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Monday, August 15, 2011

Critics Question U.S.Aid to China Amid Debt Woes

Critics Question U.S. Aid to China Amid Debt Woes

Sounds almost like they read my post

With America still drowning in debt, critics in and outside of Congress say it’s time to reassess U.S. foreign aid -- especially to China.
"We started looking at the contracts and it was rather amazing that the No. 1 recipient of these taxpayer dollars were Chinese-state owned corporations," said Sen. Jim Webb, D-Virginia, referring to $320 million dollars worth of U.S. government contracts let to China. "I think we can take a good hard look where we're giving foreign aid."
The U.S. provided $47 million in "development aid" to China in 2010, even though the nation is already a military and economic giant and the world's only other true superpower.
The aid helped rural Chinese get on the Internet and improve public infrastructure - including metro train service in Guangzhou. Much of the aid is also channeled through the U.S. National Institutes of Health.
"Here we are sending money to a nation that we are diametrically opposed to in a time when America is broke," said Andrea Lafferty, of the Traditional Values Coalition. "People are losing their homes and jobs, so why are we giving money to China?"
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