Health Minister Gan Kim Yong issued the vacuous assurance, that premiums under the new Medishield Life scheme will be affordable. A vacuous truth is a truth that is devoid of content because it asserts something about all members of a class that is empty - they haven't even figured out the numbers yet. With the next breath intake, he said the Government will subsidise the premiums for those who cannot afford them. Maybe we missed something here, why are subsidies needed at all if the premiums are truly affordable?
You've seen this line with "affordable" housing. On this point, the 25 year repayment schedule for a 4-room flat indicated by the PM implies an Affordability Ratio (AR) of 5.9 (household income $4000, 4-room flat at $285,000 BTO price). The Demographia International Housing Affordability Survey 2013 defines affordability as 3.0 and under, i.e. you should be able to pay off the mortgage with 3 years' total annual income. According to the report, surveys indicate that many households are having children later, or not at all, because housing conducive to raising children is unaffordable. Next to the nefarious stop-at-two campaign, housing unaffordability has to be key to a declining population. Father and son may tell you different, but truth always prevails.
By their benchmark, a $100,000 Certificate of Entitlement (COE) is also affordable. Their line of reasoning started off with the quip, “People support CPF cuts because there are no protest (sic) outside parliament.”
Faith is defined in the dictionary as strong or unshakable belief in something, especially without proof or evidence. Blind faith is unquestioning of anything that is dictated by the religion of choice, no matter how foolish, or even if one "rule" (or "guideline") contradicts another. Now, what was that guy at the podium asking you to subscribe to?