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The Bottom Line on Foreign Aid
Tuesday, July 26, 2011 10:22 AM

One thing I can say I haven't done, at least to my memory, is loan money to someone who hates me.  I mean, really doesn't like me, goes against everything I stand for, vehemently opposes me, etc., etc., etc.

Not the United States. In fact , I'm pretty sure we give money to ANYBODY and EVERYBODY, even when we don't have it to spend. The two groups I want to specifically speak about are our opponents and our creditors.

That doesn't sound like two groups we should be giving money to, does it? But how wrong you would be. Let's look at the UN.

We make it a habit to give money in aid to countries who vote AGAINST us the majority of the time. That means that they are fundamentally opposed to what we stand for at the UN table:

Of the 10 top recipients of aid in fiscal year 2010, only one voted the same way as did the U.S. more than 50 percent of the time. That country was Israel, whose voting matched that of the U.S. 91.8 percent of the time…

So what about the rest?

The other nine FY 2010 top aid recipients, listed in order of their voting coincidence with the U.S., were Mexico (37.5 percent), Afghanistan (34.3 percent), South Africa (33.8 percent), Jordan (33.8 percent), Nigeria (33.3 percent), Ethiopia (32.8 percent), Kenya (31.7 percent), Egypt (31.4 percent) and Pakistan (21.3 percent).

Interesting, isn't it? We are giving money to foreign countries who vote AGAINST us some 70% of the time! That would be mean they pretty much are on the opposition of the majority of votes that are cast involving the US!

We are not talking about small issues either. The State Department reported on what issues they are voting against us on, and of the issues deemed "priority votes" here's what was voted on:

The 2010 report included 15 such priority votes, relating to the embargo on Cuba, the Israeli-Palestinian conflict, nuclear and missile proliferation, the death penalty, the Durban racism process, “religious defamation” and human rights abuses in North Korea, Iran and Burma.

Those are not small issues!

Now, as if that wasn't bad enough, we do another act of giving away our money that  just baffles me: WE GIVE MONEY TO PEOPLE WE BORROW FROM.

And I'm not just talking about creditors and paying back our debt. I mean, we give FOREIGN AID to people we borrow money from:

The Congressional Research Service released the report last month which shows that in 2010 the U.S. handed out a total of $1.4bn to 16 foreign countries that held at least $10bn in Treasury securities.

Four countries in the world's top 10 richest received foreign aid last year with China receiving $27.2m, India $126.6m, Brazil $25m, and Russia $71.5m. Mexico also received $316.7m and Egypt $255.7m.

There's Mexico on the list again. You might ask when the other shoe will drop, well, here it comes:

China is the largest holder with $1.1trillion as of March, according to the Treasury Department. Brazil held $193.5bn, Russia $127.8bn, India $39.8bn, Mexico $28.1bn and Egypt had $15.3bn.

We are giving AID to countries we are BORROWING money from!

The Bottom Line is this: We need to cut foreign aid to countries who fundamentally opposed everything we do and everything we stand for. You don't want to help us? Fine, then give us our money back. Also, if we have it to give, we don't need to borrow it. Stop shuffling money around these other countries, and pay our own bills.

Email: thebottomline@afr.net

Twitter: @afrbottomline

Facebook: https://www.facebook.com/pages/The-Bottom-Line/142757039102624 

http://www.dailymail.co.uk/news/article-1393960/US-gives-billions-foreign-aid-worlds-richest-countries-asks-borrow-back.html 

http://www.cnsnews.com/news/article/nations-benefit-most-us-foreign-aid-often 

 

 

 

 

 

 

 

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