The Obama administration said that it’s in the vital interest of the United States that the debt be paid down, so that’s what they’re taking action to do.
What? No, not our debt… Egypt’s:
The Obama administration has decided to provide about $1 billion in debt relief for Egypt, a senior official said Saturday, in the boldest U.S. effort yet to shore up a key Middle East ally as it attempts a democratic transition.
Hey, why not — now that we’ve got our own financial house in order, we might as well help somebody else, right? Oh, wait…