Sen. Coburn: US Borrowing Money from China — for China
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Hemera/Thinkstock(WASHINGTON) — More is coming out about Sen. Tom Coburn’s report on what he terms frivolous or unnecessary projects that cost taxpayers $6.5 billion last year.
One of the most outrageous examples of waste cited by the Oklahoma Republican is the $17.8 million the U.S. sent to China for economic development and social services. The kicker is that the funds the U.S. used is money that the government borrowed from China.
Coburn said that he only gave 100 egregious examples of waste, but that he could have listed a thousand.
Among them: millions of taxpayer dollars were spent on producing a version of Sesame Street for Pakistan, and about a hundred grand that went towards studying why chimps toss their feces.
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