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October 03, 2008
Foreign Aid Pledge Under Scrutiny
Due to the bailout of financial institutions, Sen. Barack Obama may not be able to increase foreign aid from $25-billion to $50-billion by 2012 if he is elected president, said Mr. Obama’s running mate Sen. Joe Biden during last night’s vice-presidential debate.
“The one thing we might have to slow down is a commitment we made to double foreign assistance. We’ll probably have to slow that down,” Mr. Biden said.
The decision will probably concern antipoverty groups that have sought for overseas aid to be on both presidential candidates’ agendas.
During the debate last night, Republican John McCain’s running mate, Sarah Palin, governor of Alaska, would not identify what policy proposals would be jeopardized by the current financial problems.
Mr. McCain has pledged to support foreign aid, but he has not promised to double it, as Mr. Obama has.
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Copyright © 2009 The Chronicle of Philanthropy
Unfortunately, neither party will own up to the fact that as a result of the disastrous economic and foreign policies of the current administration—excessive deregulation/asleep on the switch re predatory lending on the one hand, bilions of dollars wasted as a result of going unnecessarily to war in Iraq and forgetting to win the peace in Afghanistan—we will be deply in debt and forced to a combination of raising taxes and cutting expenditures for many years. In other words, we will be paying for the incompetence and poor judgment of the current administration for many years—as many people overseas are paying and will pay in the future. Joe Biden offered to cut the foreign assistance pledge-that’s easy because people in foreign countries can’t vote in our elections! Sarah Palin couldn’t even do that (because the McCain campaign hasn’t committed anything to increasing foreign assistance). Neither one wants to offend the voters.
— Keith Oberg Oct 3, 09:46 PM #