Archive of UserLand's first discussion group, started October 5, 1998.

Re: Cheney?

Author:Gulliver Foyle
Posted:9/26/2000; 2:15:46 PM
Topic:Cheney?
Msg #:21743 (In response to 21740)
Prev/Next:21742 / 21744

How big do you think the foreign aid budget is? I'd suggest doing some research to find out. The size of the foreign aid budget is something most people are prone to vastly overestimating (and your list of priorities below suggests you have fallen into this trap.)

Approximately $15 billion as explicit foreign aid. Billions more as military aid refocused as economic aid. Not counting debt forgiveness for past military purchases, etc. A disproportionate share is consumed propping up the socialist governments of Israel and Egypt.

Also, I'd like to you respond to the following argument "Drastically reducing the foreign aid budget is penny-wise, but pound-foolish. Foreign aid is an investment in the future of the rest of the world that pays dividends in greater future stability and more profitable opportunities for future trade.

Ask the former Soviet Union what their foreign aid bought for them.

Rudyard Kipling - "A History of England"


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