I always wonder if these loans have had their principal paid or mostly paid off...and they are just writing off interest in exchange for trade gains.
I doubt it.
I doubt it because we never get a proper accounting of it.
We are the taxpayers. We should have a right to a proper, clean balance sheet and income statement. The U.S. Budget, if it were in the private sector, would be found in violation of generally accepted accounting principles and be prosecuted for outright fraud. The officals responsible would be in jail like a bunch of Enron criminals.
The entire use of taxpayer funds is a giant fraud. There is no simple and clear showing for the Americn citizens how this money is spent.
Show me where debt cancelation is accounted for in the U.S. Budget! We are all being defrauded and most taxpayers are apathetic about this. No wonder why we are sliding down a greased tube.
The USA cannot even afford health insurance for it's own people. The USA has been loosing it's jobs to China, India, and elsewhere, and it seems, that we need someone else to help us, for our lawmakers are busy helping the rest of the world. Our government is now even telling us that Social Security for the elderly and the disabled is going down the tubes, so yes, I think we need to stop throwing money around, and take care of our own.