Haiti Relief

[B_Enough_for_Me]

£9 trillion spent on bailing the banks out worldwide
£97 billion spent on thw UK's new trident missile system
£2.5 billion US aid to Israel each year
£400 million US aid to Colombia
£88 million US and UK aid pledged to Haiti

Theres the issue people. The world Governments need to sort out their priorities.

US troops in Haiti? Oh that will help. That is what the Haitians need. Bullets.

Your brain doesn't work.

 

[D_Andreas Sukov]

Your brain doesn't work.

Your must, Considering the amount you have brought to this thread.

 

[TomCat84]

Either way, it will be interesting to see how long your boys stay there....

What i meant by UN troops, is that, If they are already there, Why do they need anymore?

As long as it takes, lemon. Haiti IS in our geographical backyard. It's in our interest to keep troops there to stabilize the country. There is a long history of boatloads of Haitians trying to make it to Florida. We don't need another wave of them trying to come over.

 

[D_Andreas Sukov]

As long as it takes, lemon. Haiti IS in our geographical backyard. It's in our interest to keep troops there to stabilize the country. There is a long history of boatloads of Haitians trying to make it to Florida. We don't need another wave of them trying to come over.

Maybe cancel that £500M? Then they could sustain themselves.

 

[TomCat84]

Debt cancellation is one of the strategies being discussed, and isn't something I'm opposed to, but it's not a panacea to Haiti's problems. Institutional corruption needs to be addressed, among other things. Aid needs to be given contingent on governmental and economic reforms being made. US troops are there as an ad hoc national police, and as a method of distributing aid. And, realistically, they're their to make sure that shit doesn't go down that would negatively affect the US. I'm not opposed to that either. Like I said, there is a history of Haitian exodus to Florida and parts beyond.

 

[B_Enough_for_Me]

Yours must, considering the amount you have brought to this thread.

Amount? Of brain?

At least I'm not polluting it with a rare and overwhelming form of Stupid.

Seriously, your comment was a record breaker; you have knocked Vinyl*** off his perch. ALL HAIL THE NEW KING ! !

 

[B_Mister Buildington]

I could be wrong, but it seems like the Inter-American Development Bank, Haiti's largest creditor, is funded by non-government investors. Is it governments place to cancel debt that is owed to private organizations?

 

[TomCat84]

No, but I would imagine there are some things governments can do to encourage debt cancellation.

 

[B_Enough_for_Me]

No, but I would imagine there are some things governments can do to encourage debt cancellation.

Debt cancellation isn't the answer. Think about it in the long term.

But first, some questions: Which debtor's note will we cancel? Which "debts" are we speaking of? Are these IMF loans? World Bank loans? Government backed securities? Private loans? What? Whose loans get cancelled? It's not enough to say "Haiti's." Who is responsible for these debts? Can they pay their debts? Why wouldn't we just put a temporary stay on the debts? Will cancelling debts actually fix anything? Haiti is already cash poor, saying they can use the cash they have to fix their government is a little "Qu'ils mangent de la brioche."

Now, when we cancel yet-to-be-defined "debts" how do we convince others to loan money to Haiti? Haiti is already short on GDP, throw in government enforced "debt" cancellation and you have a recipe for another two decades of poverty. Why? 1) Moral hazard. 2) Risk aversion.

On top of all of this, who has the power to simply cancel a debt? It is far far far more complex than it's getting credit for here.

It would be far easier and more beneficial to give Haiti a new loan to rebuild on.

 

[D_Andreas Sukov]

Amount? Of brain?

At least I'm not polluting it with a rare and overwhelming form of Stupid.

Seriously, your comment was a record breaker; you have knocked Vinyl*** off his perch. ALL HAIL THE NEW KING ! !

Please dear boy, i'm a socialist. I cant be king. We are all leaders of ourselves...

I dont get why you see my post as stupid other than the fact you do. If you cannot tell me why, then you are stupid yourself. Judging by your other post, i take it you are right wing? That explains it.

 

[D_Andreas Sukov]

Debt cancellation isn't the answer. Think about it in the long term.

But first, some questions: Which debtor's note will we cancel? Which "debts" are we speaking of? Are these IMF loans? World Bank loans? Government backed securities? Private loans? What? Whose loans get cancelled? It's not enough to say "Haiti's." Who is responsible for these debts? Can they pay their debts? Why wouldn't we just put a temporary stay on the debts? Will cancelling debts actually fix anything? Haiti is already cash poor, saying they can use the cash they have to fix their government is a little "Qu'ils mangent de la brioche."

Now, when we cancel yet-to-be-defined "debts" how do we convince others to loan money to Haiti? Haiti is already short on GDP, throw in government enforced "debt" cancellation and you have a recipe for another two decades of poverty. Why? 1) Moral hazard. 2) Risk aversion.

On top of all of this, who has the power to simply cancel a debt? It is far far far more complex than it's getting credit for here.

It would be far easier and more beneficial to give Haiti a new loan to rebuild on.

If you knew anything about the third world, you would know that this wouldnt work. Im the stupid one?

 

[B_starinvestor]

I could be wrong, but it seems like the Inter-American Development Bank, Haiti's largest creditor, is funded by non-government investors. Is it governments place to cancel debt that is owed to private organizations?

It is not.

Unless it is a radical left wing gov't; in which case everything is 'their place.'

 

[D_Andreas Sukov]

It is not.

Unless it is a radical left wing gov't; in which case everything is 'their place.'

Name a left wing government which was like that? Not even Stalinist Russia was like that unless America got involved.

I'll wait for the attacks, but dont be stupid Star. You would be a really intelligent guy if it wasnt for posts like this.

 

[B_Mister Buildington]

You would be a really intelligent guy if it wasnt for posts like this.

I hope you can teach him a thing or two about bein' smart.

 

[D_Andreas Sukov]

I hope you can teach him a thing or two about bein' smart.

IM confused as to whether that is a dig at him or i?

 

[B_Enough_for_Me]

If you knew anything about the third world, you would know that this wouldnt work. Im the stupid one?

Uh huh.

 

[B_Mister Buildington]

IM confused as to whether that is a dig at him or i?

I don't think anyone else is going to be confused.

 

[D_Andreas Sukov]

I don't think anyone else is going to be confused.

That doesnt help me though does it?:smile:

 

[B_Mister Buildington]

Of course I was saying that you have a lot to teach him. After all, you're a teenager! You know everything!

 

[TomCat84]

lemon, it's great that you're a socialist, but you do realize that socialism (and, by extension, communism) is just as unrealistic as capitalism. The answer, I believe, lies somewhere in the middle. You cant just call someone right wing, and leave it at that, like it's some sort of epithet.