U.N. hopes for an Obama win; it's the ‘spread the wealth’ thing
Monday, October 27, 2008 at 10:06AM
A Washington Post story published Sunday declared, ‘At the U.N., many hope for an Obama win.’ I assume they are filled with hope for change like so many others who support Sen. Barack Obama. But jaded soul that I am, I also know money talks and the U.N. loves money. One bill Obama managed to sponsor is S. 2433: The Global Poverty Act. If Democrats win all the spoils at the ballot box in November, the act will more than likely get the legs it hasn’t found yet. That act will commit no less than 7 percent of a country’s gross domestic product to the UN for the purpose of reducing by one-half the number of people worldwide who live on less than $1 a day with a target date for completion by 2015. James Pethokoukis wrote at US News and World Report: “What this bill would do, in short, is commit the United States to the U.N. declared goal that industrialized countries should spend 0.7 percent a year of their gross domestic product on foreign aid. Over the next decade or so, that would work out to around $850 billion.”

