Trouble At Turtle Bay
The numbers for the U.N.'s new renovation project just don't add up.
1:10 PM, May 16, 2005 • By JOHN HINDERAKER
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American taxpayers have a legitimate interest in knowing the answers to these questions. The renovation is to be financed by a low-interest, 30-year, $1.2 billion loan from the U.S. government. (Kofi Annan's original request for an interest-free loan was turned down.) And, of course, the loan will then be repaid largely by American taxpayers, who foot a little over 20 percent of the U.N.'s bills.
A few congressmen and senators have finally begun to ask whether the U.N. building project is a boondoggle. It's about time.
John Hinderaker is a contributor to the blog Power Line and a contributing writer to The Daily Standard.
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