Saturday, January 14, 2012

U.S. offers Bangladesh $1 billion in aid over next five years - Yahoo! News

DHAKA (Reuters) - The United States said on Saturday that it would offer Bangladesh close to $1 billion in aid over the next five years.

A U.S. Embassy statement said that the money would go towards alleviating poverty and malnutrition, as well as family planning and the fight against infectious diseases.


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How is the United States still able to spend money it doesn't have? I get that this is money that will eventually be owed back to us, but we're spending money that doesn't exist. If my bank account has $1 in it, I can't buy something that costs $1.50. If our debt cap is many billions of dollars, how can we spend another billion somewhere?

This is the kind of crap that has us in this financial crisis.

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