Legislation sponsored by Sen. Barack Obama, the presumptive Democratic presidential nominee, is estimated to cost the U.S. some $845 billion over the coming few years in an effort to raise the standard of living around the globe.
S.2433 already has been approved in one form by your U.S. House of Representatives and now has been placed on the Senate Legislative Calendar for pending debate.
The proposal demands the president develop "and implement" a policy to "cut extreme global poverty in half by 2015 through aid, trade, debt relief" and other programs.
The legislation, if approved, dedicates 0.7 percent of the U.S. gross national product to foreign aid, which over 13 years, he said, would amount to $845 billion "over and above what the U.S. already spends."
"With billions of people living on just dollars a day around the world, global poverty remains one of the greatest challenges and tragedies the international community faces," Obama said. "It must be a priority of American foreign policy to commit to eliminating extreme poverty and ensuring every child has food, shelter, and clean drinking water. As we strive to rebuild America's standing in the world, this important bill will demonstrate our promise and commitment to those in the developing world.
adapted from Bob Unruh story on Worldnetdaily.com
Friday, July 25, 2008
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