IPFS News Link • Economy - Economics USA
Can We Afford Ukraine?
• http://www.lewrockwell.com, By Ron PaulSo who in his right mind would think it is a good time to start a war with Russia over Ukraine? And worse, who would commit the United States to bail out a Ukraine that will need at least $35 billion to survive the year?
Who? The president and Congress, backed by the neocons and the so-called humanitarian interventionists!
The House voted overwhelmingly last week to provide $1 billion in loan guarantees to Ukraine. That is just the beginning, you can be sure. But let’s be clear: this is not money for the population of that impoverished country. The Administration is sending a billion dollars from US taxpayers to wealthy international bankers who hold Ukrainian debt. It is an international bank bailout, not aid to Ukrainians. And despite the escalating anti-Russia rhetoric, ironically some of that money will likely go to Russia for Ukraine’s two billion dollar unpaid gas bill!