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The Obama Sponsored Bill He Wants To Keep Low Key And Away From Scrutinizing Public

The one bill that Obama has sponsored that should give MOST Americans pause is this one:

S. 2433: Global Poverty Act of 2007

A bill to require the President to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide, between 1990 and 2015, who live on less than $1 per day.
http://www.govtrack.us/congress/bill.xpd?bill=s110-2433

S. 2433: Global Poverty Act of 2007

Bill Status
Introduced: Dec 7, 2007

Sponsor: Sen. Barack Obama [D-IL]

Status: Scheduled for Debate

http://www.govtrack.us/congress/billtext.xpd?bill=s110-2433

Some info on this bill:

Conservatives Place Hold on Obama’s Global Poverty Bill
By Pete Winn
CNSNews.com Senior Staff Writer
February 25, 2008

(CNSNews.com) - Two conservative members of the U.S. Senate have anonymously placed a hold on Sen. Barack Obama’s (D-Ill.) global poverty bill, Cybercast News Service has learned.

The effort is an attempt to slow down the progress of a bill (S. 2433) that conservative analysts say could eventually force the U.S. to increase its foreign aid by hundreds of billions of dollars.

The legislation had been languishing in the Senate, but Foreign Relations Committee Chairman Joe Biden (D-Del.) placed it on a fast-track in recent weeks as Obama’s presidential campaign started heating up.

The Illinois Democrat praised Biden and the committee’s ranking Republican, Indiana Sen. Richard Lugar, for “moving so quickly.” Obama is the chief Senate sponsor of the bill.

“For years, America has committed to improving the lives of the world’s poorest people,” Obama said in a statement.

“In 2000, the U.S. joined more than 180 countries at the United Nations Millennium Summit and vowed to reduce global poverty by 2015. We are halfway towards this deadline, and it is time the United States makes it a priority of our foreign policy to meet this goal and help those who are struggling day to day,” he added.

But conservatives say the legislation also pledges the U.S. government to make available “additional overall United States assistance levels as appropriate.”

Ian Vasquez, director of the Center for Global Liberty and Prosperity at the libertarian Cato Institute, said that plan is troubling because the U.N. has been after the U.S. for years to substantially increase the amount of foreign aid it gives to impoverished nations.

“There has been a push for the past several years, which is a political push, to double the size of aid going to the poorest countries, despite the fact that most of the academic literature and the experience shows that foreign aid is not a key to economic development,” Vasquez told Cybercast News Service.

The U.S. currently contributes about $15 billion a year, which is around 0.3 percent of the total federal budget. To reach the U.N.’s benchmark, some U.N. economists have called on the U.S. to increase its contributions by $65 billion a year.

Kincaid estimates the so-called “Monterey Consensus” could wind-up costing U.S. taxpayers a whopping $845 billion or more by 2015, if the U.S. is forced to up its aid to meet the 0.07 standard.

The only way to get the kind of money, he theorizes, is through some kind of global tax - something that the U.N. has been trying to impose on nations for years.

“The bill doesn’t specifically mention a global tax,” Kincaid said. “No one is suggesting that Sen. Obama has officially called for the imposition of a global tax. But the inevitable result of passing this bill would be to bring on or to encourage a global tax - no question about it.”

http://www.cnsnews.com/ViewPolitics.asp?Page=/Politics/archive/2 00802/POL20080225a.html

So how does this work into Obama’s Economic Plan for America?

We have economic problems, loss of jobs HERE in America. Shouldn’t Obama be more worried about our economy before worrying about the Global Economy?

Why doesn’t Obama BRAG about this bill he SPONSORED in the Senate?

COUNTRY BEFORE PARTY!

 

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