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Are Americans just plain stupid to give China foreign aid while paying them over 450 billion in interest?
''They say since 2001, the U.S. has provided more than $275 million in direct assistance to China, such as for expanding Internet access and improving public transportation.''
12 Answers
- JaniceLv 610 years agoFavorite Answer
Most foreign aid is wasted but giving money to China is just flat out ridiculous. We give them aid and they turn around and loan it back to us with interest. Then just to keep life interesting they use some more of our money to train hackers who then hack into various systems in the US.
Most Americans aren't stupid but I wonder about our government.
- 10 years ago
How this has transpired is that in recent years the Chinese economy has grown so fast that political developments in donor countries have not kept pace. Many countries that have provided foreign aid to China are now re-assessing their programs with an eye to cutting off the aid. The US could do the same thing. The main argument is the money could be better spent helping impoverished African nations instead.
Source(s): . Gork - LolliaBlackLv 410 years ago
So, the fact that China is the largest buyer in US debt holdings means nothing to you? Let them just sell their *Trillion Dollar Plus* of US debt holdings and call us even. That way we can "save money" on interest and foreign aid to China, right?
- fuzzytopLv 510 years ago
The United States just does not have any choice but to pay up. Years ago China sneaked nuclear weapons into the United States in 55 gallon drums. These have been placed in strategic locations all over the country. The US has been trying for years to locate all the weapons. Some gets located every year. But more are still out there.
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- bettinaLv 45 years ago
Extortion and taking care of their hobbies as an occasion say your a small third worldwide country united statesa. has good armed you into letting its industries take administration of your loved ones industry, billions of greenbacks in gross sales flow to america, tens of millions flow lower back out in so referred to as "foreign places help" the small third worldwide country will become based on that money so it in consequence will become united statesa.'s b*tch. foreign places help can mean a great form of issues, it may desire to truly mean a payoff like the mafia, if united statesa. needs a definite country to no longer do a definite concern at a definite time, that country could desire to get some money for his or her problems and in regimes like china there is not any oversight on the place the money is going so its no longer a lot china getting the money as specific politicians getting the money. some foreign places help is extremely no longer help at fascinated about occasion take the united stateswarfare on drugs, the united statescould desire to furnish some caribbean country some patrol boats to end drug smuggling yet there is not any significant drug subject in the country the help presented is extremely paying foreign places workers much less money to assist combat an american war on drugs with out out making use of human beings to do it, a style of outsourcing in case you will. Oh and the united statesdoesn't provide china billions, in 2008 they gained sixty 8 million, i doubt they gained something because then.
- Maya RLv 710 years ago
This is quite an unbelievable statement that China receives aid from the US. Unless you have a link to a trustworthy source which would support such an assertion, I doubt this is true.
- ?Lv 710 years ago
There is no such thing as foreign aid
Politicians are greasing palms for their own benefit
Americans have no choice in the matter , this does not make them stupid
- DosiaLv 510 years ago
America provided assistance to countries like China in order to earn their good feeling so that they can gain access to business in China.This in turn made China to buy American Treasury bonds in huge quantity and to keep huge US dollars as foreign exchange reserve.If China decided to offload this dollars, then the US dollar value would plummet drastically, and Us citizens will not be able to even go for foreign tours.
- 10 years ago
soon war is coming to china and all their money in foreign bank will get frozen. see what happened to Lybia and Egypt.
- 10 years ago
this has been going on for years....we always give foreign countries foreign aid. we also always pay interest notes to other countries.
Source(s): my brain. Im an educated man.