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Friday, June 03, 2011

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 on Friday, June 3, 2011 at 11:16 AM in Budget Deficit, Economics, MoneyWatch, Politics | Permalink  Comments (20)


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