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Sen. John McCain says foreign aid is not redistribution

Sen. John McCain says foreign aid is not redistribution

http://youtu.be/vS3Kg1UVEJs



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That is not what he said.

He avoided the question.

It is redistribution even if the money given to foreign governments to use to buy U.S. products is borrowed by the government. By borrowing, it takes money out of the credit market and it taxes people who may not even be born yet to pay for it. It redistributes wealth created in the future to cronies in the present.

[F]orce can only settle questions of power, not of right. - Clyde N. Wilson

Technically it's not redistribution.

Federal Taxes only pay interest on the loans that government makes and sends as foreign aid.

Congress is dragging us deeper and deeper in debt to send aid to terrorists around the world.

Congress has been supporting terrorism for decades of decades.

Congress has been manned by losers for over 220 years.

Free includes debt-free!

Jan Helfeld's picture

Of course it is redistribution of wealth

Of course it is redistribution of wealth from US taxpayers to foreigners. US taxpayers have to pay the debt.

Jan Helfeld

Shhh. That part's secret. Hidden behind deficits don't matter.

I listened again. John was repelled bu the notion of being like the communists he hates. Silly man.

If he knows that profits exceeding 6% after expenses are paid as a franchise tax to the US Treasury, then it could make sense to him.

US borrows Foreign Aid so countries can buy Federal Reserve Products and increase profits and the franchise tax paid. Taxpayers pay interest on debt principal, forever the way Congress is going. Or the creditors send in the repo men.

Sec. 7
http://fraser.stlouisfed.org/docs/historical/fr_act/nara-dc_...

So far I have only found 3 Congressmen that understood the danger. Rep Lindbergh Sr, Rep McFadden and Ron Paul.

The Reserve members win, Wall Street and Main street gets squashed by regulations to maximize the franchise tax.

It's not redistribution in the marxist/progressive sense. But it does amount to redistribution and it's doomed to failure.

Free includes debt-free!

I would call it 'THEFT'.

I would call it 'THEFT'.
But, that's just how I roll.

I would say

Mr. McCain please take note of the sucessful recall elections in Colorado. John comming to you soon.

sovereign