As of yesterday, the U.S. was borrowing 42% (42 cents) of each dollar it spends. This negative situation gets worse everyday with each dollar the Federal spends or gives away. That means, we are giving away money to non-U.S.projects and to be able to do so, we are borrowing money to give it away. Then, we must pay the money back with interest on that borrowed money.
The present administration is using Compressional authorized programs like the Ambassadors Fund to do this. Past administrations have done the same for other projects. Maybe this was okay when the United States had control of our spending and the economy, and we were not borrowing to pay the debt. We can no longer afford to be "nice ambassadors."
We are broke! We should not be borrowing and taking the money from future citizens to give to these foreign projects. In fact, if our economy does not survive, we will not be able to help any other country.
Let demand a stop to this insanity. CUT this spending. What is your opinion? Should we continue to borrow to give away or should we stop U.S. Aid projects to rebuild Mosques or other religious buildings in foreign countries and establishing Internet for others in foreign countries?
The following video was an investigative report by WBSTV Channel 2:
Tags: US Debt, borrowing, funding foreign projects, mosques, sewer systems, Internet projects To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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