Budget deficit on the West bank? No problem: just ask for more money

Absolutely disgusting and shameful: the West in a quite important economic crisis, and yet these guys are asking for more money.

Palestinian Authority governorates
Image via Wikipedia

The Palestinian Authority is facing a budget crisis. It has reached its borrowing limit and has a 585 million dollar deficit. So naturally its leaders are asking the West for another handout.

Back in 2007, 7.4 billion dollars was pledged to keep the terrorist edifice of the Authority running. The PA claimed that it needed 3.9 billion for budgetary shortfalls alone. And after pissing away far more than that, the men who give the suicide bombers their marching orders are back passing around the plate.

Even as the Palestinian Authority pushes forward on a statehood bid at the UN, not only is it unable to pay its own bills, but its only real revenue stream is foreign aid. Few states can claim to have failed, before they are even declared– but the PA is on its way there.

But do “Palestinian People” really need billions more in aid? The World Bank report for 2011 found that only 16 percent of the West Bank under PA control was living below the poverty line.

How serious is a 16 percent poverty rate? It’s better than the poverty rate in Washington D.C. which hit 18.9 percent. That means that politicians in Washington D.C. are diverting money that could have been used to help needy Americans a few miles from their offices, to help the comparatively better off terrorist populations in the West Bank.

Contrary to the barrage of news stories on the suffering of the Palestinians, the poverty rate for America and the West Bank aren’t that far apart. The California poverty rate is at 15.3 percent. And the national average at 14.3 percent is hardly that much better.

via The Palestinian Muslim Money Hole | FrontPage Magazine.

One comment on “Budget deficit on the West bank? No problem: just ask for more money

  1. […] Budget deficit on the West bank? No problem: just ask for more money (teaandpolitics.wordpress.com) […]

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