The Saudi's, Oil and Economics

Discussion in 'Current Events' started by wkmac, Mar 15, 2010.

  1. wkmac

    wkmac Well-Known Member

    Funny how it looks when framed in a Parallel Universe?

    And of course it's only bad when someone else does it and then it's wrong and evil!
  2. moreluck

    moreluck golden ticket member

  3. moreluck

    moreluck golden ticket member

    | Monday, February 13, 2012 @ 1:41 pm |
    Obama Proposes $800 Million In Aid For “Arab Spring”…

    Good grief.
    (Reuters) — The White House announced plans on Monday to help “Arab Spring” countries swept by revolutions with more than $800 million in economic aid, while maintaining U.S. military aid to Egypt.

    In his annual budget message to Congress, President Barack Obama asked that military aid to Egypt be kept at the level of recent years — $1.3 billion — despite a crisis triggered by an Egyptian probe targeting American democracy activists.

    The proposals are part of Obama’s budget request for fiscal year 2013, which begins October 1. His requests need the approval of Congress, where some lawmakers want to cut overseas spending to address U.S. budget shortfalls and are particularly angry at Egypt.

    Obama proposed $51.6 billion in funding for the U.S. State Department and foreign aid overall, when $8.2 billion in assistance to war zones is included. The “core budget” for the category would increase by 1.6 percent, officials said.

    Most of the economic aid for the Arab Spring countries — $770 million — would go to establish a new “Middle East and North Africa Incentive Fund,” the president said in his budget plan.