Why is the US borrowing billions of dollars from world banks to rebuild other countries? while our own USA ...

Question

is crumbling. Why do we spend so much money on foreign aide. when we so desperalty need it here in our own back yard.

We will go and help Myannar, but we will ignore, our fellow americans with Katrina or the people in the mid-west with all the destruction of tornadoes. I'd like to see the US go into isolation from the rest of the world. and start taking care of ourselves first. But big business and the big banking familes will not allow it.

Answer 1

SICK, isn't it?

It is interesting to find out who "owns" our debt and infrastructure...and how little of it belongs to American citizens.

Answer 2

Sure.

Why not?

Must be a good investor?

A wise one too?

With good rate of  return on investment?

Luke 16.1-8

What do you think?

Answer 3

Of the $122.8 billion of foreign aid provided by Americans in 2005 (the most current data available), $95.5 billion, or 79 percent, came from private foundations, corporations, voluntary organizations, universities, religious organizations and individuals, says the annual Index of Global Philanthropy.

U.S. official development assistance (ODA) in 2005 was $28 billion, the largest of all official donations by an individual country. But, according to the often-quoted measure used by the Organization for Economic Cooperation and Development, which compares government aid as a percentage of a country’s gross national income (GNI), U.S. government aid is only 0.22 percent of GNI, which ranks the United States as the 20th of the 22 listed donor states.

--------------------------------------...

So, your conclusion is nuts, because the US spends far more money at home, than the paltry sums that it spends abroad.

But, lets consider how much *foreign money* the US needs:

The US debt in the hands of foreign governments is 25% of the total[32], virtually double the 1988 figure of 13%.[33] Despite the declining willingness of foreign investors to continue investing in dollar denominated instruments as the US Dollar has fallen in 2007,[34] the U.S. Treasury statistics indicate that, at the end of 2006, foreigners held 44% of federal debt held by the public.[35] About 66% of that 44% was held by the central banks of other countries, in particular the central banks of Japan and China. In total, lenders from Japan and China held 47% of the foreign-owned debt.[36

--------------------------------------...

So, the US actually sucks up a lot more money from overseas, than it sends out. So, go ahead, make the US isolationist: Then YOUR taxes will go up a LOT, to make up for all that *foreign borrowed money* that will be cut off.

Sheesh.

Answer 4

It's not short term assistance like Myannmar that's making the difference.  It's pumping $12 BILLION into Iraq.  I bet most of that cash is going to Halliburton and other Bush pals.

Answer 5

Not true, There is more money given away n this country then we know. There are however, petty politics that get in the way on some relief effort here, like Katrina. But for the most part this country loves to spend money. Out politicians are in it for their won personal gain; money, fame, and power.

http://www.philippinesnews.net/story/319...