[PatrioticAmerican]

Another $5 billion on top of the $4,000+ billion we have already spent. Yeah, money is the problem: The lazy SOBs sucking off the rest of us don't want to earn any for themselves!

[GeronL]

$5 billion over 3-5 years...hhmmm... sounds like a PR stunt with those low ball numbers. LOL, lets my the third world tic-tacs!!

[Shermy]

Globalism marches on. The subsidization of bad bank loans by the taxpayers disguised as charity. Wouldn't want the countries to default - the banks would have to take a cut in their profits. Funny, Americans don't get a subsidy when they go bankrupt.

It all sounds like fancy bank automatic payment withdrawal system - what the heck is that called anyway?

[Billy_bob_bob]

Spending more money to "combat global poverty" is a fool's errand. The single biggest problem preventing the creation of wealth in most of the world is the lack of the social and legal infrastructure that allows for the creation and protection of private wealth.

For example, the way that most people create wealth for themselves in first world countries is by purchasing and then improving a house. Over time the house (hopefully) appreciates, then it can be sold and the proceeds used to purchase a new (and hopefully nicer) home. We take that kind of transaction for granted here in the first world. But in the third world the simple act of establishing a title deed on any given piece of property is virtually impossible. Hence, any improvement that is going to be done upon said property is doomed to be very limited, since whoever is considering improving the property knows that they will not be able to either sell it or defend it against anyone who tries to take it from them.

Until the third world nations that demand our wealth and our standards of living develop the social and legal infrastructure needed to promote the creation of wealth and the protection of wealth, they will simply never have any wealth. Not for lack of resources or the willingness to produce, but for lack of the basic social and legal infrastructure that allows resources and efforts to take hold and grow into wealth.

[Feiny]

5 billion here....5 billion there....pretty soon, you are talking about real money.

[Gatún(CraigIsaMangoTreeLawyer)]

Isn't it wonderful how our president gives our money away as if it were his own private bank acount?

[greenhornet68]

The War On Poverty has been a dismal failure here and now we're going to extrapolate that failure globally. What a great idea...and it sounds so good too. Does this have implications for Monterrey next week?

[lewislynn]

Most rich countries still fall well short of the United Nations' target of 0.7 per cent of national income in aid

That line explains the entire article.....

[Anticommie]

Bush promises $5bn aid to combat global poverty

Translation: Bush sinks another $5bn in botomless barrel forcing US taxpayer to slave 6 months of the year to support domestic and international bums.

[pgkdan]

And we thought LBJ had delusions of grandeur with his war on poverty in the US...W wants to throw our hard earned money at GLOBAL poverty. He's sounding more like a liberal every day!