About 80 million Egyptians are paying 40% of their income, on average, for food. Meanwhile, the new Islamist government wants to buy $1 billion worth of German-made submarines. But it has no money. Where can it get the money?
Why from you and me! So, the Obama Administration is putting together an aid package. It will forgive $1 billion in debts that Egypt owes.
I mean, who can oppose debt relief?
Then Egypt can afford to buy U-boats, assuming it gets $1 billion in aid from oil-rich Arab nations, which it expects to do.
President Barack Obama’s deputies are negotiating a $1 billion aid package with Egypt’s new Islamist government, even as Egypt’s cash-strapped military revealed that it is trying to buy $1 billion worth of German submarines that could threaten Israel’s fast-growing offshore energy projects.
I was disappointed when no Egyptian official was invited to deliver a speech at last week’s Democrat National Convention, thanking President Obama for the money.
The State Department has refused to comment. This seems prudent. After all, what is there to say?
The state of Israel has bought six German subs. The Islamists do not want to fall too far behind. They want to narrow the U-boat gap.
The Egyptian U-boats will be used to defend the pyramids from a potential Israeli attack.