This was a neat thing I found in the review of the USAid Budget this weekend.
The Government has its’ own corporation that links up businesses with U.S. overseas interests and it is administered under the oversight of the U.S. State Department through USAid.
It is the Overseas Private Investment Corporation (OPIC) and it describes itself as being…”established as an agency of the U.S. government in 1971. OPIC helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.”
Additionally…”The initiative is the culmination of OPIC consultations with interested stakeholders, including members of Congress and the nongovernmental community.”
This SELF-SUSTAINING CORPORATION is only costing U.S. taxpayer’s $76,500,000.00 this fiscal year.
Typical government efficiency.
Keep your eyes open and see where you tax dollars are really going. I am sure this is what the framers of the Constitution has in mind for the government “of the people, for the people and by the people”.
What is shocking to me is that we are letting this happen right under our noses!
