A year of mild pleasant surprises has come to a close, but its unresolved questions would generate quakes this year. Where are the fault lines and could we approach them like futurists using due diligence in our review?<\/p>\n
Turn the page to 2017 and there we find critically important and challenging issues trumpeting the same themes since last year.<\/p>\n
Uppermost is the mounting deficit and obligations that increases by leaps and bounds. It dims our ability to deal with them. It portends likely financial hickups or paralysis up ahead.<\/p>\n
But there\u2019s guarded hope that something would break for the better. However, a lot depends on management skills and experience handling what\u2019s left of investments! The trickle expansion in revenue could very well be the last of it before it heads south permanently.<\/p>\n
There are major issues that aren\u2019t necessarily visible that could slowly paralyze the NMI over the next two years. The tap dance between Trump and Jinpi\u00f1g could easily turn out of sync, if not explosive. <\/p>\n
The relationship between Trump and Jinpi\u00f1g reminds me of the saying, \u201cWhen two giants fight the grass gets crushed.\u201d The answer is obvious and any discussion about being reduced to fiscal paralysis is a given. How would we fare after elbowing Japan and Korea out of the islands?<\/p>\n
Turn north and review the implications of the eventual opening of the casino industry in Japan. It would build competitive casinos. It has mature basic infrastructure to do it. We thought we did but don\u2019t have anything to our name except the comforts of ad hoc disposition. We don\u2019t even plan for our future. It\u2019s all \u201cque sera\u201d in the stormy sea of ad hoc undertaking.<\/p>\n
The decision of the U.S. Senate to skip the CW-2 request is a loud message it has no interest considering the so-called dire need. The national Republican troops have had enough with Obama\u2019s failed amnesty program. This plus a local increase in the minimum wage would adversely affect the small business community here. Have these been given due diligence?<\/p>\n
Land compensation would be a big fiscal challenge given its sizeable monetary requirement of over $80 million. It\u2019s good, though, that the path to resolution is now moving somewhere. Hope that the pile of debts and obligations would sail through without any adverse effects on the quality of public services. It\u2019s a definite challenge!<\/p>\n
Seismic rupture:<\/strong> There are seismic rumblings jolting I Deni or Capital Hill. Learned it\u2019s an eruption between Raffy and Biktot as the two individually eye prospects for the 2018 gubernatorial contest. Must have erupted into a love-hate relationship level by now. It\u2019s the buzz on the hill. Will it be the same tandem or a parting of the ways?<\/p>\n Both have excess baggage to contend with as they plan their next move. The former must answer questions about nepotism, the hallmark of his tenure; while the narcissistic Biktot the failure of everything he touches. Though the local court has absolved him of the $400,000 lawsuit, he still owes taxpayers their dues, if there\u2019s still some semblance of conscience left in him. Then there\u2019s the long parade of other lawsuits awaiting him in federal court.<\/p>\n Raffy is more empathetic than Biktot. If you\u2019re in his circle of political loyalists you\u2019re in good hands. But both had to muddle along at the helm without a public mandate fouled by an acquiescence of the AG\u2019s opinion. I call their tenure \u201calleged\u201d heads of state. Well, the AG had the multitude sowing the mess he\u2019s sought! <\/p>\n Interesting to gauge if the guys haven\u2019t individually or collectively squandered the company store? Are they still in tune with issues that are now the mouthwash of discussion among the multitude? Or has the elitist culture blinded their once humble demeanor?<\/p>\n While Raffy shops around for a partner, Biktot knows that his 400 votes from Rota piled by the loss of confidence at home aren\u2019t forte he could bring to the table. Raffy would be scratching his head all the way to jet ways to think through the glaring liability while junketing on our dime. <\/p>\n Old retirement:<\/strong> The new longstanding obligation is the old retirement program that is still owed some $779 million. It went broke when governors, since 1982, simply failed to pay employer\u2019s contribution into the program.<\/p>\n Its bankruptcy was fast forwarded when two new ones were implemented\u2014defined contribution and defined benefit\u2014nearly 10 years ago. The old program was abandoned when its members moved into one of two programs. It further drained the old system of money for retirees paid for by current employees.<\/p>\n Most members withdrew their contributions and subsequently joined the ongoing system in place. This too drained the old program beyond our wildest imaginings. Some have evacuated to greener pasture. Some enrolled with the U.S. Social Security program, others skipped convinced they\u2019d get paid at age 65. Well, only contributing members could reap the benefits of SS monthly stipend.<\/p>\n The issue that seems to have escaped current retirement members is their monthly pension upon exiting government service. Have you looked into your future monthly income or annuity? If you were paying for real estate loan and real estate insurance or first family home, would there be enough for this and other family obligations like a family car and healthcare cost? It\u2019s time to probe the issue just so you know you understand what\u2019s coming down the pike.<\/p>\n Don\u2019t forget, social security benefits are limited to contributing members only. The fallacy that you\u2019d get paid automatically at age 65 without contribution is dead wrong. Check this issue out before it\u2019s too late. I bring these issues to you for your own benefit. Discuss them with the settlement fund and SSS. <\/p>\n","protected":false},"excerpt":{"rendered":" A year of mild pleasant surprises has come to a close, but its unresolved questions…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[68,256,170,399],"class_list":["post-243636","post","type-post","status-publish","format-standard","hentry","category-opinion","tag-ag","tag-casino","tag-japan","tag-social-security"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/243636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=243636"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/243636\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=243636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=243636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=243636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}