John Kerry: Pakistan Needs $5 Billion Bailout

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26 Feb 2009, 1839 hrs IST, Chidanand Rajghatta, TNN
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The United States is lining up billions of dollars in new economic and military aid to Pakistan despite reports that Islamabad is <table style="margin-top: 10px; margin-right: 8px; margin-bottom: 4px;" align="left" cellpadding="0" cellspacing="0"><tbody><tr><td id="bellyad"><iframe src="http://adstil.indiatimes.com/RealMedia/ads/adstream_sx.ads/www.timesofindia.com/TOI_World/index.html/1849944767@Right3?" marginwidth="0" marginheight="0" hspace="0" vspace="0" bordercolor="#000000" scrolling="no" width="250" frameborder="1" height="250"> </iframe>
</td></tr></tbody></table> using American tax-payer money for deals with the Taliban and accounts of US arms ending up in the hands of the extremists.

Amid an ongoing review of the so-called Af-Pak policy initiated by the Obama administration, Washington, under pressure from influential Senator John [COLOR=blue ! important][COLOR=blue ! important]Kerry[/color][/color]
among other lawmakers and lobbyists, is said to be considering a one-time $ 5 billion aid to Pakistan over and above the $ 1.5 billion annual package for ten years currently under review for passage through Congress.

Releasing a report by the think-tank Atlantic Council on Wednesday, Kerry, who is also the chairman of the Senate Foreign Relations Committee and is in a position to pilot the aid package, raised the prospect of a total collapse in Pakistan if it was not helped urgently.

"If we fail, we face a truly frightening prospect: terrorist sanctuary, economic meltdown, and spiraling radicalism, all in a nation with 170 million inhabitants and a full arsenal of nuclear weapons," he said. "The stakes could not be higher, and [this] report could not be more timely."

The 27-page report calls for "a total of $4-5 billion above the (Biden)-Kerry-Lugar proposals and beyond the IMF and other loans from the US. and other sources," for Pakistan. Of this, it recommends, about $3 billion should go to the economic and social sectors directly. About $1 billion of fresh or redirected funds would go to security forces -- both [COLOR=blue ! important][COLOR=blue ! important]military[/color][/color] and law enforcement.

US government reports in recent times have detailed how Pakistan has misused billions in aid for a military build-up against India instead of using it for the intended war on terror. Audits have also detailed million of dollars in fraudulent claims by the Pakistani military. Reimbursement to Pakistan have been halted for several minths because of this but are set to resume soon after the Obama administration has given a green signal pending further audits.

More recent accounts from Pakistan have described how high end [COLOR=blue ! important][COLOR=blue ! important]US [COLOR=blue ! important]military[/color][/color][/color] equipment is ending up with extremists through arms bazaars in the country's frontier. Earlier this week, reports from Pakistan detailed $ 6 million paid through back channels to the Taliban in the latest truce in Swat with more in the pipeline.

Reports of enhanced American aid to a suspect ally at a time of economic woes in the US has caused consternation in strategic circles.

"Not only is the United States paying the Pakistani government to abdicate territory to the Taliban, we get to fund the Taliban as well," said Bill Roggio, an expert in the war on terror, questioning the Kerry-Lugar proposal aimed to tripling military aid to Pakistan.

"It's time for the US. government to ask if it is getting a good return on its investment. Considering that more than $3.8 billion of $5 billion of US. aid to Pakistan has gone unaccounted for and the Taliban is being funded by the US, perhaps the answer is no," Roggio, who runs the blog Long War Journal, added.

Kerry made no mention of any Pakistani transgression in his alarming presentation as he pushed for increased aid amid intense Pakistani lobbying in Washington. Pakistan's foreign minister Shah Mehmood Qureshi, its [COLOR=blue ! important][COLOR=blue ! important]Army[/color][/color] chief Pervez Ashraf Kiyani, and the ISI Director-General Shuja Pasha have been in intense consultations with US interlocutors this week to seek a bail-out for Islsmabad, warning that a meltdown in Pakistan can affect the neighborhood and the whole world.

Although the Atlantic Council report has several recommendations to temper Pakistan's militaristic outlook, its embrace of extremism, and the need to promote peace with [COLOR=blue ! important][COLOR=blue ! important]India[/color][/color], the proposed aid is not contingent on Islamabad living up to any benchmarks.

The report largely glosses over the Mumbai attack, in which 159 people including six Americans died, while empathizing with Islamabad for its predicament in initiating action against those who plotted the carnage.

"Pakistan must clearly do more to neutralize and control terrorist organizations operating on its soil and hence must meet some demands it believes are harsh and too biased towards Indian preferences," it says on the Mumbai attack, but adds, "Giving Pakistan leeway to do so on its own timetable may be a way out and prevent the government from being seen as doing so at India's bidding."

http://timesofindia.indiatimes.com/...ignoring-terror-links/articleshow/4196591.cms
 

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I never was a big John Kerry fan. He looks to me more like an Algebra teacher than a Senator. I can just hear him say in that monotone voice
"2X - 4 = 12. Solve for X." "Oh how is your day going Laura? Oh pretty good, except I have Mr. KERRY third period Algebra."
 

the bear is back biatches!! printing cancel....
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5 billion seems like a 5 dollar bill these days to your and I

what the hell why not

LOL
 

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Eff them. No more money to places like this until we get our shit in line.
 

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Fuck em. let them and India fight it out. The Pakis will have no time to support the Taliban.
 

I'm from the government and I'm here to help
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Pakistan asking the USA for money is like me going to GTC for a loan
 

the bear is back biatches!! printing cancel....
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dubya gave mushareef who didn't pan out too well

plenty of money to "fight terror"
 

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Could be cheap. Pakistan govt is very shaky and their internal enemies are no friend of ours plus they already have the bomb.

All you guys that were eager to rush into Iran and spend untold billions might want to think this through.
 

I'm from the government and I'm here to help
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All you guys that were eager to rush into Iran and spend untold billions might want to think this through.

i really need a translator to comprehend your musings. what the hell are you talking about "rushing into Iran"? or did you mean Iraq? or are you having a 1979 flashback and thinking we just had a discussion about chgaring in to rescue the hostages?

btw i'm fairly certain this forum would 100% agree that Pakistan is more of an ally than Iran, thus discussing giving money to Pakistan and whatever your talking about regarding Iran makes no sense
 

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No . your memory is as long as my dick. 2 or 3 days ago Willie started a nuke-em now thread on Iraq getting the bomb and all the dittoheads chimed right in.
 

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No . your memory is as long as my dick. 2 or 3 days ago Willie started a nuke-em now thread on Iraq getting the bomb and all the dittoheads chimed right in.

Classic Punter post...the Yogi Berra of the politico forum.
 

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