Posted on 05/08/2007 9:29:19 PM PDT by Gengis Khan
Let’s see... $3 billion over 5 years... to India’s $600 million a year... Well, you do the math.
Between fiscal years 1965 and 1974 the U.S. and IFIs provided India with $7.6 billion in foreign aid while India spent $16.4 billion on military build-up. Thus the foreign aid provided enough capital inflow to allow India to spend such a large per centage of her budget on defense. - LINK
Thank you.
Maybe it’s time to stop it.
"India has told the United States to keep its hands off the issue of Iran gas pipeline and declared that it will take a decision in the matter in accordance with its energy needs and national interest."
Which is India's right. It would be helpful if India wasn't an ally of Tehran, but it isn't obligated to be.
How large a percentage of the budget is that? Please provide the percentage figure.
Even in nuclear energy, India doesn’t have it as easy as other countries. It has relatively little uranium ore, and is trying to make thorium nuclear reactors (it is supposed to have around a quarter of the [above sea level] world’s thorium reserves). And oil is largely used for transport, even in India. It also doesn’t have much coal.
Just pointing out.
Why are some of the 1s (ones) skinny?
So if we decide not to agree with India what are they going to do?
“Between fiscal years 1965 and 1974 the U.S. and IFIs provided India with $7.6 billion in foreign aid while India spent $16.4 billion on military build-up”
Whats wrong with that? They do need to defend themselves dont they? In 1965 and again in 1971 India fought
wars with pakistan.
Holy cow! You don’t get it?
Well, we all know you can’t buy friends.
But what the US Govt has yet to figure-out is that you can’t buy-off enemies, either.
The point is that you were able to fight those wars because of the USA’s generosity. You’re welcome.
BTW, Lantos is a Congressman, D-CA, not a Senator. However he does think he is Sec. of State!!
No. In fact the 71 war was fought despite US sanctions.
India has received more foreign aid than any other developing nation since the end of World War II--estimated at almost $55 billion since the beginning of its First Five-Year Plan in 1951. ...The bulk of American aid to India was disbursed from 1955 to 1971. - LINKWhile India has received more foreign aid from the United States than has any country in the world, New Delhi consistently has criticized the U.S. for insufficient assistance and demanded, as a matter of alleged right massive transfers of wealth from the developed nations of the North to the developing countries of the South in constructing a New International Economic Order. While borrowing substantial amounts of money from capitalist countries and institutions including a recent record 5.7 billion from the International Monetary Fund, India consistently has denounced the capitalist system and squandered money on its own form of state socialism. While criticizing the arms race among the superpowers and excoriating excessive defense spending compared to foreign aid in the West, India has built the fourth largest army in the world and has engaged in a major buildup of weaponry, mostly purchased from the Soviet Union. - LINK
I got it and didnt find it so funny.
The emergency arms assistance in 1962 was only a token gift that was too little too late. The Chinese actually withdrew under pressure from the Soviet Union.
Time to pull back all the aid we’ve been giving them. Spoiled child!
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