How the castro regime will screw the U.S. taxpayer
Under current U.S. policy, Cuba must pay cash up-front for all U.S. goods it purchases (and it purchased more than $600 million last year despite the "embargo").
If the embargo is removed then the following will become very relevant:
The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank's mission is to assist in financing the export of U.S. goods and services to international markets.
Ex-Im Bank enables U.S. companies — large and small — to turn export opportunities into real sales that help to maintain and create U.S. jobs and contribute to a stronger national economy.
Ex-Im Bank does not compete with private sector lenders but provides export financing products that fill gaps in trade financing. We assume credit and country risks that the private sector is unable or unwilling to accept. We also help to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters.
Ex-Im Bank provides working capital guarantees (pre-export financing); export credit insurance; and loan guarantees and direct loans (buyer financing). No transaction is too large or too small. On average, 85% of our transactions directly benefit U.S. small businesses.
With more than 70 years of experience, Ex-Im Bank has supported more than $400 billion of U.S. exports, primarily to developing markets worldwide.
Translation: The U.S. government will finance the castro regime's post embargo spending spree.
Any guesses on how much taxpayer money will end up paying deadbeat castro's bills before anyone notices?
H/T: Luis Gonzalez