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U.S. Government Lends $105M
to Brazil—to Build Aquarium

Cybercast News Service, by Terence P. Jeffrey

Original Article

Posted By:JoniTx, 12/7/2012 5:39:11 PM

The U.S. Export-Import Bank, an agency of the federal government, is lending $105 million to the Brazilian state of Ceara to help build an aquarium in its capital city of Fortaleza. “An anticipated tourist attraction, the aquarium will boast four floors housing 25 large tanks containing approximately 15 million liters of water and showcasing 500 marine species and 35,000 individual specimens,” the Export-Import Bank said in a press release. “The aquarium will also feature interactive exhibits, two 4D cinemas, one 3D cinema, and an educational platform

  

Post Reply  

Reply 1 - Posted by: Charactercounts, 12/7/2012 5:40:41 PM     (No. 9054299)

It is time to stop the US Government gravy train for other countries. We can´t afford it, and they don´t appreciate it.


Reply 2 - Posted by: veritas, 12/7/2012 5:51:21 PM     (No. 9054314)

I suppose there´s no longer any point to the "Just when you think they can´t..."?


   

 

  


 
Reply 3 - Posted by: Coy860, 12/7/2012 5:59:53 PM     (No. 9054321)

As I said on another thread, the Obama administration is addicted to spending our money. Who cares if we don´t have any!


Reply 4 - Posted by: John c, 12/7/2012 6:30:55 PM     (No. 9054347)

46 cents borrowed for every dollar we spend. I think China should worry that we can´t repay them. Why should we care./s


Reply 5 - Posted by: srhcb, 12/7/2012 6:52:51 PM     (No. 9054365)

Very little of the 46% is borrowed from China.

Most is borrowed from US!

Backed by IOU´s from US!


Reply 6 - Posted by: Coy860, 12/7/2012 7:09:13 PM     (No. 9054377)

By the way, the FDIC only has reserves to cover about 22 cents of every dollar on deposit in US banks.


Reply 7 - Posted by: JoElla Bee, 12/7/2012 7:09:24 PM     (No. 9054378)

#3, of course, every indication of the little personal information we can glean from Preezy´s past is that spending other people´s money is a way of life for him.

What a nice, relaxing, short getaway for the family, too. The girls could be among the first to see the new Brazilian tourist attraction and Dad could play a few rounds of golf at Costa do Sauipe. /s


   

 

  


 
Reply 8 - Posted by: uno, 12/7/2012 7:12:08 PM     (No. 9054384)

It doesn´t matter who we borrowed the money from. When you´re as deep in the hole as we are you´ve got to be stark raving nuts or hell-bent on destroying the country to keep lending what you don´t have!


Reply 9 - Posted by: TexasAllTheWay, 12/7/2012 7:24:36 PM     (No. 9054408)

I feel SO lucky, we had our first baby in 1964, were broke, couldn´t afford a crib (much less a baby), had only a used couch in the living room and were as happy as could be. Amazing what you can do without when you have to!

But what happened to our kids? They have to have everything, at any cost!! Sad...


Reply 10 - Posted by: beca, 12/7/2012 7:27:40 PM     (No. 9054410)

this whole govt is just too freaking dumb to ever get anything right


Reply 11 - Posted by: retiree, 12/7/2012 7:28:36 PM     (No. 9054411)

Lending money Obama borrowed from China?
Goes with the 3 billion he gave them to drill for oil so they can sell it back to us.


Reply 12 - Posted by: whyyeseyec, 12/7/2012 7:35:52 PM     (No. 9054420)

Why? Was Brazil about to go over the Aquarium Cliff?


   

 



 
Reply 13 - Posted by: sgtfox of the jarhead clan, 12/7/2012 7:40:54 PM     (No. 9054425)

Why not ? It´s only money and we are flush with newly minted billions. It would be a shame to waste all that paper and ink.


Reply 14 - Posted by: Momma Walton, 12/7/2012 7:42:54 PM     (No. 9054427)

Do we need to go to the Supreme Court to stop Obama from giving away our present/future?

Does not congress have to approve expenditures or is a president allowed to act as Obama is doing? If not so, then we need to change it because Obama has made America insolvent and it will take a miracle to be the nation we were 4 years ago.

Bush did not do this!

Bush is not responsible for the excessive spending Obama has done and needs to be held accountable.

Where is the media?

Where is the outcry of the country?

How much can we endure and still be a country.

If Obama continues as he is, the stock market will crash and we will have lost all we thought would one day be our safeguard as we retired and thought we would be able to live a life of moderate income. No more. Thanks to Obama and his cronies.

Pray for America!

Again, only Jesus can save US!

As our medium of exchange "still" says: In God We Trust! Let that be our anthem cry forward! Amen


Reply 15 - Posted by: earlybird, 12/7/2012 7:43:05 PM     (No. 9054428)

This loan was a done deal in early October.

http://thebusinesstimes.com/grand-junction-firm-to-proceed-on-brazilian-aquarium-project/

Is Reynolds a big Obama supporter?


Reply 16 - Posted by: CaptainLibra, 12/7/2012 8:17:38 PM     (No. 9054451)

And the Pubs in the House supposedly control the Federal budget? They have no more spine than the Dims and Obama. Zip up the purse strings you faux fiscal conservatives.


Reply 17 - Posted by: earlybird, 12/7/2012 8:31:56 PM     (No. 9054458)

With this "investment", it appears we are easing the way for one American company. It´s a little murky, but that is what I deduced after a quick read.

Somewhere we´ll find a connection between that company, its CEO and the Obama reelection campaign.


   

 

  


 
Reply 18 - Posted by: ColonialAmerican1623, 12/7/2012 10:23:55 PM     (No. 9054556)

Budget cuts and the fiscal cliff only apply to US taxpayers and national issues. Any dollars that cross the border don´t count.


Reply 19 - Posted by: Ida Lil, 12/7/2012 11:53:32 PM     (No. 9054666)

Don´t worry if you raised your kids right they will quickly learn how to live broke. We actually raised 5 on 13,000 a year and they were all given the education we didn´t miss. We Didn´t get the higher wages until later. At the time anyone in science or engineering was not paid as much as teachers who were paid with our taxes.



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