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US/EU To Give $20B To The ‘Arab Spring’

From an endlessly generous (with other people’s money) Associated Press:

Rich nations to offer $20B for Arab Spring

By Greg Keller, Associated Press – Fri May 27, 2011

DEAUVILLE [sic], France – The Group of Eight rich nations will offer about $20 billion in pledges and commitments for Arab countries that have thrown out autocrats and are struggling to build new democracies, European officials said Friday…

Only $20 billion dollars? Now we know why they call it, ‘Dough-ville.’ Still, note how the AP includes the United States as one of the "rich nations." Even though we are the largest debtor nation in the world – and by a wide margin.

Incidentally, the oil exporting countries of the Middle East are the fourth largest holders of American debt. So, in effect, the US will be borrowing money from the Middle East in order to give it to the Middle East.

European officials say the global figure for pledges of aid will be about $20 billion. The officials spoke on condition of anonymity because the discussions are still under way. It is unclear what the money would go for

It isn’t unclear at all. It will go for the same things that foreign aid always goes for – lining the pockets of tinhorn dictators in the hopes that they will love us. After all, look at how giving $20 billion dollars in aid to Pakistan has made them love us.

U.S. and European officials had said that it’s too early to come up with firm dollar figures but that they would come up with a general plan to encourage investment and growth.

After all, we have seen how well nearly a $1 trillion dollars in ‘stimulus’ has encouraged investment and grown in our own country. Of course it will work better in the Middle East. It’s not like they have a history of rampant corruption.

The International Monetary Fund told the G-8 leaders it is ready to loan up to $35 billion to oil-importing countries in the Middle East and North Africa, to help the region meet goals on growth, stability, job creation and improving living standards.

Is this $35 billion in loans (from the IMF) on top of the $20 billion (from the G8) mentioned earlier? Who knows? Who cares? Except that we should bear in mind that at least 40% of the funding of the IMF comes from the US taxpayer.

The IMF says that Tunisia, Egypt and other non-oil producing countries in the region could need more than $160 billion overall in external financing through 2013

Apparently the folks at the IMF have developed a real taste for rape. It really is a shame that there aren’t any rich Muslim countries in the area who could help them out.]

This article was posted by Steve on Friday, May 27th, 2011. Comments are currently closed.

5 Responses to “US/EU To Give $20B To The ‘Arab Spring’”

  1. Warren says:

    We are broke, in debt, and yet we want to give money to a LIE! Yeah, sure.

  2. Liberals Demise says:

    “European officials say the global figure for pledges of aid will be about $20 billion. The officials spoke on condition of anonymity because the discussions are still under way. It is unclear what the money would go for…”

    Well…………there you have it.
    Most of this money will come from the United States of Indentured Taxpayers.

  3. Rusty Shackleford says:

    I’m not sure which bothers me more: The absolute waste of money or the fact that the sand-people play us for saps.

  4. canary says:

    Is Egypt’s and Tunisia’s economy bad when they’ve taken over a month ongoing vacation; celebrating in the streets paid for by the poor U.S.

    Billions given to Egypt after they announced their new partnership and opening border with Hamas terrorists and reports are al-Qaida and add the new Communist party started in Egypt. Deliberate insanity.
    —————————-

    News Israel struggles to stop weapons smuggling at sea
    (AP) – 17 hours ago

    http://www.google.com/hostednews/ap/article/ALeqM5jmXSoF9Lc_dw4M5VIrSWSVh8KQvw

  5. Not so fast says:

    RICH!?!? Who in the hail are you calling rich!?!? Do they even know who our President is?


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