2010 Philippine Presidential candidates, photo by politicalarena.com
THREE candidates gunning for the presidency promised if elected, they will throw cash and strike deals with labor receiving countries in relation to overseas employment of Filipinos.
However, former Defense Secretary Gilberto Teodoro Jr. and Senator Manuel Villar– failed to identify where they would get the money since any of them will have to contend with a yawning budget deficit.
It was only Senator Richard Gordon who was specific in identifying sources of cash for his proposed $30-billion provident fund for overseas Filipino workers.
Gordon said he promises to “link up” the private pension fund manager Social Security System with the Government Service Insurance System. The money, he said, will be managed by professional finance managers. He didn’t identify these managers.
The candidates bared their platforms for overseas Filipino workers (OFWs) at a forum in January, weeks before the formal campaign period, now on its height, began…(keep reading Ruben Jeffrey Asuncion\’s report in OFW Journalism Consortium )