Obama nears agreement with Muslim Brotherhood-led govt to forgive $1 Billion debt

And there’s another half billion or more of additional aid being made available to the Muslim Brotherhood courtesy of U.S. taxpayers. This isn’t news to Creeping Sharia readers as we’ve been telling you about if for more than a year. Did Your Elected Officials approve this? via U.S. Prepares Economic Aid to Bolster Democracy in Egypt – NYTimes.com.

WASHINGTON — Nearly 16 months after first pledging to help Egypt’s failing economy, the Obama administration is nearing an agreement with the country’s new government to relieve $1 billion of its debt as part of an American and international assistance package intended to bolster its transition to democracy, administration officials said.

The administration’s efforts, delayed by Egypt’s political turmoil and by wariness in Washington about new leaders emerging from its first free elections, gained new urgency in recent weeks, even as the United States risks losing influence and investment opportunities to countries like China. President Mohamed Morsi chose China for his first official visit outside of the Middle East.

In addition to the debt assistance, the administration has thrown its support behind a $4.8 billion loan being negotiated between Egypt and the International Monetary Fund. Last week, it dispatched the first of two delegations to work out details of the proposed debt assistance, as well as $375 million in financing and loan guarantees for American financiers who invest in Egypt and a $60 million investment fund for Egyptian businesses.

The assistance underscores the importance of shoring up Egypt at a time of turmoil and change across the Middle East, including the relatively peaceful uprisings in Egypt and Tunisia, the still-unfinished transition in Libya, the showdown over Iran’s nuclear program and the war in Syria.

Saudi Arabia and Qatar have stepped in to provide emergency infusions totaling $3 billion, while China offered Mr. Morsi a $200 million loan for Egypt and signed investment contracts in agriculture and telecommunications.

China is making loans while the broke U.S. is forgiving them. WTF?

Egypt’s debt to the United States exceeds $3 billion, most of it from a program called Food for Peace that offered loans to buy American agricultural products after the Camp David peace accords with Israel during the Carter administration. The $1 billion in debt relief proposed by Mr. Obama has been cobbled together from money from assistance programs that has not been spent over the last few years.

The administration is negotiating whether to waive some debt payments altogether or allow “debt swaps,” in which the money that would otherwise pay down the American debt instead is spent on training and infrastructure projects in Egypt intended to attract private investment and create jobs. Congress has attached conditions to American assistance in Egypt, requiring Secretary of State Hillary Rodham Clinton to certify, among other things, that the country continues to abide by its treaty with Israel.

 Congress is inept, Clinton won’t certify shit, and billions of U.S. taxpayer dollars will be plundered – stolen from working Americans and given to those who want to kill us and will use our own money to do so. Fire them all.

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21 Responses

  1. Okay! So…to whom do we write, informing them of our distaste for Obozo’s actions??? I live in California, do you really think that writing to my Senators and Congressmen will make a difference? After all, doesn’t Obozo do as he pleases anyway???

    • I live in California too, I know what you mean. Vote him and all the other lib’s out In November, there’s more of us then you think.

      • CA here too. Been sending post cards, emails, and phone calls to the elected. Not one ever answered me on Sharia / Islam.

        And does anyone think this is on Romney’s radar? He didn’t answer me either when I emailed from his web page about Sharia.

        Get your conceded handgun permit from VA incase you move :)

      • 30,000 dead arise to vote for Obama and Colorado voters exceeds the Colorado population. Get real Congress is a bunch of do nothings know nothings that needs to be removed. Giving Egypt 3B of taxpayers money to kill Christians. I wonder how Maxine Waters will like wearing her Burka.

  2. holy crap. hang on tight, it’s going to be one scary ride.

  3. doesn’t the fool know that we are a nation on the cusp of bankruptcy?!?! to him, it only means another bow & scrape to our “friends” [china] for a loan.

  4. I live in Idaho, Liberals are just wiping this country out

  5. HEY BOEHNER COME OUT OF THE CLOSET AND IMPEACH THIS CROOK. HE HAS ENOUGH ON HIM TO CHARGE HIM WITH TREASON AND THEN SOME. Then on to gitmo with the rest of his cousins. LOCK AND LOAD FOR THE COMING OF THE NEXT CRUSADE!!!!

  6. This site is borderline KKK stuff…You play on people’s emotions by showing the world trade center while you condemn a billion followers of Islam because of the actions of a few fringe lunatics. I’ll pray for you to stop spreading hate and ignorance.

    • Talk to any converted Muslim and they will tell you they are here to put as many in government and take over with Sharia law. Stupid Americans aborting their kids while Muslims have 3 or 4 wives and kids with each of them.

  7. [...] we noted many times including last week. Over the weekend, reports in foreign media said that the U.S. was drastically scaling down its [...]

  8. [...] to the 1.3 billion we already throw at Egypt’s military comes this interesting tidbit: Obama nears agreement with Muslim Brotherhood-led govt to forgive $1 Billion debt. More of our money going to fund our enemies. Sheesh!Also at WSJ: U.S. Hones Plans for Big Bailout [...]

  9. [...] And here is another thing to ponder upon: Obama nears agreement with Muslim Brotherhood-led govt to forgive $1 Billion debt [...]

  10. [...] taxpayer dollars to help train Muslim Brotherhood candidates in the political process and we know Obama promised the Muslim Brotherhood $1B in aid plus $1B in debt forgiveness, and millions in military [...]

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