Tag: foreign aid

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deficits and debt international affairs national politics & policies too much government

Debt for Pakistani Trans

Pakistani transgender youth, American debt

Thirty-two trillion dollars. That’s a lot of money we don’t have.

I checked the U.S. Debt Clock last night. The federal government was, at that time, $200 billion shy of owing that amount, $32 trillion.

It’s such a big number that it doesn’t seem real.

Maybe that’s why politicians ignore it. And keep spending, adding to it.

All spending that seems fishy contributes to that debt. But so, alas,does spending that a majority of Americans may want. When you are over-spending, all spending contributes to the red ink.

Still, to witness elected government officials throw money around with reckless abandon is especially irksome. Consider all the taxes that pay for that debt, continually as well as eventually. And the misdirected investments that get derailed from productive activity just to fund that debt.

Today’s example of idiotic spending? A mere $500,000. Half a million bucks. Chump change — next to the trillions on budget lines.

So this half-a-million is slotted to go to Pakistan.

To train Pakistanis to speak, read and write in English.

But the kicker’s in the headline, courtesy of The Epoch Times: “Biden Earmarks $500,000 for Transgender Youth, Other Groups in Pakistan.” The blurb makes the obvious point I wish to drive home: “Biden ‘hell-bent on spending money we don’t have,’ said Rep. Ralph Norman’s office.”

Biden’s prodigality will provide “intensive professional development courses for Pakistani transgender youth.”

The old saw about such foreign aid runs, “Don’t we have transgender youth in this country to help?”

But better to join Rep. Norman and point to the debt clock. And shake our heads.

This is Common Sense. I’m Paul Jacob.

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Pro Bono

U2 singer Paul David Hewson, best known by his stage name Bono, has come to recognize that capitalism is crucial in lifting people out of poverty in any permanent way.

He now calls institutionalized charity like foreign aid only a “stopgap,” not a basic cure for poverty — an understanding perhaps still too generous, since such aid can prevent needed economic and other reforms and thus help entrench poverty.

In any case, for decades Bono has both raised money from individuals for international charity and chastised government officials whose policies seemed too stingy (in spending other people’s money). Now he is surprised to be touting the pivotal virtues of money-making and entrepreneurship.

“Rock star preaches capitalism. Wow. Sometimes I hear myself and I just can’t believe it. But commerce is real. That’s what you’re about here. It’s real. Aid is just a stopgap. Commerce — entrepreneurial capitalism — takes more people out of poverty than aid. Of course we know that.” (See a clip of these words.)

The rock star’s epiphany came after a TED talk a few years ago by George Ayittey, in which the speaker “made a special effort to rip into the foreign aid establishment,” knowing that Bono was in the audience. When the star came up after the talk to express his disagreement, Ayittey gave him a copy of his ideology-changing book Africa Unchained: The Blueprint for Development.

Perspectives unchained by myth and politics are a good idea too.

This is Common Sense. I’m Paul Jacob.