Showing posts with label the money pit. Show all posts
Showing posts with label the money pit. Show all posts

Saturday, September 19, 2015

No More Money for 'Money pit' Ukraine Unless Kiev Gets Rid of Corruption - Biden.


No More Money for 'Money pit' Ukraine Unless Kiev Gets Rid of Corruption - Biden. (SP). 

The White House is worried about a high level of corruption in Ukraine and worse of all by the fact that it isn't decreasing.

The United States told the Ukrainian government to fight against corruption more actively by carrying out anti-corruption reforms. Victoria Nuland, the Assistant Secretary for European and Eurasian Affairs at the US State Department, stressed that Ukraine must get rid of corruption, as it represents Viktor Yanukovych's "old system."

US Ambassador to Ukraine Geoffrey Pyatt also spoke against corruption: "There isn't a problem in Ukraine today that is a bigger threat to the long-term success of the country than legalized corruption."

Last year, Ukraine was ranked 142nd (tied with Uganda and the Comoros Islands) on the list of the most corrupt countries in the world, conducted by Transparency International (TI). Hmmm.....Days after the EU just gave them another 1 Billion Dollar for Gas. By the way their total gas debt is now at $29,2 US $. Read the full story here.

Friday, March 23, 2012

European, U.S. Billions to Gaza Go Poof!, Keeping Hamas in Power.


European, U.S. Billions to Gaza Go Poof!, Keeping Hamas in Power.Are They Going To Be Dumb Enough to Give More? (GSI).By Hani Abbas.The $7 billion that has been invested in the Gaza Strip has. ironically, helped Hamas to solidify its control over the area.
The Palestinian Authority announced this week that it has spent nearly $7 billion on the Gaza Strip since 2007, when Hamas violently seized control of the regional coast. This means that since 2007, according to Fatah spokesman Ahmed Assaf, about $120 million has been going to the Gaza Strip. He revealed that the Palestinian Authority continues to pay salaries to some 80,000 "civil servants" in there-- but he did not elaborate on the nature of their work.
The West Bank's Palestinian Authority government, headed by Salam Fayyad, has appealed to the donor countries to increase the financial aid to strengthen the Palestinian economy, especially in the Gaza Strip. But before the donors take any decision, they really should ask Fayyad and Palestinian Authority President Mahmoud Abbas about the $7 billion they have already spent on the Hamas-controlled Gaza Strip over the past four years: Where is it?
These revelations came on the eve of a meeting of donor countries in Brussels to discuss financial aid to the Palestinian Authority. The $7 billion that has been invested in the Gaza Strip by the Palestinian Authority has, ironically, helped Hamas solidify its control over the area. In other words, Fayyad and Abbas are funding their rivals in Hamas who terrorized them out of the Gaza Strip in June 2007.
The Palestinian Authority is continuing to spend millions of dollars on the Gaza Strip at a time when its leaders are not even permitted to visit there; Mahmoud Abbas cannot even visit his home in Gaza.
The billions of dollars that the Palestinian Authority claims its has spent over the past five years, all from Europe and the United States, should have transformed the Gaza Strip into the Middle East's Singapore. These huge funds should have ended the suffering of the 1.5 million residents of the Gaza Strip. But despite all billions of dollars that have been poured into the area, the Gaza Strip remains a base for jihadists and various terror groups. As bad, the funds have done virtually nothing to solve the severe problem of unemployment and poverty in the Gaza Strip.
The donors, for example, have the right -- as well as the fiduciary responsibility to the taxpayers of Europe whose hard work was what bankrolled this transfer of wealth -- to know which "civil servants" in the Gaza Strip receive salaries, and if they include members of Hamas's security forces.
Even more urgently needed is for the donors should check on whether some of the money is being used to finance the manufacturing of rockets and missiles and the purchase of weapons from Iran, Sudan and Egypt.
These billions are not only helping Hamas to stay in power, they are absolving Hamas of its responsibilities as the ruling government to be able to take care of its constituents.
The Europeans, the American and the Palestinian Authority are also wrong if it thinks that the funds will have a moderating effect on the residents of the Gaza Strip. The people there will take the money from the Palestinian Authority government in the West Bank, but at the end of the day they will still vote for Hamas or Islamic Jihad.
The donor countries really must insist that the Palestinian Authority reconsider its policy of facilitating Hamas's continued control over the Gaza Strip. And they need to make sure that their money is not ending up in the hands of terror cells and armed groups.Hani Abbas is a Jerusalem-based Palestinian journalist.Read the full story here.

Wednesday, March 21, 2012

Video - Most Unpatriotic President Evah?




Most Unpatriotic President Evah?(TJR).Between March 13th -- the last time I posted on this -- and the close of the business day on March 19th the Obama Administration has added exactly $50,060,518,615.20 to the national debt.
You read that right. I actually had to calculate that three times because I couldn't believe the numbers, so I opened up Excel and just copied and pasted the total public debt on March 19th and then subtracted the total public debt on March 13th. Those are Treasury Department figures.
In the past week -- that's seven days -- the Obama Administration has added over 50 billion dollars to the national debt! That's BILLION with a B.
And yet he's trying to convince people that a mere $3 billion a year would help alleviate the debt?
On average Obama has added $2 billion to the debt every day. He deficit spends $3 billion every 1.5 days!Read the full story here.
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