Fox News: Foreign Aid Creates Dangerous Co-Dependency
One of the editors at CBS MoneyWatch asked me what I thought of this story at Foxnews.com:
U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities, FoxNews.com
The story claims that foreign aid to countries like China creates a dangerous "co-dependency" where we give foreign aid in rerurn forpurchasing our debt.
I'm not sure I got this right, so (constructive) comments are welcome.
Posted by Mark Thoma on Friday, June 3, 2011 at 11:16 AM in Budget Deficit, Economics, MoneyWatch, Politics |
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