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U.S. Treasury Department Guarantees Debt Issued by the Jordanian Government

November 1, 2013
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Source: Michael Krieger
 

 

 

In a bizarre announcement yesterday, the U.S. Treasury Department boasted that the government of Jordan had closed on a $1.25 issuance of sovereign debt guaranteed by the U.S. government. While I am not sure how common it is for our nation to guarantee these types of issuances (comments would be appreciated), the announcement represents a gigantic slap in the face on multiple levels.

From the U.S. Treasury Department’s press release:

This guarantee marks the conclusion of a process that President Obama set in motion in March 2013 when he visited Jordan.  During his visit, President Obama noted that a U.S. guarantee, “can help deliver the results that Jordanians deserve… to see their schools better, their roads improved, healthcare, clean water all enhanced, the training that I know a lot of Jordanians seek, particularly young people, to get a job or to turn entrepreneurial skills into a business that creates even more jobs.”  That vision was further affirmed by the signing of a loan guarantee agreement in Amman on August 14, 2013.

Did you catch that? The Treasury Department expressed its preoccupation with Jordanian healthcare on the same day it is revealed that the top hospitals in America will not accept Obamacare.

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