As I mentioned on yesterday’s show, with our economy in ruin and so much debt that the next six generations are already bankrupt, we are giving developmental aid, to China. As Bloomberg Business Week reports:
A bipartisan group of senators is calling for an end to tens of millions of annual U.S. development aid to China, saying there are more needy countries than the world’s second-largest economy, which has trillions in foreign reserves.
The eight Democrats and four Republicans made their appeal Thursday to a Senate appropriations committee that must approve foreign aid funding for the fiscal year starting in October.
They urge an end to all development aid for China other than for Tibetans and for promoting human rights.
They say since 2001, the U.S. has provided more than $275 million in direct assistance to China, such as for expanding Internet access and improving public transportation.
And some people think we’ve been throwing our money away at this point?
I guess I understand why Liberal Death Star dolt Thomas Friedman thinks we should want to be China for a day.