From Obama’s remarks today about the middle east:
…we do not want a democratic Egypt to be saddled by the debts of its past. So we will relieve a democratic Egypt of up to $1 billion in debt, and work with our Egyptian partners to invest these resources to foster growth and entrepreneurship. We will help Egypt regain access to markets by guaranteeing $1 billion in borrowing that is needed to finance infrastructure and job creation. And we will help newly democratic governments recover assets that were stolen.
Gee, anyone else know of another country that is saddled by debt? Like, maybe, the United States of America?
If only President Obama were as worried about our national debt as he is about Egypt’s debt.
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