PRESIDENT OBAMA SHELLS A WHOPPING $100 BILLION TO THE UNITED NATIONS

THE NATIONAL DEBT REACHES $13.6 TRILLION!!!

THE UNEMPLOYMENT LINES GROW!!

WHAT, BARACK WORRY???

by Paul L. Williams, Ph.D.

The U. S. State Department today 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.â€