Obama forgives Egypt $1 billion of loans, and wants to "guarantee" another $1 billion

To me, Obama is definitely a big spender! All he does is spend, spend, spend and keep making worse mistakes! Someone has to stop him from spending more!! We need the money to support ourselves. We can not let him spend our money to foreign countries.. Enough is enough!
 
What has Egypt done for the US? They constantly vote against America, and are usually on the "other side".

U.S. relieves Egypt of $1 billion debt to help recovery » Breaking News | Wire Update News | News Wires -

By BNO News
WASHINGTON D.C. (BNO NEWS) -- United States President Barack Obama on Thursday announced the decision of relieving Egypt of up to $1 billion in debt to help promote growth and development.

Obama also guaranteed the new Egyptian government a $1 billion loan to finance infrastructure and job creation. The announcements were part of the president's speech on the recent events in the Middle East.

"We do not want a democratic Egypt to be saddled by the debts of its past," said Obama. "So we will relieve a democratic Egypt of up to $1 billion in debt and help regain access to markets by guaranteeing $1 billion in borrowing."

The economy's improving. We didn't really need the money anyway

*takes another sip of Koolaid*
 

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