Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

US delinquent on payments as UN faces 'worst cash crisis' in a decade
The Hill ^ | 10/09/19 | Marty Johnson

Posted on 10/09/2019 11:59:36 AM PDT by yesthatjallen

The Trump administration owes the United Nations about $1 billion in payments at a time when the multilateral organization said it is facing its "worst cash crisis" in a decade, USA Today reports.

The U.S. owes $381 million in back payments and $674 million for 2019. Of the $1.3 billion owed to the U.N. by member states, the U.S. is responsible for more than $1 billion.

U.N. Secretary-General Antonio Guterres sent a letter to member states on Tuesday calling the current situation the "worst cash crisis facing the United Nations in nearly a decade."

Stéphane Dujarric, a spokesman for Guterres, said the U.N. "runs the risk of depleting its liquidity reserves by the end of the month and defaulting on payments to staff and vendors."

"The Secretariat could face a default on salaries and payments for goods and services by the end of November unless more member states pay their budget dues in full," Dujarric said in a statement.

SNIP


TOPICS: News/Current Events
KEYWORDS: 1moretime; trump; trumpun; un; unitednations
Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-115 last
To: yesthatjallen

Now they know how the U.S. feels when all the other countries stiff them.


101 posted on 10/09/2019 2:15:40 PM PDT by Old Yeller (Auto-correct has become my worst enema.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: yesthatjallen

F*** the UN.


102 posted on 10/09/2019 2:18:41 PM PDT by MIchaelTArchangel (Has anyone checked on Ginsburg's health recently?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin
Maybe if the U.N.uses a really big stamp...


103 posted on 10/09/2019 2:38:16 PM PDT by moovova (You can't buy it back if you didn't sell it to me.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: yesthatjallen

“The U.S. owes $381 million in back payments and $674 million for 2019.”

Divert it to the border wall. That’d drive the libs insane...well further insane.


104 posted on 10/09/2019 2:44:50 PM PDT by LeoTDB69
[ Post Reply | Private Reply | To 1 | View Replies]

To: yesthatjallen

UN OUT OF US, US OUT OF UN


105 posted on 10/09/2019 2:45:43 PM PDT by karnage
[ Post Reply | Private Reply | To 1 | View Replies]

To: yesthatjallen

LOL. Trump has made it clear other nations are stiffing us on the bill. I love how he is handling this. “Never let a crisis go to waste”.

Great job Mr. President. Amazing man. I would be tempted to make him King for life. We could sure use someone like him after his 2nd term ends.


106 posted on 10/09/2019 2:49:55 PM PDT by Freedom_Is_Not_Free (What profits a man if he gains the world but loses his soul?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Windflier

I notice they didn’t mention how far in arrears other member countries are.
________________

The article says:

“Of the $1.3 billion owed to the U.N. by member states, the U.S. is responsible for more than $1 billion.”

The dog ate my wallet. hee hee.


107 posted on 10/09/2019 3:20:09 PM PDT by KittyKares (Drain the Swamp)
[ Post Reply | Private Reply | To 6 | View Replies]

To: yesthatjallen

Dang, It must have gotten lost. Let’s see, if it doesn’t arrive in the next 4 weeks please come back and file a complaint and we will see what we can do...


108 posted on 10/09/2019 3:23:06 PM PDT by Agatsu77
[ Post Reply | Private Reply | To 1 | View Replies]

To: Robert DeLong

However, in 2017 the U.S. paid 10 billion on an assessed amount due of 3.5 billion. So we paid 7 billion more than we needed to.
__________________
What?! We are in debt. I don’t think throwing $7 billion into that money pit is a good use of taxpayer money.

Everywhere President Trump has looked has so much that needs to be cleaned up. I’m glad now it’s the turn of the UN welfare payments.


109 posted on 10/09/2019 3:29:48 PM PDT by KittyKares (Drain the Swamp)
[ Post Reply | Private Reply | To 77 | View Replies]

To: yesthatjallen

It’s my understanding that the UN is a sovereign state like the Vatican, meaning they own the land and building independent of the USA. Am I wrong? I hope so.


110 posted on 10/09/2019 5:56:55 PM PDT by WWG1WWA ("Brothers, what we do in life echoes in eternity." - Marcus Aurelius)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rrrod
But I wonder who controls the pensions?

There’s a separate UN pension organization. UN staff from all agencies contribute 7% (IIRC) which is matched by the organization they work for. Vesting takes 15 years, which only a small percentage reach. Partial vesting takes 5 years, I think. So those who get pensions are subsidized by the massive contributions paid by the organizations for those with no vesting or partial vesting. Now, the organizations don’t really pay the retirement, but whatever nation funds them, such as USA.

I’d estimate 3% to 5% of the billion supposedly owed will go to the pension fund.

111 posted on 10/09/2019 6:00:52 PM PDT by The Truth Will Make You Free
[ Post Reply | Private Reply | To 81 | View Replies]

To: yesthatjallen

This is great news. I hope the electricity, water, natural gas, and garbage services are all cut off. Maybe the building can be put up for sale and all the grifter delegates moved to a makeshift building in Harare.


112 posted on 10/09/2019 6:04:57 PM PDT by SharpRightTurn (Chuck Schumer--giving pond scum everywhere a bad name.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: The Truth Will Make You Free

Whoa...thanks for the info


113 posted on 10/10/2019 2:11:43 AM PDT by rrrod
[ Post Reply | Private Reply | To 111 | View Replies]

To: yesthatjallen

So - how much do all the other nations owe? Love that President Trump also keeps promises about not paying more than our fair share - especially when others pay even less.


114 posted on 10/10/2019 3:10:24 AM PDT by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Windflier

Egg-zactly!


115 posted on 10/10/2019 3:10:55 AM PDT by trebb (Don't howl about illegal leeches, or Trump in general, while not donating to FR - it's hypocritical.)
[ Post Reply | Private Reply | To 6 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 41-6061-8081-100101-115 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson