When we're in the hole $12 trillion, why not throw away a few billion more

The United States extended a $100 billion carrot to the rest of world Thursday, when Secretary of State Hillary Clinton told reporters in Copenhagen the United States is willing to commit up to $10 billion a year by 2012, and would support a global fund of $100 billion a year to help developing nations deal with climate change, provided the nations here are willing live up to the 'transparency' demanded by the U.S.

Clinton said the money was "conditional." Clinton's words were directed at China, which has refused to meet the monitoring and verification requirements requested by the U.S. when it comes to promises of carbon reductions.

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