Monday, June 21, 2010

A Bailout You Might Not Have Heard Of

So first we bail out the mortgage companies. Then we bail out the auto industry.

Most of the people I have talked to or heard speak of the bailouts certainly do not talk or respond favorable of them. Rightly so. It's unconstitutional and it is a waste of taxpayers money.

However, how would you feel if you found out that there is another bailout on its way. And even worse, this time the money isn't even going staying in this country.

The federal government has decided that they are going to use $60 million of YOUR money to give to Palestinian refugees.

Read about this new bailout at this article that I found on CNN:

Clinton announces funding for Palestinian refugees

What's worse is that according to the article the United States spent over $1 billion last year internationally to refugees.

How's that for a big waste of money for another bailout?

9 comments:

  1. My first thought when I heard this story over the weekend was “how are we going to afford that?” That having been said, I can’t help but wonder how is providing humanitarian aid to people who desperately need it a bad thing? Also, how does this qualify as a “bailout?”

    Of all of the things that our government spends, and wastes, money on I don’t have a lot of problems with money going to help refugees.

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  2. Providing aid to people who desperately need it?

    I think we should worry more about our own people first before we go playing babysitter for the rest of the world.

    We have thousands if not millions of people in THIS country that are homeless and/or starving.

    Don't you think we should be "bailing" those people out first?

    How is giving away money that we (you are right) can't afford to give a good thing?

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  3. You are right in the fact that we have people here at home we should be helping out first. I completely agree there. I just think that it is a bit callous to equate humanitarian aid with the Wall Street bailouts. They aren’t the same thing IMHO. In the grand scheme of things that our government wastes our money on, I just don’t see this really as a waste or a problem. I’m not sure that we can afford it at the moment, but I don’t think that it is wrong either.

    I’m working on a post in response to this too. You got me thinking this morning Steve. :o)

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  4. I equate this "humanitarian" aid to the Wall Street bailouts because I feel that in both cases, the taxpayer's money was used to give financial aid to a group of people that, in my personal opinion, do not deserve it.

    Am I unsympathetic toward the Palestinians? No. But do I think they deserve our money? No.

    Let's look at it this way.

    Let's say that you have $100 in your pocket. It is the last $100 that you have so you should be guarding it pretty close.

    Now, let's say that your brother (or your sister or your son or daughter) is in a really bad bind and could really use a few bucks.

    Then, there is another guy that lives down the block from you that you know but they aren't really your friends and you basically only put up with him, you don't really like him. Well, he is in a bad financial bind as well.

    If you were going to give some of that $100 away to someone, and keep in mind that this is the last of your money but you would feel really really bad if you did not help out someone, who would you give it to? Your own flesh and blood or someone that you really didn't like in the first place?

    So, is giving away money to Palestinian refugees a waste? Yes. If giving money away to Wall Street bankers and mortgage comapnies a waste? Yes. If giving away money to the auto industry a waste? Yes.

    These are all a waste of money by definition. The definition of waste is to consume or spend without adequate return (according to the Random House Dictionary 2010). In my personal opinion I don't feel that in any of these cases the taxpayers are going to see any meaningful return from this money spent, especially not in the case of giving away money to the Palestinians.

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  5. Hmmmm…that’s an interesting analogy. I’m not sure that it works here but it is food for thought.

    Steve said: In my personal opinion I don't feel that in any of these cases the taxpayers are going to see any meaningful return from this money spent, especially not in the case of giving away money to the Palestinians.

    So do you think that any money spent should see some type of return or profit (for lack of better term) to the American people? What if that money truly helped to save the lives of hundreds of Palestinians, who went on to productive lives? Is that not a good enough return on the investment?

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  6. I was only using that definition of waste because you said in your previous comment:

    "I just don't see this really as a waste.."

    But, perhaps you are right. Maybe if that money really did save people that went on to live productive lives. In that case, perhaps it would not be a waste of money.

    But for one, I still say we should be concentrating our financial efforts here at home first. Let their own governments take care of them. You might call that a bit callous as well and for that I will have to confess I am a bit.

    But part of me thinks (and I know it is probably wrong of me to think this way but I can't help the way I think) that these people that we are helping out are the people that, in the end, might just end up as suicide bombers. I dunno. I hope I'm wrong.

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  7. Steve said: But for one, I still say we should be concentrating our financial efforts here at home first. Let their own governments take care of them. You might call that a bit callous as well and for that I will have to confess I am a bit.

    Do you think that we should pull out of other countries and just concentrate on things here at home instead of being active on the world stage? There is a term for this and for the life of me I can’t remember what it is.

    Steve said: But part of me thinks (and I know it is probably wrong of me to think this way but I can't help the way I think) that these people that we are helping out are the people that, in the end, might just end up as suicide bombers. I dunno. I hope I'm wrong.

    That is an understandably human response, but it is fear talking. Maybe I’m wrong for being overly optimistic about people, but I don’t think or assume that people will turn into terrorists. The reality is probably somewhere in-between you and me on this. That part of the world is a complete and total mess and I can’t even begin to imagine what it must be like to survive there. There is a part of me that thinks we should just up and leave, but then there is this other part of me that knows that the US government is partially to blame for the state of things in the Middle East and thus should do something to help fix it. What that something is, I have no idea because our efforts up to this point haven’t worked out all that well.

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  8. Do I think we need to pull out of other countries and just concentrate on things at home?

    To a point.

    I don't think we need to COMPLETELY pull away from the world stage but honestly, in my opinion, I think we should scale it back a bit in some ways.

    I believe the term you are trying to think of though is either isolationist or non-interventionist and yes, I have to admit that part of me is a tad bit of an non-interventionist...just a little.

    I don't think you are wrong by being overly optimistic about people. That's a good thing and I wish that I could be but I can't. The history that I have studied shows me that these people will never get along and there is nothing that we as a country can do, diplomatically and ESPECIALLY NOT financially, that will change the situation.

    And you could be right about our country being partially to blame for how bad the situation in the Middle East has gotten.

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  9. I guess it's all just a matter of opinion on whether or not you or I or anyone else for that matter thinks this is a waste of money that our federal government should not be spending.

    For instance, I do not believe that the taxpayer's money should go toward funding abortions. Others might disagree with me.

    I do not believe that we should be the country that fits the largest percentage of the bills for the United Nations. Again, others might disagree with me.

    I don't believe that the taxpayer's money should have been used to fund bailouts for AIG and the auto industry. Others would disagree with me on that too.

    And in this case, I don't believe that the taxpayer's money should be funding humanitarian aid for Palestinians.

    Just my opinion. I could be wrong or I might not be.

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