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This post was edited by sansukong at 2013-7-1 15:47|
Sunday, June 30, 2013
Obama Pledges Billions to Boost Africa's Infrastructure
"Obama's 100 million dollar trip to Africa is controversial enough, as the U.S. taxpayer has been further burdened during worsening economic conditions at home. To add insult to injury, Obama has pledged a minimum of $7 billion dollars to boost access to electricity across parts of Africa. As highlighted in the video below, "Power Africa" will add better capacity to 20 million homes and commercial entities in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania over the next 5 years. Naturally this is being couched in presumed economic benefits for America, as summarized by CNN: “The trip aims to bolster U.S. investment opportunities, address development issues such as food security and health, and promote democracy.” Obama also couldn't resist adding a note about the environment and climate change"
"Meanwhile at home, as noted by Daisy Luther, one "large western US power company recently announced that they did not foresee the ability to keep up with electrical demand this summer, and may institute rolling blackouts to cope with it." The general weakness of the U.S. electric grid costs the U.S. economy an estimated 80 billion dollars a year.
Beyond this, the state of American infrastructure in general is dismal and is heading toward third world status. States are on the verge of bankruptcy, cities are going dark, asphalt roads are returning to the stone age, and nationwide budget cuts are leaving students without teachers, supplies, or a full-time education. Here are 21 Facts About America's Decaying Infrastructure That Will Blow Your Mind and 40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe.