The Booty Report

News and Updates for Swashbucklers Everywhere

Avast ye! Whence doth the US shower golden coins upon those who be wishin' ill upon the West?

2023-11-03

Avast ye! Beatin' the scurvy Russian, Chinese, 'n Iranian scallywags be requirin' puttin' an end to their ill-gotten gains from sanctions loopholes, subsidies, investments, 'n other booty. Slay their economic support, mateys!

The House of Representatives is considering the White House's proposal for continued aid to Ukraine, which includes $60 billion in new aid to Kyiv, as well as additional aid to Israel and U.S. border security.
However, there is growing skepticism among lawmakers about continuing U.S. aid to Ukraine, with concerns that Americans are once again paying for Europe's security.
Congress believes that European countries should fulfill their commitments to NATO and Ukraine and share the burden of assisting Ukraine.
Lawmakers are also right to scrutinize where American taxpayer dollars are spent and ensure that assistance to Ukraine is shared by allies.
Despite concerns, it is important to provide consistent support to Ukraine's military to counter Russian aggression.
The conflict in Ukraine demonstrates that Ukrainians are willing to make sacrifices to check Russian aggression.
To defeat Russian, Iranian, and Chinese aggression, more than just military equipment sales and increased defense spending are required. The West must end economic support given to adversaries through sanctions loopholes and other aid.
China and Russia have become powerful thanks to American investment and economic support.
Congress needs to review America's direct and indirect economic support for adversaries and the effectiveness of tools for protecting Americans from their activities.
One such tool is the Committee on Foreign Investment in the United States, which needs more authority and a wider scope.
It is necessary to fully enforce existing sanctions and expand them where malign actors are concerned, and to curtail multilateral loans and trade benefits to China and Russia.
Steps need to be taken to protect American companies, real estate, and assets from being acquired by adversaries or those with links to them.
Allies must also take similar steps to contain adversaries' economies and share the burden of defending nations under attack.
By standing together, the Free World can defeat and deter its adversaries.
It is time for action in Washington and allied capitals.

Read the Original Article