COMMENTARY | When will the insanity stop? One day after President Barack Obama asked Congress for yet another increase in the debt limit so the federal government can continue to borrow money to stay solvent; he then offers to give Bangladesh another free billion dollars.
Reuters reported another $1 billion in aid was offered to the impoverished Asian country over five years to help alleviate hunger and malnutrition, as well as assist in family planning. There is little doubt Bangladesh needs help, but the U.S. has already provided nearly $6 billion in developmental assistance.
This is absolute craziness. The federal government is well over $15 trillion in debt -- all of which have been borrowed on the backs of current and future taxpayers and yet our government continues to pass it out to other countries without hardly a mere consideration for how Americans might feel about that. The people of Bangladesh need help -- they have always needed more help than any one nation can provide.
While the U.S. is a land of plenty, that "plenty" comes at a cost. The cost is too high anymore. We cannot continue to pass out aid to every cause or need. The need is too big. The wallet has run dry.
It is unconceivable that any American president would consider passing out aid with the financial conditions the U.S. is currently in. Not two months ago Congress missed a statutory deadline to strip money from the budget over a 10-year period. They couldn't do it.
Just one day ago, The Washington Post reported Obama asked for a $1.2 trillion increase in borrowing authority for the Treasury. The madness must stop and maybe it's time for ordinary Americans to cry "Enough already!" in the face of every elected official.
There are people suffering all around the world. The need is so great that no one nation -- no matter how mighty its economy may be -- can possibly meet the need. There are needs here too. Our inner cities are falling apart. Food stamp recipients are at an all time high. There has to be a time when the answer is "no."
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