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Rotich now says govt is BROKE, has no money.
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Ohuru should fire him ASAP. Rotich, as finance minister was hired to manage our money matters and we have ended up broke. He doesnt deserve another day in that office. Even in you company if your company goes broke you get a new finance manager. http://nairobinews.natio...roke-no-money-cs-rotich/
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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Govt can't be broke it has no money of its own. It's the taxpayer who is broke and can't fund the big govt and its 'Pharonic' projects.
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Rank: Elder Joined: 10/1/2009 Posts: 2,436
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Jiringi 40b unaccounted for, and then its said GoK is broke, see the very simple connection my frens?
JP should be careful, it is now 'common knowledge' pple like Machozi are feathering their nests very aggressively. Imagine if this perception continues and rises in intensity, add to that the other concurrent matters of great public concern (grabbing of forests, drought, mounting no. of corruption cases, broken healthcare-for that is what all these KNH saga is all about, mismanaged curriculum roll-out, etc) and JP could face rising public anger irrespective of political divide...
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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wukan wrote:Govt can't be broke it has no money of its own. It's the taxpayer who is broke and can't fund the big govt and its 'Pharonic' projects. Pewa mbili baridi unitumie Paybill "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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Siringi wrote:wukan wrote:Govt can't be broke it has no money of its own. It's the taxpayer who is broke and can't fund the big govt and its 'Pharonic' projects. Pewa mbili baridi unitumie Paybill
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Yes the govt is broke, dont come up with crazy demands "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Intelligentsia wrote:Jiringi 40b unaccounted for, and then its said GoK is broke, see the very simple connection my frens?
JP should be careful, it is now 'common knowledge' pple like Machozi are feathering their nests very aggressively. Imagine if this perception continues and rises in intensity, add to that the other concurrent matters of great public concern (grabbing of forests, drought, mounting no. of corruption cases, broken healthcare-for that is what all these KNH saga is all about, mismanaged curriculum roll-out, etc) and JP could face rising public anger irrespective of political divide...
This will never happen my friend. One thing Jubilee has done very well is to convince two entire communities that "we are in government". It doesn't matter whether you are talking to a university professor or a village drunkard. From Kericho to Nandi to Muranga to Kiambu, everyone believes the government is always right. Even here people like @harrydre, hardwood, muchknow, bigchick and others will always stand for and defend the government. Even if the economy collapsed and they lost their houses, jobs, savings, pension and they became destitute on the streets, they would still be singing serikali yetu. Witchcraft is real.
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Rank: Elder Joined: 6/23/2009 Posts: 13,506 Location: nairobi
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FRM2011 wrote:Intelligentsia wrote:Jiringi 40b unaccounted for, and then its said GoK is broke, see the very simple connection my frens?
JP should be careful, it is now 'common knowledge' pple like Machozi are feathering their nests very aggressively. Imagine if this perception continues and rises in intensity, add to that the other concurrent matters of great public concern (grabbing of forests, drought, mounting no. of corruption cases, broken healthcare-for that is what all these KNH saga is all about, mismanaged curriculum roll-out, etc) and JP could face rising public anger irrespective of political divide...
This will never happen my friend. One thing Jubilee has done very well is to convince two entire communities that "we are in government". It doesn't matter whether you are talking to a university professor or a village drunkard. From Kericho to Nandi to Muranga to Kiambu, everyone believes the government is always right. Even here people like @harrydre, hardwood, muchknow, bigchick and others will always stand for and defend the government. Even if the economy collapsed and they lost their houses, jobs, savings, pension and they became destitute on the streets, they would still be singing serikali yetu. Witchcraft is real. Witchcraft indeed HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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[quote=hardwood]Ohuru should fire him ASAP. Rotich, as finance minister was hired to manage our money matters and we have ended up broke. He doesnt deserve another day in that office. Even in you company if your company goes broke you get a new finance manager. http://nairobinews.natio...oke-no-money-cs-rotich/[/quote] if ever govt is unable to meet obligation, this system of devolved govt (devolved corruption) will have to give way first b4 anything else.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Meanwhile county govts and governors are on a spending spree building mansions, helicopter rides, bonding trips abroad etc etc. That is why funds to the counties should be slashed.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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wukan wrote:Govt can't be broke it has no money of its own. It's the taxpayer who is broke and can't fund the big govt and its 'Pharonic' projects. Very true. The problem with this government is that it has no ideas on how to enable creation of new businesses and how to grow existing businesses. The only companies that can do well in a country like Kenya are companies that have experienced and survived such conditions in other countries. It is almost impossible to start or run a successful business in Kenya. Period. County taxes you, government taxes you and everything you buy is taxed 16% yet no employer is able to run a profitable business. Ninkubaya my fren. BBI will solve it :)
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Are we pretending that we were in an election period where Kenya spent so much to massage egos? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Elder Joined: 8/4/2008 Posts: 2,849 Location: Rupi
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[quote=hardwood]Ohuru should fire him ASAP. Rotich, as finance minister was hired to manage our money matters and we have ended up broke. He doesnt deserve another day in that office. Even in you company if your company goes broke you get a new finance manager. http://nairobinews.natio...oke-no-money-cs-rotich/[/quote] No wonder fuel and electricity are becoming expensive (read being taxed more) to raise money Lord, thank you!
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Rank: Member Joined: 10/3/2008 Posts: 101
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Tano Tena Choristers where thou art. We've hardly gone 4 months in and the circus is in town
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Rank: Member Joined: 10/3/2008 Posts: 101
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Tano Tena Choristers where thou art?? We've hardly gone 4 months in and the circus is in town.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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What Rotich is doing is not necessarily a bad thing...he could have decided to print more money to fund all planned activities but that would be more catastrophic for the country. Expenditure reduction is good.... He needs to go further and put down legally specific austerity measures that will force government officers reduce wastage of resources.
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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They need to grow the economy 'Bottom -up' not climbing tree from the top by debt financing everything including foreign benchmarking trips. Otherwise country will grid to a halt sooner than later.
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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For those on twitter, please look up a guy by the handle @surambaya.
He has summarized the OAG reports in a twitter thread. It is a painful thing to read. Its like there is a competition on who can steal more. And nobody bothers to cover up theft nowadays.
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Rotich is sly. He's making such announcement afew days after bagging the second euro bond. My bet is if such statement was made before the bond issue the subscription would be very different. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: New-farer Joined: 10/14/2016 Posts: 25 Location: Nairobi
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FRM2011 wrote: For those on twitter, please look up a guy by the handle @surambaya.
He has summarized the OAG reports in a twitter thread. It is a painful thing to read. Its like there is a competition on who can steal more. And nobody bothers to cover up theft nowadays.
Have actually read the report in full, and my lord, it hurts so much, and these are the people we have even died/killed for during elections so as to make our lives miserable. There goes another precious 5 years wasted.
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Rotich now says govt is BROKE, has no money.
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