Haitians save USA’s AAA bond rating

Haitians save USA’s AAA bond rating

A report released today makes the case that Haitians who are based in the USA are responsible for the country’s high savings rate, high consumption rate and sudden reversal in the budget deficit. After US$100 billion billion in US Aid was spent on building the world’s deepest well and the world’s largest classroom on the earthquake-struck island, it is claimed that several billion dollars returned to the US.

Utilising remittance channels created for financial flows in the opposite direction – from the US to Haiti – Haitians living on the island felt that they should support their American-based counterparts now that they had a very deep well and a very, very large – albeit teacherless – classroom.

One Haitian man, who works for a INGO called Save Haitians In Texas, commented that “we have development now, but in the US they still get water from the taps and have only small classrooms. They helped us before, now its our turn to help them.”

However much of the money sent to the US appears to end up in the hands of those Haitians who claim high consultancy fees or who spend the cash on conference rooms, with such venues accounting for 12% of US GDP growth this year. White land cruisers and report publishing accounted fro 4% and 7% respectively.

Responding to criticism that Haitian aid to the US does not meet its beneficiaries, the Haitians Mobilisation Momentum Movement (Hmmm), an umbrella organisation, stated that ” We have just held a conference on this very matter, and we concluded that why give them fish when we can teach them to fish? Know what I mean? This is capacity building. Americans need to learn how to build big schools and deep wells.”

In separate developments, Chinese ministers today announced their intentions to buy New York and Washington, raising hopes for further stabilisation of the budget. The cities would be renamed Old World and Hasbeen.

Between 2010 and 2014, Americans watched the demise of Haiti’s governmental structures, but at the same time witnessed the resilience of the Haitian people. This “laboratory” of social evolution forged a new understanding of how that process takes place, what the strengths of a society are at each stage, and how a better understanding of this process helps ALL countries improve themselves.

Despite sporadic violence and criminality immediately following the January 2010 earthquake, the Haitian people relied on the traditions of their culture and created new lives for themselves. Their resilience in the face of catastrophe challenged notions in the industrialized world that people in poor countries are “lazy” or “stupid.” The extended presence of these capable and resilient Haitians on web pages, Twitter tweets, and news networks invited Americans to see the disaster situation from the Haitian point of view.

As a result, starting in 2015, aid efforts shifted their focus from imposing American institutions for governance and business to working with individual Haitian communities to help them move up Maslow’s pyramid one need at a time. While this shift suggested that a much longer process would be required, progress could be seen at a community level over much shorter periods.

With its success working with Haiti and the understanding that Americans themselves gained in the process, by 2018 the U.S. had made explicit what had always been an undercurrent in American values – the desire to achieve social justice and equity throughout the world. These values had emerged in other prominent places during the 2010’s – namely the U.S. healthcare reform debate and efforts to tackle climate change and alleviate global poverty.

Working with financial institutions and other industrialized countries, in 2020 the U.S. redefined “creditworthiness” to include a commitment to global equity, sustainability, and social justice. The thinking was, how can someone be “creditworthy” if they are willing to tolerate violence, social injustice, or environmental degradation on a massive scale?

Given its success in Haiti and its commitment to achieving greater successes in the future, the U.S. is seen as a worthy member of the international community and given a AAA rating. While the rating overlooks some of the fiscal challenges that the U.S. continues to face, it is widely felt that it captures the factors that are most crucial to long-term success.