Let’s say you go to a rather generous banker and borrow a million dollars. As a newly minted millionaire, you decide to be generous and give away all of your money. No worries, next year you can just borrow another million dollars and give that away too.
You can do this over and over again because… you’re rich!
Except for one minor technicality.. you still need to pay back the generous banker… with interest.
Sound like a good plan to you?
Apparently President Obama thinks this is a logical and fiscally sound approach to global citizenship:
FoxNews - Secretary of State Hillary Clinton told reporters in Copenhagen the United States is willing to commit up to $10 billion a year by 2012, and would support a global fund of $100 billion a year to help developing nations deal with climate change, provided the nations here are willing live up to the ‘transparency’ demanded by the U.S.
$10 billion per year, money we do not have, paid to “developing nations”. Like China… who just happens to be America’s generous banker.
So… we are promising to borrow money from China so we can send money to China and other developing countries so that those countries will agree to reduce CO2 emissions.
Nothing wrong with that plan…
No worries though… President Obama knows where he can get that money to pay back our bankers. All us rich Americans, and our kids, and their kids, and their kids will be happy to pay a large chunk of our pay checks so that we will one day live in a world where people no longer live in fear of CO2.
In fact, we can all do our part here… please refrain from breathing out. It’s not your fault really, you can’t help yourself. As long as you breath out you release CO2 into the air and contribute to global warming. No one is suggesting you stop breathing in… just don’t breath out.
Thank you for your support…
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