I have been reading some articles on the Internet about how some of the developed nations are planning to forgive up to $55,000,000,000.00 in debt owed by some of the underdeveloped nations, and that's fine. What I am wondering, however, is this: Where is the money going to come from to pay off these debts?
What's that you say? The governments of the world's richest nations? But governments, themselves, don't have any money of their own. The only money that they have is money that is given to them, or coerced by them, from their own citizens. Isn't that correct?
Isn't it also true that the United States of America is generally conceded to be the "richest" country in the world? The individuals of which country, do you suppose, will shoulder the bulk of the burden of debt forgiveness? If you answered "the United States of America," how would you reconcile that with the suggestion by Jan Egeland, U.N. Undersecretary-General for Humanitarian Affairs, that the United States is "stingy" with relief funds?
I'm just sayin'.
No comments:
Post a Comment