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To: Sabramerican
This is nice but...why in blazes were we giving any aid to Saudi Arabia, one of the richest countries in the world?
7 posted on 06/09/2006 1:38:21 PM PDT by Rummyfan
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To: Rummyfan

Why are we spending 21 billion dollars on foreign aid at all when we have a massive national debt that we need to pay off? How do we ever expect to pay off $8,375,109,838,212? Especially the way the current financial system works. From my understanding (please correct me if I'm wrong and you are more knowlegable in this area) instead of the government issuing money itself like its supposed to, it asks for loans from the Federal Reserve bank. That means everytime money is issued, the government is not issuing the money, it is really asking the Fed Reserve Bank to loan money to it on interest. When the Fed Govt wants to pay the loan back it asks for another loan to pay the money back (also on interest). (It is kind of like using a credit card to pay a credit card bill). The net result is that we can never pay back the national debt, and the amount we owe in interest keeps increasing because we keep paying for it based on loans.


15 posted on 06/09/2006 3:47:45 PM PDT by old republic
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