UN says United States owes 1.2 billion dollars

[I AM NOT THAT GUY 5,715]

The United Nations is owed 4.1 billion dollars by member nations with the United States accounting for more than a quarter of the figure, a top UN official said Thursday.

The global economic crisis has caused the new financial troubles at the world body, Under Secretary General for Management Angela Kane told reporters.

"It has been a difficult year in many ways for many member states because of the economic recession," she said. "They have to tighten their belts."

Kane said the United States was the biggest non-payer, while Chile, Iran, Mexico, Venezuela accounted for nine percent of the arrears between them and another 68 countries made up three percent of the missing money.

Only 13 countries out of the 192 UN members have paid all contributions to all the different UN functions, Kane explained. Some 119 have paid their share of the UN's regular annual budget however.

The UN peacekeeping operation was short of 3.2 billion dollars in contributions and the regular budget was down 787 million dollars. UN courts and a fund to pay for the renovation of the UN headquarters in New York was also short of contributions.

The UN money shortfall has risen to 4.1 billion dollars from 2.24 billion at the end of 2009, she said.

According to Kane, the United States total arrears of 1.2 billion included 691 million dollars to the regular budget and 431 million dollars to the giant peacekeeping division.

Susan Rice, the US ambassador, said that since President Barack Obama came to office in January, 2009, the United States has "paid our dues in full and on time. We continue to do so. We have also paid substantial prior arrears."

But she said there are differences with the United States over past debts. "These are so-called contested arrears which have been a subject of difference since the 1990s and before.

"They must be counting contested arrears if it gets to a figure which gets close to anything like that," she said of the 1.2 billion dollar claim.

Kane named the countries who have paid all their dues as Australia, Azerbaijan, Democratic Republic of Congo, Canada, Denmark, Germany, Lichtenstein, Monaco, Netherlands, Singapore, South Africa, Switzerland and Tanzania.

http://www.breitbart.com/article.php?id=CNG.bd6bd0d86d63f1a0e61b464e310712d2.921&show_article=1

Edited October 15, 2010 by ##########

[Azzudiin 26]

Whats new? USA owes everyone and their brother and we keep borrowing more money. Pretty soon our debt will be bigger then our GNP.

All Empires must fall, the USA will fall because of it massive debt.

[Obama 2012 1,714]

Whats new? USA owes everyone and their brother and we keep borrowing more money. Pretty soon our debt will be bigger then our GNP.

All Empires must fall, the USA will fall because of it massive debt.

the majority of which is owed to the Federal Reserve.

In all seriousness though, screw the UN. It's a big joke these days anyway...

[Azzudiin 26]

the majority of which is owed to the Federal Reserve.

In all seriousness though, screw the UN. It's a big joke these days anyway...

You do realize that China and Japan hold almost 50% of our debt? They call in our debt we are bankrupt.

[Obama 2012 1,714]

You do realize that China and Japan hold almost 50% of our debt? They call in our debt we are bankrupt.

We owe China some money, yes. Not nearly the amount we owe the Federal Reserve.

The US has been in debt (and growing debt) to the Fed since World War 2...

Where do you think your tax dollars really go? They don't go to all those pretty government cheese programs, they go to pay the interest on the debt we owe to the Fed.

[mawilson 2,133]

You do realize that China and Japan hold almost 50% of our debt? They call in our debt we are bankrupt.

No, we're not. We'll just print more money and devalue the currency.

[^_^ 5,021]

You do realize that China and Japan hold almost 50% of our debt? They call in our debt we are bankrupt.

They have our paper because they see us a safe place to keep their money. They call in their debt and put there money where?

Russia?

France?

China?

Get real.

[I AM NOT THAT GUY 5,715]

They have our paper because they see us a safe place to keep their money. They call in their debt and put there money where?

Russia?

France?

China?

Get real.

New Zealand and Australia both have good paper.

[luckytxn 2,265]

Tell them to come and try to collect.

[mawilson 2,133]

New Zealand and Australia both have good paper.

Australia doesn't need to borrow money from China.

[spookyturtle 9,466]

Australia doesn't need to borrow money from China.

True, they're practically a colony now.

[Ban Hammer 13,508]

True, they're practically a colony now.

[spookyturtle 9,466]

:devil:

[scandal 951]

the countries who have paid all their dues as Australia, Azerbaijan, Democratic Republic of Congo, Canada, Denmark, Germany, Lichtenstein, Monaco, Netherlands, Singapore, South Africa, Switzerland and Tanzania.

Suck ups.

[simpson_121919 0]

Whats new? USA owes everyone and their brother and we keep borrowing more money. Pretty soon our debt will be bigger then our GNP.

All Empires must fall, the USA will fall because of it massive debt.

Do you feel better now that you got that off your chest?