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To: harpseal
"Day to day operations are supposedly funded by current income . however, the unfunded liability is a US taxpayer expense. Now you may not understand such difficult concepts as unfunded liability and unearned premium but they are essential insurance concepts."

Oh, I understand those concepts. I also understand OPIC operates at a profit, it's risk insurance has not cost the US taxpayers (remember OPIC operates at a net profit), and has created 245,000 US jobs.

"I saw about how supposedly their current operating revnues cover their current operating expenses but unless the company is maintaining reserves to cobvver reasonable risk they are underwriting then it is a government handout."

Then you also must have noted that OPIC has $4B in reserves? Also OPIC exposure to any single project is strictly limited.
120 posted on 06/15/2003 5:01:59 PM PDT by DugwayDuke
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To: DugwayDuke
Hey if it operates at a profit then why would you object to defunding this operation and getting the US government out of the business. Government is not supposed to operate business at a prfoit according to your statements and while I question any statement this company makes about jobs created yopu are the one who has argued that government is not responsible to create winners and losers that I agree with and obviously OPIC is creating winners and losers.

If OPIC is a profit making venture then it should not be a government agency because it should be done by private enterprise as the government agency is competeing with an entrepenuer that would set up such a profit making corporation.

If it is a government subsidy then it is a harm to many Americans by subsidizing the investment of capital in foreign nations in which case it should be defunded aka abolished, sold off as a stickholder company and teh proceeds from that sale put in the US treasury. If it had an initial funding then it is a government agency set up to subsidize the flow of capital from the USA. Now there nmay be times when such an economic move may make sense such as when the inflow of capital is causing an unusual bubble in teh economy but when that bubble has gone down it is time to change policies.

In brief you are so desparate for this agency of the US government to stay in operation I almost wonder if you work for them and then by definition the PRC.

130 posted on 06/15/2003 5:51:03 PM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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To: DugwayDuke
I also understand OPIC operates at a profit, it's risk insurance has not cost the US taxpayers (remember OPIC operates at a net profit),

I am healthy, can you insure me? You pay my medical bills when I get sick (remember I did not get sick so far).

How many businesses would "export" jobs to the unstable countries if taxpayers did not guarantee their safety?

164 posted on 06/16/2003 4:36:21 AM PDT by A. Pole
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