Our suspicion is Gloria is readying a war chest for buying support for her proposed charter change. She did it in 2004 to stay in power. She’ll do it again in the next three months and all the way to 2010. Assuming, of course, she is not kicked out earlier.
It's the old "reenacted budget" trick that again, which turns our 2006 national budget into Arroyo's giant pork barrel fund. This is the kind of spending that can easily bankrupt the government. Now you know why Arroyo needed to raise our taxes after the elections. ;)
Anyway, read the whole editorial.
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