Why is Egypt getting $1 Billion in debt relief from our government - but you and I aren't?

[MannyGoldstein]

U.S. Is Near Pact to Cut $1 Billion From Egypt’s Debt

Because our government is scared of Egyptians not liking us, but unafraid of you and me?

Wake up, folks. Until our government is scared of us, this depression will continue as will the continuous showering of gifts unto the bankers.

[Dkc05]

1. sucks. we should give each american 100,000

And we would have a great economic boom

[MercutioATC]

6. You DO realize that $100,000/per American adds up to a LOT more than $1B, right?

Hell, let's give every American $500,000...maybe $1M...

[cynatnite]

2. Giving them the money means stabilizing the govt...

Egypt is of strategic interest to the US for a lot of reasons...most importantly...OIL.

Agree with it or not, the US wants a stable government in that part of the world and will pay a billion bucks for it. Old Hosni got the cash before he was booted out of power.

Pakistan is another one who gets huge sums of cash to help ensure their stability.

It's fucked up, but that how the US has done business for some time.

[elleng]

3. Due to

the importance of shoring up Egypt at a time of turmoil and change across the Middle East, including the relatively peaceful uprisings in Egypt and Tunisia, Libya’s unfinished transition, the showdown over Iran’s nuclear program and the war in Syria.

http://www.democraticunderground.com/1014217664

Got it?

[MannyGoldstein]

5. If we have turmoil and change across the US, then

We'll get help, too. Until then, bupkes.

[former-republican]

4. Oil

Just about every foreign policy decision made can be traced back to OIL

[JI7]

7. so they wont go to war with Israel

[SoapBox]

8. I must say...

It's way, way over due, that we get stuff taken care of here at home for a change.

Strategic...keep'n them friends...blah, blah, blah. How many billions or trillions do we give away to everyone else around the world?

And now, the Baggers and Bullies want to cut away even more!

Time to take care of the "Homeland".

[Major Hogwash]

9. It's because you and I don't have any pyramid . . .

. . . schemes.

Bada-bing!!!

[limpyhobbler]

10. so true.

[pampango]

12. Common Dreams: Cancel The Crushing Debt Of Third World Countries; Iowa GOP: cancel foreign aid

But what of poor nations who borrowed from banks fat with OPEC deposits in the '70s in order to pay high oil bills and maintain rates of economic growth that were already behind those of rich nations.

What can they do to satisfy the demands of nations and institutions that want the loans repaid? Where can they go to find relief and to recover their dignity?

One answer floating about is to relieve the debt of the world's poorest countries - to cancel it. And, while Jubilee 2000 believes that "canceling the crushing debt burden of poor countries is a matter of justice and compassion," it wants you to know that forgiving the debt also serves the self-interests of people in rich countries, who are affected by economic, social and environmental problems in poor countries.

Forgiving the debt will not eliminate Third World poverty, but it is a necessary first step. Can we afford $4 a year over the next 20 years? Jubilee 2000 and an increasing number of world leaders argue that we cannot afford not to pay that $4 a year over the next 20 years, if our global community is to have even the slightest chance to succeed.

http://www.commondreams.org/views/041000-104.htm

"11.8 We support the elimination of foreign aid."

http://www.iowagop.org/about#platform

And republicans are more in favor of cutting foreign aid.



http://pewresearch.org/pubs/2027/foreign-policy-conservative-republicans-isolationism-afghanistan-libya