Govt underspending has a simple cause: Incompetence

LATER this afternoon, President BS Aquino 3rd will deliver his final, highly anticipated State of the Nation Address.

A large part of the reason this year’s SONA is so highly anticipated is that it is indeed Aquino’s last. Suggestions over the past two years that he remain in office by some means after the expiration of his term on June 30, 2016 having been met by most of the public, media, and political analysts with a reaction that could be politely described as “revulsion,” Aquino seems to have resigned himself to trying to influence the selection of his successor.