MCViewPoint

Opinion from a Libertarian ViewPoint

US Announces $2 Billion Loan For Poland To Spend On Military

Posted by M. C. on September 26, 2023

The State Department said the US would also provide $60 million in FMF funds to cover the cost of the loan.” Say What? The real cost is unknown as US taxpayers will never that money, and likely much more to follow, again.

Polandspends more on its military than most European NATO members

Say What? So why the payoff…err…”loan”?

https://www.zerohedge.com/military/us-announces-2-billion-loan-poland-spend-military

Tyler Durden's Photo

by Tyler Durden

Tuesday, Sep 26, 2023 – 09:25 AM

Authored by Dave DeCamp via AntiWar.com,

The Biden administration on Monday announced a $2 billion loan for Poland that will go toward modernizing Warsaw’s military.

“Today, the United States is proud to announce the signing of a milestone $2 billion Foreign Military Financing (FMF) direct loan agreement to support Poland’s defense modernization,” the State Department said in a press release.

Source: KPRM

The State Department said the US would also provide $60 million in FMF funds to cover the cost of the loan. The press release described Warsaw as a “stalwart US ally” as Poland has become a major hub for arms shipments to Ukraine and spends more on its military than most European NATO members.

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