The Next Financial Bailout Is Going To Be Much More Expensive

Posted on Tue 10/14/2008 by

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It remains to be seen if the 700 billion dollar bailout Congress just authorized has the affect that was intended.
But that’s nothing compared to what could be coming up next year.
And it’s not for the war,and it has no benefit to the average American.

Barack Obama is a co-sponsor of Senate Bill S2433, the Global Poverty Act, which would require the United States to spend 845 billion dollars to combat “global poverty.”
This would be in addition to the 300 billion dollars annually spent on foreign aid each year.

The bill requires the President: “acting through the Secretary of State, and in consultation with the heads of other appropriate departments and agencies of the United States Government, international organizations, international financial institutions, the governments of developing and developed countries, United States and international nongovernmental organizations, civil society organizations, and other appropriate entities, shall develop and implement a comprehensive strategy to further… the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the Millennium Development Goal”.

And who is implementing and overseeing the Millennium Development Goal?

Why, none other than that group of folks with such a fine record of fiscal responsibilty, the United Nations.

Click here to read the U.N.’s PDF report on the project.

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