Among the countries listed as receiving U.S. financial and/or military aid -- almost every nation on earth is on the list -- is China.
That's stunning as China is the world's leading holder of U.S. government debt. They loan us money. We borrow money from China.
We borrow money from China and then give to China part of what we borrow from (and continue to owe to) China. We borrow money from China in order to give money to China.
Do we get credit against our debt for what we give to them as aid?
Hah, no way.
If anyone has an explanation for this, I'd sure like to have them share it with the rest of us.
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