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Foreign Aid


primetime

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In today's paper I read the US gave $28 billion in foreign aid in 2008 to more than 150 countries. Did we miss giving anyone a free lunch? This excludes funds related to the Iraq and Afganastan wars. The top receiver was Isreal ($2.4 billion) mostly to buy weapons. This number will rise to $3 billion per year for 10 years. The second winner was Egypt ($1.7 billion, including $1.3 billion for weapons). The third winner was Pakistan ($800 million) followed by Jordan ($700 million), Kenya ($600 million), and South Africa (600 million).

Imagine this with US debt at $10 trillion and now the problem with the economy.

It is time to cut these free loaders off. Ok, maybe a little for countries with starving people.

I wonder how China measures up and how big their free lunch is.

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In today's paper I read the US gave $28 billion in foreign aid in 2008 to more than 150 countries. Did we miss giving anyone a free lunch? This excludes funds related to the Iraq and Afganastan wars. The top receiver was Isreal ($2.4 billion) mostly to buy weapons. This number will rise to $3 billion per year for 10 years. The second winner was Egypt ($1.7 billion, including $1.3 billion for weapons). The third winner was Pakistan ($800 million) followed by Jordan ($700 million), Kenya ($600 million), and South Africa (600 million).

Imagine this with US debt at $10 trillion and now the problem with the economy.

It is time to cut these free loaders off. Ok, maybe a little for countries with starving people.

I wonder how China measures up and how big their free lunch is.

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What is the percentage of annual budget is that $28 billion in foreign aid? This is the most pertainent figure.

If your worried about saving some dosh you may wish to look at the military appropriations as a better place to start.

It is suggested by most NGO aid agencies that wealthy countries allocate .7% of the annual budget on untied foreign aid. I seem to recall the USA being about .2 to .3% last time I read but maybe someone can correct me.

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