20 Aug '12 03:34>
http://www.thedailybeast.com/newsweek/2012/08/19/niall-ferguson-on-why-barack-obama-needs-to-go.html
right on now..
right on now..
The ratio that matters is debt to revenue.
Originally posted by AThousandYoungU.S. foreign aid has a variety of goals. Among them, lifting people out of poverty, promoting democracy and economic stability worldwide, and bolstering strategic alliances. According to the government’s user-friendly Web site, www.foreignassistance.gov, Uncle Sam doles out “more than $58 billion a year in foreign assistance through more than 20 agencies.” More than half of that, roughly $37 billion, is managed by the State Department and USAID.The ratio that matters is debt to revenue.
Hmm. How can we improve such a ratio?
Well, we can try to reduce debt. How do we reduce debt? We need revenue.
Or we can increase revenue. Sounds like both ends of this "ratio that matters" are requiring higher taxes.
You think Romney/Ryan can improve that ratio with their plans to cut taxes?
Originally posted by AThousandYounghaven't seen their plan to cut taxes.....The ratio that matters is debt to revenue.
Hmm. How can we improve such a ratio?
Well, we can try to reduce debt. How do we reduce debt? We need revenue.
Or we can increase revenue. Sounds like both ends of this "ratio that matters" are requiring higher taxes.
You think Romney/Ryan can improve that ratio with their plans to cut taxes?
Originally posted by Hugh GlassA large percentage of 'foreign aid' actually returns to the donor country. This is especially the case when it is governmental aid. Usually at least half the funds go to pay salaries of employees from the home country.
U.S. foreign aid has a variety of goals. Among them, lifting people out of poverty, promoting democracy and economic stability worldwide, and bolstering strategic alliances.
Originally posted by Hugh GlassAnd you will probably find that much of that money is used buying overpriced drugs from US companies - and the real purpose for doing so is to stop generics from India and Brazil.
In China and Nigeria, more than half of the requested budget for foreign aid to those countries is aimed at helping those countries fight HIV/AIDS.
Originally posted by Hugh GlassThe US government gives out money to everone it can. Forieng countries, the rich through corporate welfare, the poor through welfare etc. In fact, if we found alien life in the universe they would probably try to buy them off as well. All they ask is for our submission. Is it too much to ask?
U.S. foreign aid has a variety of goals. Among them, lifting people out of poverty, promoting democracy and economic stability worldwide, and bolstering strategic alliances. According to the government’s user-friendly Web site, www.foreignassistance.gov, Uncle Sam doles out “more than $58 billion a year in foreign assistance through more than 20 agencies. ...[text shortened]... jobs....and some responsible spending cuts... what's up with aid to China and Russia? CUT it...
Originally posted by whodeyIn fact, according to Wikipedia, “only about one fifth of U.S. aid goes to countries classified by the OECD as ‘least developed.’". In other words, they strongly prefer giving to the rich.
The US government gives out money to everone it can. Forieng countries, the rich through corporate welfare, the poor through welfare etc.
Originally posted by twhiteheadBecause they depend on the rich to keep them in power.
In fact, according to Wikipedia, “only about one fifth of U.S. aid goes to countries classified by the OECD as ‘least developed.’". In other words, they strongly prefer giving to the rich.
Originally posted by Hugh GlassSo you want to "help people here"... but then, when a possible means of doing so (bailing out homeowners in default in California) becomes apparent, you refuse to do that to.
anyway, stop giving it out.. why not help people here...?? it looks like we will bail out most of the homeowners in default in CA now,, what gives, let them fail..
Originally posted by Hugh GlassNiall Ferguson isn't some right wing radical, and Newsweek isn't Fox News. When you run on hope and change, and the changes leave little hope, it is time to go.
http://www.thedailybeast.com/newsweek/2012/08/19/niall-ferguson-on-why-barack-obama-needs-to-go.html
right on now..
Originally posted by AThousandYoung"Hmm. How can we improve such a ratio?"The ratio that matters is debt to revenue.
Hmm. How can we improve such a ratio?
Well, we can try to reduce debt. How do we reduce debt? We need revenue.
Or we can increase revenue. Sounds like both ends of this "ratio that matters" are requiring higher taxes.
You think Romney/Ryan can improve that ratio with their plans to cut taxes?