Feature Article: US Gives Millions in Aid to Countries IT BORROWED FROM!

via Fox News

Here in the United States, we thought it would be a good idea to hand out 1.4 billion in aid to 16 countries to which we already owe money! Just think of that! We gave China 27.2 million,  Brazil 25 million, Russia 71.5 million, India 126.6 million, Mexico 316.7 million, and Egypt 255.7 million. This money went to AIDs prevention, combating weapons of mass destruction, fighting tuberculosis, and counterterrorism efforts. However, these countries already hold United States Treasury Bonds! Lets take a look at the rankings: 1. China with 1.1 trillion dollars in bonds in March, 2. Brazil with 193.5 billion, 3. Russia coming in at 127.8 billion,  4.India with 39.8 billion, 5. Mexico had 28.1 billion, and our last competitor, Egypt, coming in at 15.3 billion.

Perhaps this could count to repaying them? However, the amount we gave them seem small. China: owe 1.1 trillion, gave 272 million; Brazil: owe  193.5 billion, gave 25 million; Russia: owe 127.8 billion, gave 71.5 million; India: owe 39.8 billion, gave 126.6 million; Mexico: owe 28.1 billion, gave 316.7 million; and lastly Egypt: owe 15.3 billion, gave 255.7 million (at least we weren’t arming al-Qaeda, oh wait…).   While the amounts are smaller in comparison, they are still huge. I don’t want to make it look like I hate trying to prevent AIDS, stop weapons of mass destruction,  fight tuberculosis, and stop terrorism.  All of these are great things! However, it is not sustainable. One of the strong suits of a government is the ability to find a balance between helping the people of its nation, helping the world, and having fiscal responsibility when running a country. However, the Obama administration has clearly not understood the last criteria (Please see the graph to the right. Notice it is by year, not presidency. Look from 2009-2011. Surprised? It’s in trillions by the way). They have consistently overspent again and again.

The report can be found here.

Regardless, Sen. Tom Coburn stated:

“Borrowing money from countries who receive our aid is dangerous for both the donor and recipient,” Coburn said in a written statement. “If countries can afford to buy our debt, perhaps they can afford to fund assistance programs on their own.

“At the same time, when we borrow from countries we are supposedly helping to develop, we put off hard budget choices here at home,” he added. “The status quo creates co-dependency and financial risk at home and abroad.”

A very smart man. I notice he is a Republican. Coincidence? Shockingly enough, the State Department did not respond to a request by Fox News for a comment.