Category Archives: Foreign Aid

Till Debt Do the US Apart

Debt, Economy, EU, Europe, Foreign Aid, Foreign Policy

In “One Nation Under Inflation,” I noted that “America’s debt-to-GDP ratio is larger than the European Union’s.” I was unaware that US debt “is greater than the combined debt of the entire Eurozone and the U.K.

America’s debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion. (All dollar amounts are in U.S. dollars, and the data refers to closing 2011 numbers.)
The Eurozone is larger than the United States, so America’s debt per capita also exceeds the Eurozone’s. According to the Census Bureau, the U.S. has a population of 313 million, whereas the Eurozone has a population in excess of 331 million.

(Weekly Standard)

Nary a mentioned was made of this apparently minor fact on Fox Business, while the Fox Business anchors discussed Christine Lagarde’s demands for more billions in bailouts from the US to the EU. “More firepower” is how the managing director of the International Monetary Fund described her agency’s requirements.

It’s Lagarde’s prerogative to ask for money to increase her bureaucracy’s sphere of influence. It’s the obligation of the ass with ears who leads the USA to turn her down.

So, it’s not Lagarde’s asking that ought to worry; it’s the fact that, according to Fox News, she expressed confidence that the US would do the “right” thing by her.

UPDATED: Jingoism Trumps ‘Jingle Bells’ in Nov. 22 Republican Debate

Elections, Foreign Aid, Foreign Policy, Homeland Security, IMMIGRATION, Iran, Israel, Military, Nationhood, Republicans

CNN’s co-sponsors of the Republican debate from Constitution Hall, in the nation’s capital, were the Heritage Foundation and the American Enterprise Institute. That fact set the jingoistic, interventionist tone for the evening. There were lots of leading questions from scholars of these respective special interests. Implicit in all these questions was the demand for a better-defined role (read war) for America in Iran, Syria (“no fly zone”) and Sudan (all the better to inflame and focus the local Al-Qaeda chapter).
Mitt Romney ended this long, two-hour session by cementing the position of all the Republican candidates, bar Ron Paul and Jon Huntsman to a lesser degree: American exceptionalism means asserting America’s military superiority. Unclear was how that position coincided with US economic bankruptcy.

In the next hour, I will be teasing out the details of the debate for you with the analysis you’ve come to except here at BAB (donation buttons to the left of you).

Humorous highlights (all the more essential given the fact that these are dead-end debates; the resignation written all over Ron Paul’s face says it all):

Herman Cain (Chairman/CEO, Godfather’s Pizza) calls Wolf Blitzes “Blitz,” and firmly tells him, “No, Blitz.”
Michele Bachmann (U.S. Representative, Minnesota, State Senator; Attorney) about Pakistan: “It is too nuclear to fail.”
A scrappy Ron Paul (U.S. Representative, Texas, Physician) shouts half-way through the first hour: “How about the rest of us?” “Blitz ignores Paul, and his own promise at the onset to allocate fair time to all.

UPDATE: Okay to the meat of the exchanges:

Introductions: Rick P. touted the bliss of marriage and the beauty of his wife. Newt Gingrich sucked up to the hosts and think tanks named above. MB blew kisses to the troops. Ron Paul said what needed saying: “I am convinced that needless and unnecessary wars are a great detriment. They undermine our prosperity and our liberties. They add to our deficits and they consume our welfare. We should take a careful look at our foreign policy.”

Patriot Act: Ron Paul sustained the momentum by calling the thing unpatriotic, advocating that one prosecute cases as the crimes they are. Paul also warned about sacrificing liberty for security in pursuit of total safety and a total police state. The other candidates, with the exception of Jon Huntsman, plumped for an extension and an expansion of the Act.

The Nation’s Paid Pimps: Paul was not asked about the Transportation and Security Administration. Perry has moved to criminalize the TSA’s pat downs in his state of Texas, but here the governor spoke primarily about privatization, getting rid of the unions, and doing better counterintelligence, as if the government could do anything better. Rick Santorum spoke to the Israeli model. This meant what I call “rational profiling” (“Cabbies Do It Too). Ron Paul stepped in it (it was a matter of time, I guess). First Paul quite correctly called the other candidates on their circular reasoning: They all kept calling for Patriot-Act type preemption against dem “terrorists.” However, until you bring a case against someone, he is but a suspect. After that fabulous point, Paul went and ruined it all by saying something stupid like “don’t profile.”

Pakistan/Afghanistan: Newt Gingrich stood out in his quest to effect a sort of American coup in both Pakistan and Afghanistan—I thought we had already done so; semantics, really—take over operations and run these places like we need to. G-d help us. Mitt wants nation building. For a clever man he sure sounded stupid claiming that divesting from these hell holes forthwith would threaten the gains and investment in blood and treasure made so far. Perry had taken his meds for this debate. No pennies for Pakistan was his position. He also spoke of encouraging the region’s countries to trade. It’s probably as good as talking to the hand, but it’s sure worth suggesting barter over boycotts and bombs. Jon repeated his best lines from the CNN/Tea Party Debate in Tampa, Florida, where he advocated for divesting from these crap countries.

Interspersed were questions from the pompous audience about sanctions on Iran (more, more), possible attacks on A-Jad, and requests for foreign aid. The last position was advanced by no other than Bush’s Paul (Dundes) Wolfowitz. Naturally, now that Wolfy is president of the World Bank, he’d like to secure a supply of US funny money with which to sustain his new fiefdom.

I’m getting terribly bored. This whole competition will end badly. My report will commence tomorrow, if your interest is sustained. But Let me end with immigration, an issue on which they all sucked mightily, and should read “Suicide of A Superpower” and its sequel).

Like most Americans (except for us immigrants), the candidates, in their call for more special visas for highly skilled individuals, proved that they know close to nothing about America’s labyrinthine visa programs. They advocated for fixing the immigration system so that the US could import many more brilliant individuals, as if there was a limit on, or an impediment to, such immigration.

THERE are no limits on the number of geniuses American companies can import.

America already has an “Extraordinary Ability” Visa. In exchange for my spouse’s exceptional abilities and qualifications, he was awarded the O-1 visa. And we, in short order, gained green cards.

The primary H-1B hogs—Infosys (and another eight, sister Indian firms), Microsoft, and Intel—are forever claiming that they are desperate for talent. But, in reality, they have unlimited access to individuals with unique abilities through the open-ended O-1 visa program.

I believe that before the article titled “Why Aren’t The H-1B Hogs Satisfied With The O-1 ‘Extraordinary Ability’ Visa?” was written, no immigration expert had made the simple point above.

That’s right: The O-1 visa program enables the importation of as many geniuses as a company can find, from every corner of the world.

Where Magic Wins Out Over Reason

Africa, Colonialism, Economy, Ethics, Foreign Aid, Free Markets, Free Will Vs. Determinism, Individualism Vs. Collectivism, Political Correctness, Propaganda, Pseudo-history, Racism, Socialism, The West

The following is from “Where Magic Wins Out Over Reason,” now on WND.COM:

“The images coming at us from Somalia are too horrible for words. And I don’t mean the sight of celebrity journo Anderson cooper and his CNN sidekicks standing in the neighboring Kenya, and blaming, against all evidence, the ‘worst drought in 60 years’ for mass starvation in Somalia. As BBC tells it, the drought ‘has gripped only parts of Somalia,’ and then only ‘since June.’

You have flint for a heart if the images of children starving slowly do not reduce you to tears. Aidan Hartley of the London Spectator describes these distended-bellied, dying innocents as ‘martian-headed skeletons,’ whose emaciated little bodies have begun to eat up their fat reserves and muscle proteins. Many, if not most, will succumb to slow and agonizing organ failure.

In conjunction with ‘the drought’—isn’t Texas experiencing one of those—Cooper and company (joined by other cretins on Cable) have mentioned the menace of the Islamist group al-Shabab, which ‘rules over the population in a style reminiscent of Pol Pot’s Cambodia crossed with the Taleban.’

However, Hartley imparts what Cooper is incapable of imparting—and what any vaguely knowledgeable journalist writing about Africa knows: ‘war caused this famine.’ In this case, internecine warfare was compounded by foreign, military intervention courtesy of the duopoly I dub the ‘Anglo-American Axis of Evil,’ in my new book.

Washington and Westminster (and their special forces) galvanized a neighboring Ethiopian gang to invade southern Somalia and occupy Mogadishu. ‘The objective,’ explains Hartley, ‘was to expel Islamists alleged to have been linked to al-Qaeda.’ And never mind that, ‘Under the Islamists, the city was enjoying its first period of relative peace since Somalia collapsed into civil war in 1991.’

Hunger in the Horn of Africa is not something Cooper is capable of understanding, let alone explaining to his fans on twitter. Contra Cooper, Hartley has not pruned the evidence. As jaundiced a journalist as he is, however, Hartley has failed to look deeper into the heart of darkness that is Africa.

“Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa” fills this gap…”

“Into the Cannibal’s Pot” is available from Amazon.

The complete column is “Where Magic Wins Out Over Reason,” now on WND.COM.

If you’re interested in syndicating my weekly, WND column, kindly email me for details at ilana@ilanamercer.com. “Return to Reason is WorldNetDaily’s longest standing, exclusive libertarian column.

Afghan GDP Equals US Military Spending There

Drug War, Foreign Aid, Foreign Policy, Military, Neoconservatism, War, Welfare

Belatedly, and after spilling much blood and treasure for nothing at all in Afghanistan, mainstream opinion makers have concluded what we non-interventionists concluded a decade ago. Making Afghans (and Iraqis) wards of the American state will increase their impotence (to say nothing of violating their negative, leave-me-alone rights and ours, as we’ve paid for the adventure in lost lives and livelihoods). “Ultimately, philanthropic wars are transfer programs—the quintessential big-government projects.”

A “two-year congressional investigation from Senate Democrats” gives details of the defeat. Via the National Journal:

“World Bank data estimates that 97 percent of Afghanistan’s gross domestic product comes from spending related to the military and donor community presence, according the report, which warns that a withdrawal could pull the rug out from under the Afghan economy.” …

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I suspect that slashing and burning the Afghans’ poppy fields hasn’t helped them either. “In a country with a poor infrastructure, the ‘relatively stable value of opium and its nonperishability means that it can also serve as an important source of savings and investment among traders and cultivators.'” (From “Tokers Are Terrorists Now”)