Wednesday, November 10, 2010
By Fred Lucas
UN Security Council, UNSC
(CNSNews.com) – Cutting “voluntary” funding from the United Nations would trim $300 million off the federal deficit by 2015, according to a draft report from the president’s National Commission on Fiscal Responsibility and Reform.
“According to the Office of Management and Budget, the United States provided over $6.3 billion in taxpayer funds to the United Nations in FY2009. Less than half ($2.7 billion) of that total went to ‘assessed’ dues -- payments that the United States is charged for being a member and for its share of peacekeeping operations around the world,” the draft report says.
“The United States is by far the largest donor to the United Nations in terms of assessed dues,” the draft continued. “However, the United States gives the United Nations more than $3.5 billion in ‘voluntary’ funds each year. This option allows the United States to remain a member in good standing of the United Nations by contributing the full dues that will be assessed, but reduces voluntary payments by 10 percent, which will save $300 million per year.”
President Barack Obama established the commission earlier this year to address the escalating national debt that has reached $13.6 trillion and a federal deficit that now stands at $140.4 billion.
The 18-member commission includes members appointed by the president and members from each party in the House and Senate leadership. A final report, due on Dec. 1, must have the approval of 14 out of 18 members.