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European and American media may be celebrating the triumph of the Ukraine “people’s revolution,” but the real question is who is going to pay for the $29 billion a year bailout to keep the country from going bankrupt.
United States Secretary of State John Kerry recognized the rebel government and pledged $1 billion of support. The 28 nation European Union (EU) offered to join with the International Monetary Fund (IMF) in an aid package worth as much as $27 billion over seven years. But with the EU economy shrinking by a ½% over the last five years and many member nations needing financial assistance, the bulk of the cash for a Ukrainian bailout would have to come from the U.S. Given America’s foreign economic assistance budget is only $31.2 billion, are Americans willing or able to pay $29 billion a year to keep the Ukraine afloat?
Should U.S. Pay for Ukraine's Bankruptcy?
Should U.S. Pay for Ukraine's Bankruptcy?
MALBOSIA
29B/yr is pretty cheap for a Russian boarder.
How much does Israel cost? And for nothing....
Wookiep
MALBOSIA
29B/yr is pretty cheap for a Russian boarder.
How much does Israel cost? And for nothing....
Ok, noted, you are condemning the U.S. for supporting Israel, many on ATS do that and it's noted every day. It's a completely different topic, however, btw...
So what about the Ops title question? "Should U.S. Pay for Ukraine's Bankruptcy?"
If you think the U.S. should as a gesture of "why not, they pay Israel at the cost of nothing", (assuming you're referring to the FED who prints it, whereas the taxpayers flip the bill) where do you think the other NATO nations stand? Should they not play a part at all? This isn't even in the U.S. backyard. The EU wants a deal with Ukraine so why shouldn't they speak up, get tough and flip the bill?edit on 28-2-2014 by Wookiep because: (no reason given)