Wednesday, December 21, 2011

The government finance shell game

USAID gives dollars to China.
That's to say, we borrow money from China to give to China. Oh, don't worry. It's only a few million, and most of it goes to "promote clean energy." It sounds so reasonable when you put it like that. Who among us hasn't borrowed money from his loan shark in order to buy his loan shark a hybrid?
Have to say I agree with this: "Government finance has become a giant shell game in which there is no ball to find."

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