Random Thought for the Day
I ran across this article on Yahoo about the (very commendable) reductions in Iraq's debt load, which have been spearheaded by the U.S.
And I couldn't help wondering about the human benefits which could be achieved if the U.S. were to devote the same political will towards forgiveness of the debts of all the destitute countries around the world.
I imagine the citizens of the poorest countries, where the money which goes to debt repayment dwarfs spending on health care, fighting aids, etc, must be wondering, as I am, why it's possible to achieve such massive reductions in Iraq's debt, but progress is so painfully slow (or nonexistent) everywhere else.
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Edited to add that if you want to get some background on this issue, the Jubilee USA network is a good source, the news links down the right side of their homepage provide a pretty good background of recent developments on this issue.
And I couldn't help wondering about the human benefits which could be achieved if the U.S. were to devote the same political will towards forgiveness of the debts of all the destitute countries around the world.
I imagine the citizens of the poorest countries, where the money which goes to debt repayment dwarfs spending on health care, fighting aids, etc, must be wondering, as I am, why it's possible to achieve such massive reductions in Iraq's debt, but progress is so painfully slow (or nonexistent) everywhere else.
---
Edited to add that if you want to get some background on this issue, the Jubilee USA network is a good source, the news links down the right side of their homepage provide a pretty good background of recent developments on this issue.
Labels: debt, Iraq, third world debt
posted by Declan at
Friday, December 17, 2004
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