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  1. #1
    Atomic Punk
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    Default Kerry Announces $250 Million in U.S. Aid for Egypt

    Published: March 04, 2013
    RIYADH, Saudi Arabia - Secretary of State John Kerry announced Sunday that the United States would provide $250 million in assistance to Egypt after Egypt's president promised to move ahead with negotiations with the International Monetary Fund over economic reforms.

    In a statement issued after his two-hour meeting with President Mohamed Morsi, Mr. Kerry said the aid decision reflected Egypt's "extreme needs" and Mr. Morsi's assurance that Egypt would reach an agreement with the I.M.F. after more than a year of talks over a $4.8 billion loan package.

    The statement issued by Mr. Kerry noted that he and Mr. Morsi had discussed the need to ensure the fairness of Egypt's coming elections, but it did not mention any specific political commitments the Egyptian president had made to receive the aid.

    Parliamentary elections are scheduled for April. Some opposition groups have said they will boycott the vote because of what they see as an effort by Mr. Morsi and his Muslim Brotherhood movement to dominate Egyptian politics.

    American officials say that Mr. Kerry asserted that moving ahead with difficult economic changes in Egypt would require a degree of political consensus and was implicitly a promise of some political change.

    The aid announced Sunday consists of two parts. One is a $190 million infusion for Egypt's budget intended to address what Mr. Kerry said was the country's "extreme needs." That assistance has already been approved by Congress.

    Mr. Kerry also pledged $60 million for the creation of a fund to support small businesses, which will provide "direct support to key engines of democratic change in Egypt, including Egypt's entrepreneurs and its young people."

    As an incentive for Mr. Morsi to conclude an agreement with the I.M.F., Mr. Kerry said that he would work with Congress to get additional funds approved for Egypt once a deal was reached.

    In May 2011, President Obama pledged $1 billion to support Egypt's democratic revolution. The $190 million in aid announced on Sunday is the first disbursement of that pledge.

    "In all my meetings, I conveyed a simple but serious message: The brave Egyptians who stood vigil in Tahrir Square did not risk their lives to see that opportunity for a brighter future squandered," Mr. Kerry said. "I encouraged President Morsi to implement the homegrown reforms that will help his country secure an I.M.F. agreement, put Egypt on the path to establishing a firm economic foundation and allow it to chart its own course. He agreed and said that he plans to move quickly to do so."

    The I.M.F. wants Egypt to carry out a number of economic policy changes, including raising taxes and cutting energy subsidies, and it is seeking assurances that Mr. Morsi can rally the political support needed for those changes.

    Mr. Kerry's departure from Cairo was briefly delayed, news agencies said, because hundreds of supporters of the soccer club Al Ahly, known as ultras, blocked the road to the airport in a protest related to a court case about a soccer riot in Port Said last year.

    But the motorcade made it to the airport, and Mr. Kerry flew to Saudi Arabia, his seventh stop on his nine-nation trip.
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  2. #2
    Atomic Punk CaboChris's Avatar
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    I know this may not be politically correct but:

    FUCK their "extreme needs"

    FUCK their "small businesses"

    FUCK their "entrepreneurs"

    FUCK the Egyptian people.

    It's been said that the amount of foreign aid is negligible compared to our national debt and wouldn't make a difference if it was cut or not but I say that's not the point. Who the hell are we? The world's welfare? I don't give a shit how rich our nation is, how dare our government just so nonchalantly give taxpayer money away to help prop up governments that hate us! NO AID, even to friendly countries at this moment in our nations history. We need to get OUR economic engine running again at full speed and then and ONLY then should we start letting other countries have the debit card to our ATM machine. It's time for other countries to sink or swim on their own.

  3. #3
    Atomic Punk edwardv's Avatar
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    insane
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  4. #4
    Eruption Dr5115's Avatar
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    It's obvious that we have to keep giving them money or they might not like us! Oh wait a minute.

    Yep, it's bullshit.

  5. #5
    Atomic Punk ZeoBandit's Avatar
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    We have debt spiralling out of control and we are giving other countries money?

    WTF is wrong with that picture?
    "What we are dealing with here, is a complete lack of respect for the law" - Jackie Gleason, Smokey and the Bandit

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  6. #6
    Atomic Punk Bad to the Bone's Avatar
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    I thought the entire US economy was spinning to disaster after the sequester...how do we have the money to do this?

  7. #7
    Atomic Punk CaboChris's Avatar
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    Quote Originally Posted by Bad to the Bone View Post
    I thought the entire US economy was spinning to disaster after the sequester...how do we have the money to do this?
    Because Obama pledged 1 billion in aid and we can't POSSIBLY renege on our promise can we? We must keep our word to Jew haters.

  8. #8
    Atomic Punk edwardv's Avatar
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    The muslim brotherhood thanks you and wants to remind you that Jews were never enslaved in Egypt at any time in the last 7000 years nor did they build any of the ancient stuctures. Everyone knows aliens did all the work.
    EVH 1979: Well, actually it's not much of a vacation, because we run everything ourselves. We design our own album cover, we have to be in the office every day to sign checks - the whole corporation revolves around us. Nothing can be done without our approval. We even have photo approval.

  9. #9
    Sinner's Swing! graeme's Avatar
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    Default

    This is basically bribe money to get Morsi to enact reforms and agreements that the IMF wants. Other countries are doing the same thing. Once Egypt has been sufffciently tempted and caves in, the IMF will own the country, just as it has done with so many others. Egypt will never be able to repay the debt and then the IMF approved corporations move in and buy up state assets for pennies. Morsi will get a huge kickback and end up living far, far away from his own people who will, rightly, want to kill him when they see what he has done.

    Remember all those conspiracy theory guys who said that the IMF organisation wants to rule the world?
    A man could lose himself in a country like this.

    My blog at http://tollins.blogspot.de/

  10. #10
    Atomic Punk Bad to the Bone's Avatar
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    Quote Originally Posted by CaboChris View Post
    Because Obama pledged 1 billion in aid and we can't POSSIBLY renege on our promise can we? We must keep our word to Jew haters.
    oh you.......

    I asked that question sarcastically.

    John Kerry is a complete idiot. He's already made an ass out of himself twice so far since he took his spot.

  11. #11
    Atomic Punk CaboChris's Avatar
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    Quote Originally Posted by Bad to the Bone View Post
    oh you.......

    I asked that question sarcastically.

    John Kerry is a complete idiot. He's already made an ass out of himself twice so far since he took his spot.
    I know you did BTTB.

    I was being sarcastic too! Kerry is an ass hat for sure.

 

 

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