Our illustrious leader has spoken. He “wants the U.S. to forgive roughly $1 billion in debt owed by Egypt and to provide another $1 billion in loan guarantees to free up money for job-creation efforts there.”
Considering his failure to bring U.S. unemployment down under 9%, perhaps he thinks Egypt’s economy will be easier to manage?
Meanwhile, Obama’s proposal is drawing resistance in the usual–and unusual–places.
Senator Tom Coburn (R-OK) said: “Where are we going to get $1 billion? If we give them $1 billion, we’re going to borrow $400 million from the Chinese.”
But Democratic stalwart Senator Dianne Feinstein (D-CA) wins the Notable Quote of the Day: “I don’t know where this money is going to come from. Two billion dollars, when everything is getting cut to the bone, is going to be difficult.”
Feinstein is a senior member of the Senate Appropriations Committee, which is in charge of allocating such funds.
Will somebody stop the man-child from spending our great-great-great grandchildren’s money?
Could anybody tell me why does this guy still has an 8.9% positive approval rating?