BOO and YAH! Townhall Media Announces the One and ONLY Larry O’Connor As...
Cynical Publius 'Fixes' Brian Tyler Cohen's Virginia Dem Utopia Post With Savagely SPOT-ON...
Set Phasers to HA HA HA! William Shatner Teams UP with Stephen Miller...
OWNED! Former Reaganite KT McFarland Kindly Schools TF Out of Keith Olbermann After...
Word Warrior: Scott Jennings Scoffs at Cameron Kasky’s Language Limiting Edict on Saying...
CNN Anchor Wants Us to Focus on the Real Victims of Sunday’s MN...
Dem Podcaster Jennifer Welch Wants Her Team to Go After Jesse Watters and...
Upping the Rhetoric: Eric Holder Calls Trump a Dictator Clinging to Power With...
Co-Founder of Church Stormed by Don Lemon BODIES the Democrats
Jill Filipovic Appalled by Photo of ICE ‘Marching Half-Naked Elderly People Out Into...
MN Could End ICE Raids Tomorrow: Just Stop Harboring Criminal Illegals and Cooperate...
St. Paul Hotels Cancel Reservations Due to ‘Heightened Security Concerns’
Anti-ICE Activist Who Terrorized Kids in Church Is a Sitting Saint Paul School...
MN AG Ellison: Storming Churches ... Just 'Public Voice' – Because Laws Are...
Citizen Journalist Tries to Enroll His One-Year-Old in Somali Daycare; Threats Are Made

The BEST News We've Read Today! The U.N. Is Set to Run Out of Cash 'Within Months'

ImgFlip

This writer is going to have to stop at the store and get a bottle of champagne, because if the United Nations goes bankrupt, she is going to celebrate with a glass (or several) of bubbly.

Advertisement

The Economist is reporting the U.N. is running out of cash. Within months.

More from The Economist:

On May 5th the UN will brief members on a previously unreported $600m (17%) cut to its $3.7bn budget aimed at avoiding default this year. It will include a hiring freeze while officials consider further savings that a Western diplomat describes as “moving jobs from New York to Nairobi”. Yet it may not be enough. A combination of deadbeat members and mad budget rules have led to a liquidity crisis. Now, a leaked White House memo proposing that America stop paying its mandatory contributions threatens a financial crash in the citadel of peace and security.

Last year the UN had a $200m cash shortfall, despite spending only 90% of its planned budget. This year will be much worse. Internal modelling suggests that the year-end cash deficit will, without cuts, probably blow out to $1.1bn, leaving the UN without money to pay salaries and suppliers by September. Most UN funding, such as for bodies providing humanitarian food or shelter, is voluntary, but the core functions are paid for through mandatory dues, linked to the size of members’ economies. These core functions include General Assembly meetings, peacekeeping and human-rights monitoring. In a letter seen by The Economist that Mr Guterres sent to members in February, he warned that the peacekeeping budget to pay for troops may run dry by mid-year.

Advertisement

Just amazing.

The Trump administration cuts of USAID funding and the U.N. -- one of the most corrupt, tyrannical governing bodies on the planet -- has gone broke.

It's a giant money laundering scheme.

Exactly.

The math ain't mathing, is it?

They sure would. That's some prime Manhattan real estate.

Advertisement

And China contributes 5%. So where's the rest of that money going if 27% of the budget tanks the U.N.?

So did we.

We should throw a party when the U.N. goes belly up.

There is no downside here.

Heh.

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement