Cliff Kincaid once again claims, in a Sept. 28 Accuracy in Media article, that the Barack Obama-sponsored Global Poverty Act “cost an estimated $845 billion” — a claim we’ve debunked every time Kincaid makes it. The bill has no funding mechanism, doesn’t commit the U.S. to a targeted level of spending, and doesn’t give the United Nations the power to impose a tax on the U.S.
Nevertheless, Kincaid went on to claim: “Commentators such as Andrew C. McCarthy have pointed out that Obama’s Global Poverty Act (S. 2433) would cost even more than the $700 billion that is being proposed as part of a socialist takeover of the U.S. financial sector.”
But the McCarthy article to which Kincaid links — a Sept. 19 piece at National Review — offers no evidence of it either. In fact, McCarthy does nothing but repeat Kincaid’s own false claims about it:
The GPA is a monstrosity. Thanks to Obama’s praetorian guards in the mainstream media, it is a better kept secret than most covert intelligence programs. But Accuracy in Media’s Cliff Kincaid has been digging (see here). If the GPA became law, the United States would be required to fork up for foreign aid 0.7 percent of its gross national product through 2015. That is, Obama would skyrocket U.S. largesse from its current annual level of about $21 billion (the world’s most generous) to — you’ll want to be sitting down for this — $85 billion per year.
It’s logrolling in our time — Kincaid cites McCarthy, who cites Kincaid.
Kincaid also complains about something called the Jubilee Act, a debt-forgiveness bill to which Obama has signed on as a co-sponsor, because it “would cancel the debts of 26 foreign countries even while the U.S. suffers through its own financial crisis and Americans are losing their homes and savings.”