Billions in aid, Arabs still hate USA

Washington DC - While America’s standing in the Middle East couldn’t get much lower, you wouldn’t know it looking at the U.S. foreign aid budget. Of proposed U.S. assistance for 2012, almost two-thirds is earmarked for Muslim nations and one-third goes to Arab countries. Yet, despite those billions in aid, opinion polls show most Arab citizens still have an unfavorable view of America and most Muslim nations routinely vote against U.S. interests in the United Nations. “If we are giving money to countries consistently voting against our interest, we ought to cut them off,” says Congressman Steve Chabot (R-OH) who sits on the House Foreign Affairs Committee. Years ago, U.N. Ambassador John Bolton proposed cutting off all aid to the 30 nations who consistently voted against the U.S. in the UN. Before him, President Reagan’s U.N. Ambassador Jeane Kirkpatrick proposed cutting off $1 million in aid for each vote an aid recipient cast against the U.S. in the U.N. In both cases, Bolton says the State Department overruled them.  More

Who Is Really Bailing out America? Is it the Chinese? or the Gulf Arabs?

Did you know that Of the $5.5 trillion to date that has been borrowed from the public by the Treasury, $3 trillion of it is Treasury debt owned by foreign central banks? True!

It turns out that the Chinese and other Asian countries (along with the Gulf Arabs and many other governments) have been generous and ready lenders to the US Treasury. The question remains whether they will continue to be. It took our fine republic a few hundred years to run up $5.2 trillion in debt, but over the next three years Treasury borrowing could exceed $8 trillion, a staggering 60% increase in the real national debt. Is it rational to believe that foreigners will double their holdings of US Treasury debt from $3 trillion to $6 trillion in the next three years? Yes, indeed! Where else would they get that amount of money?
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