Copenhagen Flash: U.S. Commits Unprecedented Billions, Worse to Follow

So Secretary of State Hillary Clinton has just made news by landing in Copenhagen and immediately announcing $100 billion through 2020 in additional new money to developing countries, in the name of “climate change”.

Climate changes. Always has. Always will. And so long as a country remains poor, its climate and weather will be among the greatest challenges to its people. Just like it was to us until we industrialized and got wealthy. All of the billions in foreign development aid have ostensibly been to help these countries deal with climate change (though it is not due to the weather that they remain poor). We know how wealth transfers to kleptocracies works out. We should expect nothing different here. It’s just waste and an invitation to fraud on a far grander scale.

For perspective, in 2008, total United States Overseas Development Aid was $26 billion. So you see we’re talking about a spectacular increase in foreign development aid in the name of something the case for which is collapsing all around us.

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