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U.S. to Invest $5.8 Billion in Central America

posted by Fnord666 on Friday December 21 2018, @10:55PM   Printer-friendly
from the that's-a-lot-if-plantains dept.

takyon writes:

U.S., Supporting Mexico's Plan, Will Invest $5.8 Billion in Central America

The United States, joining an effort by Mexico, will commit to investing billions in Central America in hopes of ending the poverty, violence and drug-trafficking that are driving thousands of people in the region to undertake the difficult trek to the United States, the State Department announced on Tuesday.

Mexico's new president, Andrés Manuel López Obrador, introduced what he called a "Marshall Plan" last week to address the root causes of Central American migration: a $30 billion initiative to invest in the region and welcome migrants into Mexico with visas, health care and employment.

On Tuesday, the Trump administration signaled its support for the plan, saying it was committing $5.8 billion in private and public investments in Guatemala, Honduras and El Salvador. Much of that amount, however, was previously committed or contingent on the identification of "commercially viable projects."

Also at The Washington Post and The Hill.

Original Submission

 
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  • (Score: 5, Insightful) by seeprime on Friday December 21 2018, @11:08PM (11 children)

    by seeprime (5580) on Friday December 21 2018, @11:08PM (#777353)

    The US is giving money away that could have been put towards a better VA hospital system. I find financing much of the rest of the world to be a terrible use of our resources, as was spending trillions invading Middle Eastern Countries. That move created a vicious cycle that props up the bottom line of the US Military-Industrial complex that Eisenhower saw was developing strength and warned us about in 1959. Now, it's out of hand.

    Starting Score:    1  point
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  • (Score: -1, Troll) by Anonymous Coward on Friday December 21 2018, @11:48PM

    by Anonymous Coward on Friday December 21 2018, @11:48PM (#777365)

    Maybe one day we'll try capitalism instead of socialism.

  • (Score: 0) by Anonymous Coward on Friday December 21 2018, @11:53PM (4 children)

    by Anonymous Coward on Friday December 21 2018, @11:53PM (#777366)

    That move created a vicious cycle that props up the bottom line of the US Military-Industrial complex that Eisenhower saw was developing strength and warned us about in 1959. Now, it's out of hand.

    Looks like Trump is trying to lay hands on it.

  • (Score: -1, Redundant) by Anonymous Coward on Saturday December 22 2018, @01:19AM (1 child)

    by Anonymous Coward on Saturday December 22 2018, @01:19AM (#777394)

    Maybe one day we'll try capitalism instead of socialism.

    • (Score: 5, Insightful) by Anonymous Coward on Saturday December 22 2018, @01:38AM

      by Anonymous Coward on Saturday December 22 2018, @01:38AM (#777399)

      first you must try education

  • (Score: 4, Insightful) by JoeMerchant on Saturday December 22 2018, @02:17AM (1 child)

    by JoeMerchant (3937) on Saturday December 22 2018, @02:17AM (#777408)

    Everybody has pet projects, that's why we have 535 voting congress critters.

    Instead of going on about a preferred project that could use this money, either defend the project independently, or attack this one independently. Drawing 1 to 1 comparisons in a sea of millions of projects is not an effective argument with the people who actually make the decisions, even if it does play well to the locals.

    --
    🌻🌻 [google.com]

    • (Score: 0) by Anonymous Coward on Saturday December 22 2018, @10:29AM

      by Anonymous Coward on Saturday December 22 2018, @10:29AM (#777485)

      Why does the US have to provide welfare to people in other countries?
      Because they threaten to invade the US?

  • (Score: 2, Insightful) by khallow on Saturday December 22 2018, @05:00AM

    by khallow (3766) Subscriber Badge on Saturday December 22 2018, @05:00AM (#777442) Journal

    The US is giving money away that could have been put towards a better VA hospital system.

    To be fair, it was more likely to to used for a worse VA hospital system. If the US were efficiently spending money in the first place, we wouldn't be so concerned about foreign aid.

    I find financing much of the rest of the world to be a terrible use of our resources, as was spending trillions invading Middle Eastern Countries.

    But using at least an order of magnitude less resources means it is less of a waste.