Y'SEE, THE CALCULATOR RAN OUT OF BATTERIES – AT 11:58 A.M. ET:  Stories like this require various medications to keep us calm after reading.  From London's Daily Mail:

The U.S. is providing hundreds of millions of dollars of foreign aid to some of the world's richest countries - while at the same time borrowing billions back, according to report seen by Congress.

The Congressional Research Service released the report last month which shows that in 2010 the U.S. handed out a total of $1.4bn to 16 foreign countries that held at least $10bn in Treasury securities.

Four countries in the world's top 10 richest received foreign aid last year with China receiving $27.2m, India $126.6m, Brazil $25m, and Russia $71.5m.

Mexico also received $316.7m and Egypt $255.7m.

And yet despite the massive outgoings in foreign aid, the receiving countries hold trillions of dollars in U.S. Treasury bonds.

China is the largest holder with $1.1trillion as of March, according to the Treasury Department.
Brazil held $193.5bn, Russia $127.8bn, India $39.8bn, Mexico $28.1bn and Egypt had $15.3bn.

COMMENT:  But who cares, right?  The people who got us into this mess don't consider that the people's money.  They consider it the government's money.  That is their mentality, which is why they do the things they do. 

This requires a Congressional investigation.  It also requires some serious press coverage, with detailed cases examined.  We hope for the former.  I have no hope for the latter.

June 5, 2011