Singapore Debt Crisis Solved By Everyone Just Ignoring Their Credit Cards

In a shocking revelation that surprised absolutely no one, Singapore’s Ministry of Finance (MOF) today announced a groundbreaking new national savings initiative: encouraging citizens to simply stop paying their credit card bills. “It’s fiscally responsible, actually,” explained a spokesperson, wiping sweat from his brow. “If everyone defaults simultaneously, the banks collapse, the debt vanishes, and we all start fresh. It’s like a national debt reset button, except the button is labeled ‘Maximum Interest Rate.’” Local financial analysts praised the bold move. “Wah lau eh, finally lah! My Visa bill so thick already, can fold into a boat and sail to Batam already,” exclaimed one resident, currently using his supplementary card to prop up a wobbly table. The MOF insists this is merely an ‘aggressive liquidity management strategy,’ promising citizens they’ll be ‘financially leaner’ by 2050. They advised citizens to frame their ‘Final Notice’ letters for motivational purposes.