ODESSA – Fire, floods, droughts, hurricanes, tornadoes…
U.S. Rep. Emanuel Cleaver II said the money to cover the cost of disaster recovery, including last year’s drought and this year’s flood in Ray County, comes from the same source as fighting wars – more borrowing, including from China, which is engaged in a trade war with the United States.
“I hear people say all the time, ‘Well, we’re paying money to go fight the war in Iraq.’ That is not true. China is paying money for us to fight in Iraq,” he said. “They are major lenders and it’s not a good thing.”
The Congressional Budget Office last week reported the U.S. deficit will add about $1 trillion.
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