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In his annual budget message to Congress, President Barack Obama asked that military aid to Egypt be kept at the level of recent years -- $1.3 billion -- despite a crisis triggered by an Egyptian probe targeting American democracy activists.
Most of the economic aid for the Arab Spring countries -- $770 million -- would go to establish a new "Middle East and North Africa Incentive Fund," the president said in his budget plan.
It would also build on other programs for the area, including up to $2 billion in regional Overseas Private Investment Corporation financing, up to $1 billion in debt swaps for Egypt, and approximately $500 million in existing funds re-allocated to respond to the region last year, the budget document said.
What say you ATS? Insanity or good foreign policy?
Obama proposed $51.6 billion in funding for the U.S. State Department and foreign aid overall, when $8.2 billion in assistance to war zones is included. The "core budget" for the category would increase by 1.6 percent, officials said.
Originally posted by Wrabbit2000
My fellow members... I ask you. What is the major malfunction with our President? Is he stupid?
reply to post by Wrabbit2000
$2 billion in regional Overseas Private Investment Corporation financing......
Originally posted by Aliquandro
My guess is this Middle East and North Africa Incentive Fund will go towards training and arming SWAT teams to beat the Egyptian democracy into submission. The OWS police actions have set the bar nice and low for the rest of the world as to how to treat a citizen.