Why does America continue to pay foreign aid to countries and borrow to pay our own bills.
The richest nation in the World is on the tipping point of Bankruptcy. We are in trouble now, more than ever before.
The Democrats have done themselves in as well as the ability of the United States to continue to pay it's own bills. The Democrats believed it was their turn at the open check book that the taxpayers had given the last 10 administrations.
Apparently we the people are just the funders for the check book.
My question is why have we continued to spend BILLIONS of dollars in Foreign Aid, when we as a nation need foreign aid given to us?
According to the government’s user-friendly Web site, www.foreignassistance.gov, Uncle Sam doles out “more than $58 billion a year in foreign assistance through more than 20 agencies.” More than half of that, roughly $37 billion, is managed by the State Department and USAID.
You may be surprised to learn that most countries outside of Western Europe, Canada and Australia get foreign aid from the U.S. This year the requested amount for Russia was $68.7 million. For China, it’s $12.9 million. A whopping $647.7 million has been allocated for Nigeria. Even $20 million is set aside for communist Cuba. Again, these figures are the requested amounts for 2011–Congress is still trying to figure out how much to spend during the current fiscal year–and they only include aid to be managed by State and USAID. They don’t include money that finds its way into these countries through U.S. regional foreign assistance offices or offices that deal with specific issues like health or agriculture.
Where does the money come from? Taxpayers, of course.
OBAMA said he would double Foreign Aid to 50 Billion by 2012.... He has accomplished that promise.
Double U.S. Spending on Foreign Aid to $50 Billion a Year by 2012. Barack
Obama would target this new spending towards strategic goals, including helping the
world’s weakest states to build democratic institutions, foster healthy and educated
communities, reduce poverty and generate wealth. Obama also will ask our allies to
contribute more support for diplomatic efforts, multilateral peacekeeping and efforts
to rebuild societies ravaged by conflict.
*PDF from 2008 Obama for President..
We are in an emergency situation because President Obama and team used 837 Billion dollars in stimulus that didn't work... There were no shovel ready projects, and what we did was lose ore jobs , more homes lost because of foreclosure, and more of the "It's our turn 'Mind set...
Stop Foreign Aid until we are a sound prosperous economy again.
America can not afford the madness any longer.