Foreign Aid to China!!

When I saw this article I was taken aback to the point where I thought I was going to burst a blood vessel.

Thanks to Tom Coburn for at least attempting to shine some light on this insanity.

Seriously, is FOX NEWS the only place where you see this information? Go here for the story. See the full report here. Click here for more reports from this site.

U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities
Read more: http://www.foxnews.com/politics/2011/06/02/us-offers-foreign-aid-to-countries-holding-billions-in-treasury-securities/#ixzz1OEDttYxy

The killer in this report is that China receives over 27 million dollars in foreign aid from us and to add to that incredible fact, some of the aid is designated as "Higher Education, Human Rights, Good Governance, PRIVATE SECTOR COMPETIVENESS AND ECONOMIC OPPORTUNITY" Are you kidding me!!

....[The Congressional Research Service released a report last month, a copy of which Fox News exclusively obtained, showing that in fiscal year 2010, the latest year that data was available, the U.S. handed out a total of $1.4 billion to 16 foreign countries that held at least $10 billion in Treasury securities, including China ($27.2 million), Brazil ($25 million), Russia ($71.5 million), India ($126.6 million), Mexico ($316.7 million) and Egypt ($255.7 million).
China is the largest holder of U.S. Treasury bonds with $1.1 trillion as of March, according to the Treasury Department. Brazil held $193.5 billion, Russia had $127.8 billion, India owned $39.8 billion, Mexico held $28.1 billion and Egypt had $15.3 billion.]....


Read more: http://www.foxnews.com/politics/2011/06/02/us-offers-foreign-aid-to-countries-holding-billions-in-treasury-securities/#ixzz1OEG1WI2O

This is my version of one of the tables in the report to emphasize the madness:

 

Country	Sector	Assistance
China	HIV/AIDS	7,000,000
	Higher Education	200,000
	Social Services	4,000,000
	Rule of Law and Human Rights	3,909,000
	Good Governance	2,308,000
	Environment	7,883,000
	Private  Sector  Competiveness	1,200,000
	Economic Opportunity	700,000

So much money to countries who really do not like us and are either working with our enemies or are directly attempting to undermine us. The bottom line is that with this administration insisting that we RAISE the debt ceiling while we are on the verge of bankruptcy and buying our own debt by printing money, we are giving aid to a number of countries including the very country who will soon overtake us as the dominant economy.

Where does this end? I hope soon but if not then in 2012, because after that there will be no future to look forward to.