Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

WE SHOULD KNOW WHOM WE OWE: Disclose Saudi Loans to US

By   Follow Me on Twitter     Message Robert Weiner       (Page 1 of 2 pages)     Permalink    (# of views)   1 comment

Related Topic(s): ; ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com

Author 13208
Become a Fan
  (5 fans)
- Advertisement -

THE SOUTH FLORIDA SUN SENTINEL
February 3, 2011

 

WE SHOULD KNOW WHOM WE OWE:

Disclose Saudi Loans to US

- Advertisement -

 

By Robert Weiner and James Lewis

 

- Advertisement -

In his State of the Union, President Obama made U.S. debt reduction a priority. If America wants to pay back her debt, we need to know who our creditors are.

 

The White House just held meetings with China's Hu Jintao where U.S. debt to them (now $896 billion) and our economic relationship were top issues. The Treasury Department discloses what we owe China, Japan ($877 billion), Britain ($512 billion), Brazil ($184 billion), and most countries but refuses to disclose how much we owe Saudi Arabia and other oil nations.

 

With gas prices threatening $4 a gallon, this is something Florida's 14 million drivers, especially seniors on fixed income, as well as the tourism industry, care about.

 

- Advertisement -

Oil countries including Saudi Arabia, Iran, Libya, and Venezuela, hold a fifth ($210 billion) of U.S. debt. OPEC, the Saudi-ruled cartel, manipulates oil and gasoline prices. They are taking what we pay at the pump and loaning it back to us.

 

In response to our inquires about how much we owe the Saudis, Treasury spokespersons and staff would only provide a formal non-statement: "Treasury has been reporting this data in the same way for many years.   The Treasury Department General Counsel is reviewing how this information is disclosed to the public." Basically, continuing a policy from Bush-Cheney, you can wait for Godot before we'll tell you.

Next Page  1  |  2

 

- Advertisement -

View Ratings | Rate It

opednews.com

Robert Weiner, NATIONAL PUBLIC AFFAIRS AND ISSUES STRATEGIST Bob Weiner, a national issues and public affairs strategist, has been spokesman for and directed the public affairs offices of White House Drug Czar and Four Star General Barry (more...)
 

Robert Weiner Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Related Topic(s): ; ; ; ; , Add Tags
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Why Do Conservatives Vote Against Their Own Interest?

Jeb Bush's Elephant in the Room: Role in Bush v. Gore Recount

Mueller's End Game: Maybe As Soon As Trump Wants, But Not How He'd Like

Food Stamp Myth Busting

Iran: Nuclear Weapons or Peaceful Energy?

Bad money vs. bad money -- how Denver ballot measure could be blueprint for getting money out of politics