With America still drowning in debt, critics in and outside of Congress say it’s time to reassess U.S. foreign aid -- especially to China.
"We started looking at the contracts and it was rather amazing that the No. 1 recipient of these taxpayer dollars were Chinese-state owned corporations," said Sen. Jim Webb, D-Virginia, referring to $320 million dollars worth of U.S. government contracts let to China. "I think we can take a good hard look where we're giving foreign aid."
This is the most crazy thing I have ever heard. Is there no one in the Government that could do something to change this. To think I've lived all this time just to "throw" America under the bus makes my blood boil!!!
ReplyDeleteHow about we give tax credits to Americans that own a business rather than let the nonamerican owners go tax free for years.
ReplyDeleteIt is about time that Congress realizes what the ordinary citizen already knows and has been opining on! Duh! Why should Social Security & Medicare cuts, tax increases, etc for working and retired Americans pay for anything in China? I understand we owe them a debt which we will have to pay back; but if we had cut all the unnecessary and excessive foreign aid, we would not have had to borrow to begin with. Congress and Administration is full of dumb a$$e$!
ReplyDeleteWe give "foreign aid" to China whenever we buy their cheap products!
ReplyDeleteI agree that foreign aid should be cut, but let's be realistic about how much of our federal budget is made up of foreign aid. It's about 1%. The idea that "if we had cut all the unnecessary and excessive foreign aid, we would not have had to borrow to begin with" shows complete and total ignorance about how much the federal government spends and where the money goes. We could eliminate all foreign aid tomorrow and it would do basically nothing to fix our country's fiscal problems.
ReplyDeleteIt is not foreign aid - it is embezzlement
ReplyDelete8:29, thats the good ol' tea party that you are responding to. Such informed citizenry
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