President Obama and Capitol Hill Democrats’ out-of-control spending

By Oscar Y. Harward

The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated http://www.cbsnews.com/8301-503544_162-20019931-503544.html.

Today, our national debt exceeds at $14.3 trillion.  When will the out-of-control spending?  President Obama and Capitol Hill Democrats act as if there is no end as to how much they can spend while billing our American taxpayers for their wasteful spending.

Under President Obama and Capitol Hill Democrats’ plan, they give billions of dollars to the worlds’ richest countries and then ask some of these same countries to borrow it back http://www.dailymail.co.uk/news/article-1393960/US-gives-billions-foreign-aid-worlds-richest-countries-asks-borrow-back.html.

In 2010, the US gave a total of $1.4 billion to 16 foreign countries that held at least $10 billion in US Treasury securities.  Four of the ten richest countries receiving foreign aid last year include China - $27.2 million; India - $126.6 million, Brazil -  $25 million, and Russia - $71.5 million.  Mexico also received $316.7 million and Egypt received $255.7 million.

 

There are some 192 countries around the world. The USA sends foreign aid to 150 0f these nations. The top 10 countries the USA sends to include: Colombia $461.2 million, Mexico $316.7 million, Egypt $255.7 million, Philippines 128.2 million, India $126.6 million, Russia $71.5 million, China $27.2 million, Brazil $25 million, Thailand $16.75 million, and Turkey $8.2 million.

President Obama’s administration is giving ACORN a $79,819 grant despite a federal law that prohibits the government from giving money to ACORN http://www.freerepublic.com/focus/f-bloggers/2747038/posts.  

The U. S. State Department announced that the Obama Administration has agreed to contribute $4 billion to the United Nations Global Fund to fight AIDs, Tuberculosis, and Malaria from 2011 to 2013, a 38% increase over previous commitments http://www.aim.org/guest-column/president-donates-100-billion-to-the-united-nations/.

When will out-of-control spending end?  Let’s start right NOW!