How to cut $1 billion from the budget. – Tea Party Nation
FEBRUARY 6, 2012
In this day of deficits there is one way we can cut a fast billion or so from the budget.
How?
From Newsmax:
Egyptian officials say 43 NGO workers, including 19 Americans, have been referred to trial before a criminal court for allegedly being involved in banned activity and illegally receiving foreign funds.
The decision on Sunday by investigating judges is likely to further sour relations between Egypt’s military rulers and the United States, the Arab nation’s chief western backer for more than 30 years.
Beside the 19 Americans, there are also five Serbs, two Germans and three non-Egyptian Arab nationals among the 43.
The Americans include Sam LaHood, the head of the Egypt office of the Washington-based International Republican Institute and the son of U.S. Transportation Secretary Ray LaHood.
I have a great idea. Let’s just cut all of their funding. Zero out Egypt’s funding. No military funding. No foreign aid. Nothing.
If they are going to do this to our citizens, then we can do what Rick Perry suggested.
The Obama Regime is actually threatening Egypt.
Also from Newsmax:
On Saturday, U.S. Secretary of State Hillary Rodham Clinton warned Egypt’s foreign minister that failure to resolve the dispute may lead to the loss of American aid. Washington is due to give Egypt $1.3 billion in military assistance and $250 million in economic aid in 2012.
A loss of that funding would be a blow to Egypt’s military rulers and the interim government, who already are struggling to meet the country’s needs.
The uprising a year ago sent in motion a downward fiscal spiral from which Egypt has yet to emerge. Tourism and foreign direct investment, two key foreign revenue mainstays, have been hit hard.
To cope with a budget deficit seen by many analysts as widening past the 8.6 percent of GDP which officials are targeting, the government has reached out again to the International Monetary Fund for a $3.2 billion loan. It has also submitted a request to the World Bank for $1 billion.
If Egypt wants to play hardball, fine we have the big stick. They can either let our people go or we can crash their economy. It is their choice.
How to cut $1 billion from the budget. – Tea Party Nation « Gds44′s Blog.
Related articles
- Egyptian delegation snubs US Senators amid NGO scandal (rt.com)
- Egypt sends 43 aid workers, including 19 Americans, to trial over illegal funds – Fox News (foxnews.com)
- US and Egypt clash over Americans accused of conspiracy (rt.com)
- Egypt to prosecute 43 NGO workers (cbsnews.com)
- Survey: Most Egyptians are against US economic aid (devex.com)
- Charges Against American Backed NGOs Threaten American Egypt Relations (ibtimes.com)
- Egypt sends 43 NGO workers to trial over funds (seattletimes.nwsource.com)
- US warns Egypt over detained NGO workers – CBS News (cbsnews.com)
- Egypt’s generals show no sign of concessions (ctv.ca)
- How to cut $1 billion from the budget. – Tea Party Nation (gds44.wordpress.com)
