PRESIDENT DONATES $100 BILLION TO THE UNITED NATIONS

While we have starving children in the U.S. of A.

The country is bankrupt and this how we spend $100 billion? Outrageous.-Lou

The U. S. State Department yesterday announced that the Obama Administration has agreed to contribute $4 billion to the United Nations Global Fund to fight AIDs, Tuberculosis, and Malaria from 2011 to 2013.
The $4 billion represents a 38% increase over the previous U.S. commitment to the fund.
United Nations Secretary-General Ban Ki-moon said that a total of $11.7 billion has been raised from 40 countries, the European Commission, faith-based organizations, private foundations, and various corporations.
This means that over one-third of the money will come from the pockets of US taxpayers.
Oil-rich nations like Saudi Arabia, Abu Dhabi, and the United Arab Emirates contribute next to nothing, and China, which holds most of the US $14 trillion debt, agreed to provide a measly $14 million.
In addition to the annual gift of $1.33 billion to the Global Fund, President Obama has agreed to provide billions more for UN projects.
These allocations are set forth in a 28 page document as follows:
  • Funnel $63 billion to the Global Health Initiative during the next six years
  • Make $1 billion annually to education programs
  • Give $475 million to the Global Agricultural and Food Security Program’
  • Provide $800 million from the Overseas Private Investment Corporation to Muslim-majority countries in the Middle East and North Africa. An additional $3.2 billion will be provided by private equity capital sources to these Muslim nations
  • Shell out millions more available through USAID for developing tech hubs in Uganda, Kenya, Cameroon, South Africa, and Senegal.
  • Dole out $80 million through the Overseas Private Investment Corporation for small to medium enterprises in the Middle East and North Africa.
  • Cough up $2.5 billion annually to 90 countries to “strengthen governance and democratic institutions.”
  • Make available $30 billion through the Obama’s Climate Change Initiative to reduce greenhouse gas emissions.. In addition, $100 billion a year will be provided through taxpayer and private resources to deal with the alleged threat of global climate change.
The United States is assessed at 22% of the U.N. regular budget and more than 27% for U.N. the peacekeeping budget. Mr. Obama has requested $516.3 million for the U.N. regular budget and more than $2.182 billion for the peacekeeping budget for 2011.
The United States is also assessed for numerous other United Nations organizations as well. More than $6.347 billion went to U.N. organizations in FY 2009.
Thanks to David in Florida for sending this.
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