Lawmakers Resist Obama's Call to Offer $2B in Loan To Egypt

Lawmakers Resist Obama's Call to Offer $2B in Loan Assistance to Egypt

Published May 21, 2011

| FoxNews.com

AP

May 19: President Barack Obama delivers a policy address on events in the Middle East at the State Department in Washington.

President Obama's call for $2 billion in loan assistance to Egypt has left many political figures scratching their heads as they try to figure out why a debt-ridden U.S. would commit that much money to a country whose new government may not end up friendly to America.

In Thursday's sweeping address on the uprisings in the Middle East and North Africa, the president said he wants the U.S. to forgive roughly $1 billion in debt owed by Egypt and to provide another $1 billion in loan guarantees to free up money for job-creation efforts there.

Read more: http://www.foxnews.com/politics/2011/05/21/lawmakers-resist-obamas-offer-2b-loan-assistance-egypt/#ixzz1N0g42XCm

ALL U.S. foreign aid should be stopped immediately. We need the money to fix our country.

I can't disagree with that.....would that include Israel?

That would include Israel. Are you so stupid that you could not deduce that?

my, my....aren't you testy today.

You definitely have that effect on people.

Nmysys wrote: You definitely have that effect on people.

you can't even tell the truth about ignoring me