A look at the countries getting loans shows that they’re not all America’s biggest fans: They include Venezuela, Cuba, Russia, and China
We Give Foreigners Taxpayer Money to Import Stuff from America. What?
Is there anything the U.S. government doesn’t take taxpayer dollars to do?
Here’s a lesser-known function of your hard-earned money: providing backing for people in other countries to buy things from America.
Come again? Yes, that’s right. Let’s say Air China wants to purchase some Boeing jets. To encourage that purchase, America’s Export-Import Bank could loan Air China the money. If Air China were to default on the loan, U.S. taxpayers would be left on the hook.
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Heritage Foundation Amy Payne -- Bio and
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
