Our Debt Problem

Maybe a lot of you do not understand our national debt problem in Lebanon. You hear the Majority today blaming the opposition, Syria and Hezbollah for this problem. I just like to clarify the facts here, nothing else.

Our debt problem started after the civil war ended. The Harriri government embarked on a debt adventure – even though Mr Harriri himself had been in the top 10 richest people in the world, valued at somewhere between 9 and $13.5 billion. His Finance minister had been – surprise surprise – Mr Fouad Seniora.

Let me explain the basics before I go on to the details. There are actually a few things. First, when a country borrows money, where and who does it take the money from? Countries normally borrow money from either banks or other countries, but there is only one source where money could be taken out of – a bank! You can’t borrow money from a country and expect them to ship it to you through the mail.

Human Value

Apparently, it seems that George Bush values Israelis more than their neighbours – the Palestinians. It seems, one creature is worth more than the other. This may be old news to you, but for those still ignorant of this reality: “When Bush visited occupied Palestine he dispatched a representative to meet with the families of the captured Israeli soldiers in Palestine and Lebanon. He was only interested in those three soldiers. However those who have families, wives and children…those more than 11 thousand Arab prisoners in Israeli jails who are held under harsh circumstances…they are of no value to Bush“