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1 posted on 07/06/2004 8:06:28 AM PDT by Tailgunner Joe
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To: Tailgunner Joe
Debt forgiveness is a popular concept these days. The fact of the matter is, $201 billion really isn't all that much- those loans come from the entire Western world and are a drop in the bucket. If the fiscal problems of Sub-Saharan Africa could be solved by cancelling the debt, I'd be all for it.

However, one of the conditions of such debt cancellation needs to be mandatory restructuring of those countries' economies and fiscal systems. That, unfortunately, isn't likely to happen.

46 posted on 07/06/2004 11:43:13 AM PDT by Modernman ("I don't care to belong to a club that accepts people like me as members" -Groucho Marx)
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To: Tailgunner Joe

How 'bout if we cancel our tax "debt" to your stinking university, Sachs?


48 posted on 07/06/2004 11:52:44 AM PDT by AmericanChef
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To: Tailgunner Joe
"Africa is the only continent where child malnutrition is getting worse rather than better," he said. "Tragically, the past decade has seen very little progress."

We spent billions of dollars on Africa and all we got was genocide. Giving money to an african country is like giving money to the UN 'oil for food' program. Increasing the amount of aid is not the problem. It's the corruption.

52 posted on 07/06/2004 12:23:44 PM PDT by rudypoot (Rat line = Routes that foreign fighters use to enter Iraq.)
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