[Apparpsmose]

The Palestinian Authority is facing a budget crisis. It has reached its borrowing limit and has a 585 million dollar deficit. So naturally its leaders are asking the West for another handout.


Back in 2007, 7.4 billion dollars was pledged to keep the terrorist edifice of the Authority running. The PA claimed that it needed 3.9 billion for budgetary shortfalls alone. And after pissing away far more than that, the men who give the suicide bombers their marching orders are back passing around the plate.


Even as the Palestinian Authority pushes forward on a statehood bid at the UN, not only is it unable to pay its own bills, but its only real revenue stream is foreign aid. Few states can claim to have failed, before they are even declared– but the PA is on its way there.
But do “Palestinian People” really need billions more in aid? The World Bank report for 2011 found that only 16 percent of the West Bank under PA control was living below the poverty line.


How serious is a 16 percent poverty rate? It’s better than the poverty rate in Washington D.C. which hit 18.9 percent. That means that politicians in Washington D.C. are diverting money that could have been used to help needy Americans a few miles from their offices, to help the comparatively better off terrorist populations in the West Bank.


Contrary to the barrage of news stories on the suffering of the Palestinians, the poverty rate for America and the West Bank aren’t that far apart. The California poverty rate is at 15.3 percent. And the national average at 14.3 percent is hardly that much better.

If a 16 percent poverty rate requires billions in international aid– then where is Washington D.C.’s international aid. Why isn’t there a UN aid facility distributing food near Foggy Bottom? And if being a failed state with no budget discipline requires international aid, then where are California’s aid pledges?


Many of the PA’s chief donors have poverty rates in the same range. Some are even worse off. Greece’s poverty rate is at 20 percent. Spain’s is nearly as high. And 17 percent of the EU population is considered to be at risk of poverty. Even Germany’s strong economy still has a 15.5 percent poverty rate. A few percentage points away from the West Bank.


But most damningly Israel’s poverty rate is nearly 24 percent. Worse than in the Palestinian Authority. About half those numbers come from its Arab population, which unlike their cousins in the Palestinian Authority, aren’t the beneficiaries of vast amounts of aid.

http://frontpagemag.com/2011/07/08/t...im-money-hole/