Imagine you have a neighbor. He is a nice guy, a Ned Flanders type. Old Ned has a mortgage, car payment, bills, the typical debt load. Ned learns the local food pantry needs donations, so he spends his grocery budget to help out the less fortunate. Our good Samaritan learns the homeless shelter needs donations and repairs. He bites the bullet and takes out a second mortgage to finance the repairs.
The economy sours and he has to borrow a little more to make his payments. He takes out credit cards to pay his credit card bills. He takes some items to the pawn shop. He has some unexpected medical bills. He is drowning in debt, but imagines he will survive somehow.
Our Hero decides to "adopt" a kid based on a late-night commercial. A local family's house burns down and there is a plea for donations. Ned sends three thousand dollars. He goes to the bank to discuss a third mortgage. He pleads with his boss for more hours.
Good old Ned has good intentions. He cares about his fellow man, but he is an idiot. He is bankrupting himself. I think most of us would agree.
The US is broke. We have a staggering national debt. The current administration has borrowed more money than all of the previous administrations combined. They are promising more debt and borrowing in the future.
Yet now we are promising we will borrow $100,000,000,000 -- that is one hundred billion dollars -- to give to Third World Countries to assuage our guilt over having advanced industrial capacity. We are going to pay these poor nations, many run by greedy despots, for our evil carbon usage. Our factories may spew CO2, a natural gas that makes farms more fertile, but the plight of the Third World is our fault somehow.
Just think, Hillary Clinton and the Obama administration just signed that third mortgage in your name for a payment of $333 for every man woman and child in this country, plus interest -- every year. I am all for helping out others, but when we are borrowing money to give as charitable donations, we need to take a step back.