Friday, June 22, 2007

Paid in full . . .

Did you know that after 32 years the government (of my dear Old Philippines) has finally paid off its loan used to construct the Bataan Nuclear Power Plant. The Plant which was never operational since its completion amidst accusation of "kickbacks" by the administration of the deposed Ferdinand Marcos and the fact that the site lies within the earthquake belt - has caused pinoy taxpayers some Php 212-B or US$460-M. That's precious money gone the drain which could otherwise have been spent to energize all barangays in the country.

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