Friday, June 03, 2011

Giving handouts to countries to which we are in debt!

Our government appears to be absolutely insane (or much more corrupt than I had imagined)! We are handing out over a billion dollars in foreign aid to countries who charge us interest on our debt to them.

Surely there must be something about this story that I am not understanding. Are we really handing out free money to countries that turn around and lend money back to us with interest? Instead of giving them handouts, why don't we use the money to pay down our debt to these countries?  What am I missing?

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