President Barak Obama wants to write off $1 billion in debts that Egypt owes the U.S. Then he wants to give Egypt another $1 billion in credit!
Here’s two reasons taxpayers of the United States should be pissed off: According to the U.S. Department of State: “U.S. military aid to Egypt totals over $1.3 billion annually.” And: “…the U.S. Agency for International Development (USAID) has provided over $28 billion in economic and development assistance to Egypt since 1975.”
In other words Egypt is getting a deal that no creditor will give the average U.S. citizen! Forgive our debts AND give us money? Obama is playing with our tax money! Why can’t he use our tax money to give us a break?