[$tinkle]

so i stumbled upon a paper outlining a plan to strengthen our security, which says in part:

Provide Sustainable Debt Relief to Developing Countries. The poorest countries in the world suffer under the weight of an enormous burden of external debt. Resources are flowing out of the least developed countries to creditors in the rich world, when these resources are desperately needed for health care, education, and infrastructure. We have seen that multilateral debt relief can be effective – 30 countries have seen their debt stocks reduced by almost 90 percent – but more relief is needed. Barack Obama wants to see 100 percent debt cancellation for the world’s heavily-indebted poor countries. He is committed to living up to the promise to fully fund debt cancellation for Heavily-Indebted Poor Countries (HIPC). An Obama administration will also dedicate itself to preventing a future in which poor countries face pressing debt burdens again. He will press for reforms at the World Bank to ensure that poor countries receive grants rather than loans, and that countries have the resources they need to respond to the external shocks that threaten to derail economic progress. And as president, Barack Obama will lead a multilateral effort to address the issue of “odious debt” by investigating ways in which “loan sanctions” might be employed to create disincentives for private creditors to lend money to repressive, authoritarian regimes.

at least a couple things must be true for follow through:
- we will have effectively bought these countries u.n. vote for whenever we find it expedient (backdoor imperialism via usurped sovereignty)
- we will enable thugocracies to continue in ritualistic abuse of their countrymen
- we have seriously thick rose-colored glasses
- we will crumple under the newly burdened debt of our own, devaluing our preferred influence on foreign policy


are these the first few steps toward the new new deal some have warned of?

 

[Samirol]

We already have their vote, we funnel money to the "thugocracies" through multinational corporations.

We probably won't be hurt as much as I think you are implying by the national debt unless we piss off China or Japan really badly. It is in China's best interest for the dollar to remain strong, but I think I may be misunderstanding you.

 

[$tinkle]

not the time to think about fully funding 30 countries' debts when we have this: Fed Pledges Top $7.4 Trillion to Ease Frozen Credit

 

[Plummit]

so i stumbled upon a paper outlining a plan to strengthen our security, which says in part: at least a couple things must be true for follow through:
- we will have effectively bought these countries u.n. vote for whenever we find it expedient (backdoor imperialism via usurped sovereignty)
- we will enable thugocracies to continue in ritualistic abuse of their countrymen
- we have seriously thick rose-colored glasses
- we will crumple under the newly burdened debt of our own, devaluing our preferred influence on foreign policy


are these the first few steps toward the new new deal some have warned of?

As far as the thugocracies go, this would seem to move in the opposite direction:

And as president, Barack Obama will lead a multilateral effort to address the issue of “odious debt” by investigating ways in which “loan sanctions” might be employed to create disincentives for private creditors to lend money to repressive, authoritarian regimes.

Of course, you're right. A country w/ a cleptocrat in charge will remain little changed by alleviating the debt burden. Little changed that is, other than said cleptocrat's bank accounts will grow at even more astounding rates.

I think however, the spirit of it (haven't read the whole thing, just what you quoted) goes towards giving poor countries a fighting chance by having the world bank issue them grants instead of loans, etc.

In the short term, they would be inclined to vote our or whoever spearheads their debt cancellations way in the UN or at whatever venue. However, once the debt is canceled we have their goodwill, but I don't really see the strongman position. We couldn't very well threaten to reinstate their debt.

As to your last point, when can we apply for debt cancellation?

 

[manimal]

Against the insidious wiles of foreign influence, (I conjure you to believe me fellow citizens) the jealousy of a free people ought to be constantly awake; since history and experience prove that foreign influence is one of the most baneful foes of Republican Government.
George Washington; Farewell Address, September 17, 1796, Ref: George Washington: A Collection, W.B. Allen, ed. (521)

George was a wise man.

 

[FlyinPolack]

Remember those well-place treaties that will nail the USA I was talking about months ago?

Trillions in debt to this country that we will never see back, what a great Idea.
There comes a time when helping other countries should take a faaaar 2nd to domestic ones. Like now!

Yah, I"m the crazy one...

It's only the beginning too. Not even signed in yet...

 

[FlyinPolack]

Against the insidious wiles of foreign influence, (I conjure you to believe me fellow citizens) the jealousy of a free people ought to be constantly awake; since history and experience prove that foreign influence is one of the most baneful foes of Republican Government.
George Washington; Farewell Address, September 17, 1796, Ref: George Washington: A Collection, W.B. Allen, ed. (521)
[/QUOTE]

George was a wise man.

Yes he was
__________________

 

[sanjuro]

Remember those well-place treaties that will nail the USA I was talking about months ago?

Trillions in debt to this country that we will never see back, what a great Idea.
There comes a time when helping other countries should take a faaaar 2nd to domestic ones. Like now!

Yah, I"m the crazy one...

It's only the beginning too. Not even signed in yet...

LOL,

BTW, how is the debt recovery coming along with these countries. Did you send out Rocky Balboa and Tony Soprano to lean on them? At least get the vig.

Or maybe, these poor countries have no way to pay us off, have hyperinflation, and are under the thrall of big business.

 

[Silver]

Remember those well-place treaties that will nail the USA I was talking about months ago?

Trillions in debt to this country that we will never see back, what a great Idea.
There comes a time when helping other countries should take a faaaar 2nd to domestic ones. Like now!

Yah, I"m the crazy one...

It's only the beginning too. Not even signed in yet...

You're aware the United States is a debtor nation, right?

Christ, you're a retard...

 

[FlyinPolack]

You're aware the United States is a debtor nation, right?

Christ, you're a retard...

Just because we may disagree you need to throw out the insults, eh?
Wake up & F-off dickhead.
You & the rest of the cubicle jockey brigade really need to start seeing the big picture before this country is totally doomed..

Can't happen here, famous last words...

 

[chicodude]

Just because we may disagree you need to throw out the insults, eh?
Wake up & F-off dickhead.
You & the rest of the cubicle jockey brigade really need to start seeing the big picture before this country is totally doomed..

Can't happen here, famous last words...

Tell me what you know about the IMF and how the countries it loans money to are doing afterwards....

 

[Samirol]

Tell me what you know about the IMF and how the countries it loans money to are doing afterwards....

Man...he knows things. Have you seen this documentary called "Loose Change", it really opened my eyes.

You guys have no clue...

My high school biology teacher told me that yelling BUSH DID 9/11 was inappropriate during class...fukken sheeple.

 

[Defenestrated]

Obama appears to be more of an internationalist that I thought, I'm really happy about this.

I just want to reiterate that the money we need to pay our debt, bailout the economy, and make the world a better place to live curremtly exists in our military budget.

Or we can continue to fund the bloated Department of "Defense" and go the way of the Romans, our choice.

 

[Samirol]

You know how everyone was saying how much we could buy with that 700 billion dollar bailout, and how much good it could do? We will spend 700 billion dollars on the military budget in 2009.

 

[ultraNoob]

I'm soooo gonna go to the fed reserve and redeem my paper money for gold. At least gold won't devalue as fast as the USD when this goes through. It'll make it easier for me go get a new grill too

 

[Defenestrated]

 

[Samirol]

I'm soooo gonna go to the fed reserve and redeem my paper money for gold. At least gold won't devalue as fast as the USD when this goes through. It'll make it easier for me go get a new grill too

Uhh...this and the bailouts are non-inflationary spending, in fact, we are going through a period of deflation.