G7 divided on debt relief for Africa

Discussion in 'General Global Topics' started by Said1, Feb 6, 2005.

  1. Said1
    Offline

    Said1 VIP Member

    Joined:
    Jan 26, 2004
    Messages:
    12,087
    Thanks Received:
    937
    Trophy Points:
    83
    Location:
    Somewhere in Ontario
    Ratings:
    +937
    G7 still divided on debt relief for Africa


    Continued
     
  2. NATO AIR
    Offline

    NATO AIR Senior Member

    Joined:
    Jun 25, 2004
    Messages:
    4,275
    Thanks Received:
    282
    Trophy Points:
    48
    Location:
    USS Abraham Lincoln
    Ratings:
    +282
    here's how it should work

    any loans made to a government in the Cold War that was ruled by a dictator or military junta are instantly forgiven.

    any loans made to a government ruled by a Marxist or Maoist piece of garbage, instantly forgiven.

    any loans made to a government after the Cold War that was ruled by a dicator or military junta, forgiven after ensuring the savings are spent on the people of that nation, not nice shiny military hardware or new palaces for the elite.

    we gave out a lot of money to nations in the Cold War that were not "democracies", but were ruled by OUR SOB's, who often used most of that money for themselves and their private bank accounts. to hold these nations, now mostly struggling democracies, accountable for our own past errors, is a terrible mistake.

    let's close the book on this part of the past and free these nations of crippling debt.

    on their own, with reform-minded foreign assistance like the MCA, then we will see whether or not they are for real.
     
  3. Johnney
    Offline

    Johnney Senior Member

    Joined:
    Dec 9, 2003
    Messages:
    4,330
    Thanks Received:
    141
    Trophy Points:
    48
    Location:
    IOWA
    Ratings:
    +141
    we need to be very very choosy who we give 100% forgivness to.
    just because some of the third worlds we gave loans to werent paying them back in the first place doesnt mean we should forgive them. and how much of what we loaned actually went for what it was intended for? :fifty:
     
  4. NATO AIR
    Offline

    NATO AIR Senior Member

    Joined:
    Jun 25, 2004
    Messages:
    4,275
    Thanks Received:
    282
    Trophy Points:
    48
    Location:
    USS Abraham Lincoln
    Ratings:
    +282
    Many of those loans made during the Cold War were to dictators and juntas held accountable by no one and kept in power by the fact they were pro-American. An "excess" of the Cold War that I have come to agree (out of a growing maturity I hope) was necessary to win. We will always have "our SOB's", but in the end, the people those SOB's rule over with impunity should not have to pay the price for those SOB's getting loads of money from the US and other allies and not spending it on the nation, but on themselves.
     

Share This Page