking responsibility would have been healthy. Not that we can expect they to do so.

It is easier to make someone a scapegoat, than actually do something. That’s the lesson from all of this. Peace.

A quick look into Mzee’s Speech on World Population Day 2020

There are sometimes level to this. Sometimes there are some sort of way things goes. That President Yoweri Kaguta Museveni has hold speeches like this forever. He follows a pattern and trying to overlook certain things, but now and then he slips off. In this speech he did one big bummer. Which proves his neglect. For a man that has always praised the capacity and abilities of the Republic to be self-sufficient and produce food.

It is amazing that one of his first points was this:

We in Uganda have also realized that food security is key for the population during a crisis like this pandemic but also in any other crisis, be it locusts, floods, etc” (Museveni, 11.07.2020).

I don’t know if this was his Freudian slip. That this was his moment of clarity, but for a man praising the farming, the agriculture and the growth of this sector. For a man professing to the importance of this field. It is really special that he said this. In the sense, that this means the state isn’t prepared. The state doesn’t have the means or the systems to safeguard food. To have warehouses, storage or ensure capacity in a sudden crisis. That means, the state needs to make this happen. From a man who has had all his grown up life. From about his mid-30 or mid-40s in power to secure this and ensure the public. However, that haven’t been a priority.

One thing a population always needs is food and it needs shelter. To basic things. That the state needs to provide to the ones in need and he has clearly failed the first one.

And in typical fashion, the Republic was hell-on-earth before he took power:

Ugandans will recall that when NRM came to power, we had many unfavorable indicators within the population. However, since then, we have turned things round and we have made a number of gains. For examples; Before 1986, there was low immunization, poor hygiene, high rates of malnutrition, infectious diseases, limited access to health services. All these led to high levels of sickness and death” (Museveni, 11.07.2020).

When you gloss over the facts of the civil war, the tyranny and the weak state after the independence. There are reasons why things wasn’t great before 1986. Not like the state has a perfect health care system. That’s why all high ranking officials, MPs and whatnot tries to get health care abroad. Even the daughters of the President tries to give birth in Germany or abroad. That’s just the system of the state.

So to praise his own game is a bit far fetched. The mortality rates are still high. The lack of capacity. The lack of places of treatment. The private insurance costs of private hospitals and the system at large isn’t for the population, but a small elite. The same elite before COVID-19 would fly many hours for treatment elsewhere. There been gains, but forgetting to mention this fact is beyond me. It is like glossing over the problems. Looking back in time and always ending up on top. Every nation will look better most likely statistically, than how they looked during a civil war. That should be easy Math, not like it was a priority to save children of measles. When two forces was battling out in the Luweero triangle.

Let me end with the last slip of the tongue of His Excellency:

the challenge we are now addressing is the 68% of households which are still stuck in the subsistence economy” (Museveni, 11.07.2020).

It is really showing the neglect. That if over half of the population or near ¾ of them is struggling in subsistence. That says you have not delivered. Your work haven’t been proper or done well. The President is saying his policies, legislation and monetary plans haven’t worked. The man has used three decades in power and still saying close to 70% isn’t part of the economy. That’s why they are in a subsistence. If that isn’t saying something about his track-record. He has had the time to challenge this, but part of me thinks he never wanted this to go. If it went away and such. He wouldn’t get free donor-money to development projects. It is easier to eat money from others, than the money earned from domestic revenue. That is just a sad reality.

If the President thought this was a good look. It wasn’t. The numbers game he drops has been done so many times. That I don’t even care. Its his ego boost of the week. Enough nonsense. Peace.

Opinion: Emyooga is renaming the same-old government scheme…

I got pennies for my thoughts, now I’m rich”50 Cent on ‘Patiently Waiting’ (2003)

This Get Rich or Die Tryin’ fix of the government isn’t working. They have not learned the skill from the G-Unit front-man 50 Cent nor anyone else. This is just following a boring pattern. That the government launches a new Presidential Initiative before the campaign season is also predictable.

The National Resistance Movement (NRM) has so many schemes going on. They have used so many different types ways to get people out of poverty. You need a separate dictionary to remember them all. It is a own lingo for government officials and the likes.

The Savings and Credit Cooperative Societies (SACCOs) was launched in 1992 in the Republic. The second started with Entandikwa in 1995. When that ended in 2002, they launched National Agricultural Advisory Services (NAADS). In 2004 they launched Rural Micro Finance Project. In the meantime there been launches of Micro Finances schemes for the public from donors and NGOs. In 2013 there was two new schemes, it was the Youth Livelihood Programme and Operation Wealth Creation (OWC).

So, in June 2019 the President finally promised the magic bullet to end poverty. Now in July 2020 the Presidential Initiative Emyooga, which is a mix of OWC and Job Creation. They are now launching it and doing so ahead of elections. Seemingly, the Office of President through its Residential District Commanders (RDCs), the Office of the Minister of State in charge Microfinance and the Microfinance Support Centre Ltd (MSC). Therefore, we know the Presidents involvement in it. Since they are using these means like OWC. We just know Gen. Salim Selah is part of this too. It wouldn’t be in this Republic if he wasn’t involved in it.

It is kind of rich that in 2020 they are relaunching the OWC in a suit calling it Emyooga. They are dropping billions of shillings on, as it was fitted into the Monetary Policy Papers for the National Budget of 2020/21.

We know this is a campaign thing. To booster a failing a project of the state. The OWC have already struggled. There been reports of failures with the OWC. The same with service delivery of SACCOs, NAADs and too.

The Emyooga will follow the same procedure as the other ones. A big show for the launch. Promise of funds, eradicate poverty and the nation to a middle income country. However, the lie is that these schemes makes the middle-men rich. A way to eat of the state and not users. The ones getting the tenders, the ones skimming the funds. It always goes that way. Also, makes for good publicity. Even if there is little to no proven results.

That is why, I’m skeptical today. Seen this before, heard the narratives before. This is just buying time. Not building things that are sustainable. A short term money infused into an area. Before leaving to the next. Without any consideration of the windfall, of the moment it runs out or what to do after the short-term spending.

That is why, so many of these schemes haven’t worked. There been no long-term plan and if they had. There was no real implementation or will to do so. Because, if they did, it would have costed and would have possibly delivered more. However, that wasn’t in the interest of the state nor its stakeholders. Since they need new schemes and new methods to get a kick-back or a pay-off for their duties. Peace.

Opinion: LDU becoming the new SRB?

The more I see, the more vicious, more outrageous and more devastation there is. The Local Defence Unit (LDU) are a paramilitary, trained military outfit in the streets. The thousands of trained soldiers on the beat. Going around “supposedly” to secure the streets and the people in their area.

Instead we are seeing footage, pictures and reports of sudden death. Fatalities, people murdered in cold blood by these LDUs. Old people, students, farmers and roughing up Local Councillors. These LDUs got no nerves and can pop-off at any minute. They can be the judge, the hangman and the undertaker at the same moment.

It is just more of victims of these LDUs across the Republic. From Karamoja to Kampala. There is no place where they don’t kill. Where people are not murdered by the state paramilitary organization. Just within the lockdown there been about 60 people dead by the LDUs. While none has still officially been registered as dead as of COVID-19.

This is in 2020, where the only man with a vision. Where the self-styled President for life. The man who took the mantle and made peace. Inevitably have made his own State Research Bureau (SRB). Maybe Hotel Serena isn’t a torture house or a “safe house”, but there are plenty of other ungazetted “safe houses” throughout the Republic. There is also Nalufenya and Luzira awaiting political criminals any day now.

The LDUs with their potential of death. Could easily be our days SRB, which is profound. As the current day President always claims to be better than Obote and Amin. Still, he commit the same sins as the predecessors. Just think about the killings of Kasese, Muslim Clerics and High Ranking Officials who has died without any follow up in the courts or investigation over the years.

Life was cheap under Amin and Obote, but so it seems also under Museveni. Unless, your part of the Kitchen Cabinet and one of the inner circles. Then your life is more valued the gold minted in Entebbe.

When they easily assault, harm and kill individuals all across the Republic. That sets a bad precedence, but also signals of a starch warning to whom they come across. There is no justification, just being at the wrong place at the wrong time and you life can be ended.

If this so-called revolution of the 1980s was supposed to spark a difference, a fundamental change, why does it smell like the past?

Why does the actions of today’s paramilitary group act like the predecessors did?

Shouldn’t there be a difference and occasionally see significant change?

No, we are at the same junction. If it wasn’t for cellphones and footage of the violence, the extra-judicial killings. We wouldn’t know about it this quickly. It would be later in the bulletin in the Daily Monitor or New Vision. It is now for the world to see and its viral.

The same issues of the past. The ones that this administration, this regime was supposed to be different from. Apparently, it was all a lie. A rouse, a mirage, which triggered donors and believers. However, the innocent still dies on the hand of soldiers. They are named LDU, but could have just been the ugly cousin of the SRB. Peace.

Opinion: LDUs kill and it’s deliberate

We have started and you have seen on television. For us we shoot to kill. We are not breaking people’s legs. We shall shoot to kill; the head and the chest are our target. If you play around with our Ugandans, we shall kill you. If you prepare to come and steal at night, you will lay down in your blood…” – Colonel Felix Abucha (01.01.2020)

In the new-years, on the first 1st January 2020 the orders of shoot to kill orders was given to the Local Defence Unit (LDUs). That order has been followed, every month and nearly every week someone dies at the hands of paramilitary fellow in the LDU. It is like the bullets are in for the bulletin. After that the Police Force is ordered to investigate it and it never gets solved. The victim of the extra-judicial killing isn’t returning, but the case is cold.

It is a murder in Oyam. It is a son of a commander in Kampala. A Makerere Student. It is cattle-thieves in Karamoja. Head-teacher in Mukono gets gunned down. Shot an old man in Kakiri Sub-County for playing loud music. They killed one man in Kween district.

People are scorn everywhere. A random bloke breaching the curfew to get some food for his family. His gunned down too. Because no need to reason with him, but shoot to kill. That solves everything. Who can afford “equal before law”, when you can kill people at random.

The army or the UPDF calls their mandate of the LDUs crucial. If killing innocent civilians is a crucial task. Then what is the value of law enforcement and the police? When the LDUs can be the hangman and judge without any just cause to enforce the action towards the citizen. The citizen is judged and hanged or shot before it makes any sense.

The LDUs can act a fool. They can be hasty pulling the trigger and end someone’s lives without any consequence. Someone can just get taken away. The pubic are just living on mercy. Hoping they are not passing by a hungry and ignorant, armed LDU who can pop-off at any minute. The man with a weapon can end you. There is no need for justification or explanation. The victims doesn’t matter and if they do. The LDU might suffer, but that’s because of the rank of the victim. If it is an ordinary citizens. The conspiracies and cold cases is the way to let the deaths be forgotten.

The LDUs can kill. It is not like they are well-paid or anything. They are a paramilitary force trained and to ensure the public is intimidated ahead of the 2021 election. The state needs local armed people to get people sensitized and lectured into patriotism. When they say that, the lingo means: “Loyal to the Movement and its President to death do you apart”.

The LDUs are allowed, there is no cost to kill. The extra-judicial killings can appear anywhere at any given time. The citizens can be killed for any reason. If not the authorities will make up excuses, justifications and merit for the bullets. They will make the victim seem like Bond Villain. While the killers are walking scot-free.

So, who needs courts and the police investigation criminals, when you can just have loose canons shooting random? That seems like the trick. Instead of pulling a “rabbit out of the hat” and the authorities are pulling a man with a gun. The man can use it and end the criminal case before it begun. Since he shot it to pieces. Peace.

Opinion: Mushrooming the state will not muster progress

This week the Republic got 6 new official cities, towns suddenly turned cities overnight. It hasn’t been overnight, the state has worked with this and pledged to do this. The state, the President and everyone involve is doing this for brownie-points, as the state will not have the funds to facilitate the transition. Neither was there allocated funds to make it feasible.

Just like there been lacking of funds to new districts, been lack of possible accounts and trust to cover the mushroomed sub-counties and municipalities. It is just endless add—ons over the years. The Republic has so many districts, sub-counties and municipalities that you can a headache just thinking about it.

This is what the National Resistance Movement does, they are micro-managing from the State House. Giving hand-outs to cronies, ensuring constituencies for loyalists and adding more MPs. It is cycle of adding more and more expenditure without having the growth of revenue. This is why the state is continuing to deficit finance the budgets. While struggling to cover the added expenditure.

It is like the setting up of new districts is a free-enterprise. Even if each district is supposed to have certain amount of structures, councils and whatnot. There is cost all along the way and not just a pickpocket of MP in Kampala. No, there is costs of civil servants, buildings and promised local government service. Which usually comes long after the choir singed songs on the day of launching any given district.

The same will be with the 6 cities. There will be outcries, as the state haven’t allocated or considered the costs. They just did it to look good ahead of elections. Honour old pledges and give the locals a title. Not ensuring the cities had their city council, had the office of the Lord Mayors and had all the other structures needed to be sufficiently running like one. There aren’t division mayors nor local councillors. This is just the mess. Yes, during the General Elections there might be elected some of those, but do they have anywhere to work from and conduct their operations?

That is what you can wonder about and if the state had thought of it. It is easy to change a title, it is easy give a place a name and call it a city. However, to operate as a city and pay the cost is a whole other animal. Just like sub-county has lesser of structure and promise of local government compared to any given district. That is just the reality.

In the end. This is just a battle of debt, a battle of insufficient funds and deficit financing. Pay for the cleaners and the nurses, but not having the credit to do so. Putting up shelters and housing units, but not giving them electricity. Wonder why everyone is in the dark and why things aren’t happening.

What is striking is the naivety about it. That there wasn’t people warning about it. That people don’t see the burden and problems that will come later. It is fun and games now. However, how will it be for the next man taking over as Head of State trying to rationalize it?

There is no sense to have that many districts, sub-counties and municipalities in the Republic. We all know that and its a political ploy to feed cronies on loaned funds. A bargain for the State House to get loyal pawns all across the Republic. It isn’t to better service delivery nor better governance. It is just adding costs without adding any new revenue. Peace.

A Trillion Shilling to cover three days [A Treasure Chest for 2021 Elections?]

A fiscal year in Uganda runs from 1st July 2020 to the 30th June. What is really rare is that the Parliament and the Government gave itself a Supplementary Budget on the 26th June 2020 to cover arrears of supposed 1 trillion shillings. These funds are to paid out in the budget year and cover expenditure not hold. It is really sketchy do that so late in the budget year. As this is the end of the Fiscal Year of 2019/20 and days ahead of the 2020/21.

So in a budget of about 34 trillion shillings, the state needed another 1 trillion in the end. Meaning the budget wasn’t prepared correctly since they needed to amend it to this extend. To add yet another trillion shillings like it was nothing.

What is striking is how easy it is to adjust the cash balance, the fiscal year and the supplement budgets. These are easily voted through and the money doled on whatever. This time it wasn’t paying the water-bills of the State House. However, other random projects of the state. Which suddenly lacking funds. It just appearing right that and just right now. It was needed to be done now. In mind that it wouldn’t look to bad or be able to keep this accountable for later.

That you need a trillion shillings this late in the fiscal financial year is sketchy at best. Especially considering the implication of a new financial years just days ahead. These sort of arrears should be considered into the next financial year. If these numbers are real and have a basis. It could just be taken out of thin-air and cover whatever else the state needs ahead of campaigns and elections. These years are always more expensive and a trillion shillings for the campaigns wouldn’t be far fetched. To cover added expenses, cars for VIPs and such. Which comes with every single election.

The President, the Office of the President, State House and Office of the Prime Minister would suddenly eat more food and expand their organization. As it has to pay off cronies, new allies and ensure the electorate get a pinch of the future middle-income country. They get some soap, food and small tokens to carry them for the next four years. This is what they always do. Some even come with a few thousand or a thousand shillings as a part of the NRM Village Project Outreach, which it also does during elections.

None of the added expenses is cheap. It cost to be king. The king needs to give the public, food and circus. That is what he does and it continues the way it has always done.

The NRM, the President and the whole team passes this along. Knowing there will be no overlook or accountability over the sudden 1 trillion shilling added in the end of this fiscal year. Not like these billions here and there couldn’t end elsewhere. As long as they are voted for and can be used by the state to campaign.

The General Election is coming up and the incumbent needs a treasury chest. If there ever was one. The one trillion shillings would be helpful to run an campaign. I wouldn’t be shocked if it went missing and was used for campaigns. That would be just another day in the Republic. Peace.

The Art of Deficit Financing: Budget 2020/21

Deficit financing, however, may also result from government inefficiency, reflecting widespread tax evasion or wasteful spending rather than the operation of a planned countercyclical policy. Where capital markets are undeveloped, deficit financing may place the government in debt to foreign creditors. In addition, in many less-developed countries, budget surpluses may be desirable in themselves as a way of encouraging private saving” (Encyclopaedia Britannica – ‘Deficit financing’ (25.08.2015).

What is striking from the 2020/21 budget is that its not only 45 trillion shillings, but the way they are financing this spending. Because, the budget need financing or revenue to pay the expenditure. You cannot use air to pay the bondsman. The people you owe money or supposed to spend on needs real cash-flow and liquidity to be fiscal responsible.

What we learned again is the debt deficit financing, which has been common staple in the Republic. Since domestic revenue or tax revenue is about 20 trillions shillings. This means that the rest of the budget has to paid for in various of other ways. In this regard, the state are borrowing, refinancing and gaining more debt. As the state is also wasting more of the budget on paying interests.

This is really making a evil circle and continuing debt trap. Even if the trillions upon trillions owned by the state is growing. That this still haven’t hit a debt ceiling. However, the issue here is the amount of paying interests. They are wasting away money on paying for old loans. This is what the state is initially offering. While it is gaining new debt to finance the over-expenditure today.

When the state pays 4 trillion shillings (9% of the budget) in interests. That shows how destructive this is for the budget. How important it has become. When 1 in 10 shillings of the budgets are paid in interest. This money could have been spent in all parts of society. It could have changed people’s lives and invested in the future. Instead its paying on the debt trap created by the same state.

Deficit financing and refinancing will only ensure the future generations are paying for the growing debt created by the current government. They are borrowing on the future growth and supposed revenue. Even as the state is ballooning the budgets, that they are not able to cover more than half. That is worrying and should worry the republic too.

Yes, that budgets get ballooned in election years are common. That the budgets are insincere and write of taxes in these years are typical too. All of this isn’t new. It is what happens when the Republic is preparing for elections in the coming year. Therefore, the state needs a treasure chest to bling out on chiefs, voter tourism and whatever else to look good for everyone.

That is why this budget is like this. We can clearly see that the state are continuing to acquire more debt, which means the interest payments will grow every year. This is why the refinancing and growing debt should worry everyone. Because, just like the interests payments are now at 9% or 4 trillion shillings this year. We can wonder how it will look when the grace-periods of several of loans are over and the initial price of these as well.

The Republic of Uganda deserves better, but the leaders and the ones in-charge are making it like this. They are not concerned about the future and that is very clear. As they are spending and squandering away the future today. Then someone have to pick up the tab in the future. Peace.

Opinion: [Don’t be shocked] NRM MPs always eats!

We are living in 2020 and the abolishment of Age Limit still haunts the chambers of Parliament. As the payouts for it is coming to the ones who favoured the Self-Styled President for Life. That all happen a while ago, but the 317 MPs is getting all the love.

Now there is report of a more millions of shillings coming their way. As there was a special delivery of 40 million shillings each. The money was already late and delayed. There is also claims this is for hardship of voting for the motion to praise the “high above”. No matter what, their representation is clearly a pyramid scheme. Where the drips of money comes down to them, when they favour the one on top of the pyramid. After that they are selling his empty dreams to public and hoping no one is understanding the prolonged scheme.

In this regard, they are promised even more, just like they we’re promised more favours too during the Age Limit saga. They were planned instalments for favourable voting. They are anticipated to get another 60 million. When they vote against the NSSF Act. Because, that is how you run a state. Bribing MPs to vote on your whim. So, that they have extra funds to campaign and pay-off old debts. That’s what you do.

These MPs have already allowances, fees and perks to the skies. They are already eating like crazy. This here is just eating of the plate of the public. While the state is taking more loans from World Bank and IMF. They are eating on the borrowed money and hoping this doesn’t hurt the state down the line.

These NRM MPs are just the epitome of greed. They are selling their souls for very little. This is short term gains and will backfire eventually. Onto the up-coming elections, these MPs will use any opportunity to get some money. Because, suddenly they need to fix local schools in their constituencies. Suddenly, they will need to buy rice, soap and small tokens to their constituents. Even pay courtesy to the local radio for air-time. Maybe, even pay some random designer to make posters and gear. That’s what they do.

So, always know. The NRM MPs always eats, don’t be shocked. That’s what they do. They eat and figures out ways to trick the system in their favour. Especially, doing the will of the State House and getting paid for it. That’s why the big-man is stressed, he always have to pay them extra to “get thy will done” as it is in Rwaiktura farm and on Nile Avenue. Peace.

Opinion: Mzee wants it to BOP his way

You want another rap? Nah, didn’t think so. Even if President Museveni wants a BOP. Not a DaBaby track or anything. His just approved the US$500 million dollars to the Republic. This was reported earlier this month and he approved it on the 6th of May 2020, but stamped by the Ministry of Finance, Planning and Economic Development (MoFPED) on the 11th of May 2020.

What is unique here is that this loan is given on the idea of “Balance of Payments”. Economist would know that this to cover the deficit and the balance the budgets. This is to ensure the state has enough revenue to already cover the deficit it has. That is why grants and loans comes to ensure the levels of revenue covers the spending. This means that the state has spend a hundred dollars, but only had 50 dollars in liquidity. So, to ensure the accounts are balanced, the BOP comes in and fix the shortfall.

Museveni writes this in the letter:

The money that goes to the Bank of Uganda is for “balance of payments support”. “Balance of Payments supports” does not only mean helping the country to “import more” but must also mean helping the country to “import less” by manufacturing these products here. With this undertaking, I approve the loan” (Museveni, 06.05.2020).

Because what the support does in the instance of the hundred dollars budget with a shortfall of 50 dollars revenue. The BOP support is the missing 50 dollars and makes it zero. Meaning, the accounts and financial flows should turn into zero. That means with the budget with its expenditure and its revenue its should be a nil or zero sum game. Therefore, when the President claims this helps local industry and less imports. I don’t see it.

Especially, if this is a BOP. Because, a BOP is a fixated way of balancing the budgets, not secure more trade. Its to cover deficits between expenditure and revenue. This isn’t a magical sphere of happiness and joy. This is budgetary measure to cover the shortfalls and lack of domestic revenue. To cover expenses that appeared or was already budgeted. Therefore, the need of Balance of Payments from the IMF to cover those.

This can be seen as a Financial Inflow to cover the deficit.

Like this:

-100 dollars budget/Import

+50 dollars revenue/Export

+50 dollars Financial inflow (BOP Support)

= 0

That is why, when the man says like this. Its a game of balancing the budget. Not putting a wand on the thing and swiftly changing things. This is just a financial measure to cover a deficit. A short-term solution to a shortfall. That will not solve anything, but by time. Not cover debt, not create a market nor make a big difference. Its just covering expenditure. Nothing else.

The President can make it seem so, but that wouldn’t be a BOP. That would be another instrument and another measure. Where the funds was actually meant for investment. This is covering the basics.

Let me end with DaBaby: “I needed some shit with some bop in it (Let’s go)” (DaBaby – ‘BOP’ of KIRK, 2019). Peace.