Printer Friendly

Your tax dollars overseas.

ITEM: Foreign aid is "likely to suffer" in President Bush's proposed budget, worried a feature on the Radio Free Europe/Radio Liberty website on February 4. The article claimed such aid has long been used successfully. Now, however, "considering its record budget deficit, expensive military campaigns in both Iraq and Afghanistan and the ongoing war against terrorism, the U.S. is looking to trim traditional foreign assistance programs."

BETWEEN THE LINES: How much foreign aid does the U.S. government provide? It is worth a brief review.

Though U.N. Secretary-General Kofi Annan called the United States (at Notre Dame in 2000) "one of the least generous" nations in the world, that is laughable. During the four decades or so after World War 11, the U.S. supplied more than a trillion dollars in bilateral aid. Washington still provides more foreign aid than any other country. (Keep in mind, however, when governments hand over other people's money, that isn't generosity--it's theft.)

President Bush, singing a different tune than in pre-election days, has pledged a 50 percent increase in ODA (Official Development Assistance) by 2006, not counting $15 billion aimed at AIDS and other diseases primarily in Africa.

Foreign aid also fuels corruption. British economist Peter Bauer often said that foreign aid represents taxing poor people in rich countries to benefit rich people in poor countries. And there's always another rat hole into which to toss money: Recent reports indicate that Washington may start aiding Muammar Qaddafi's Libyan dictatorship.
COPYRIGHT 2004 American Opinion Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Between The Lines
Author:Hoar, William P.
Publication:The New American
Geographic Code:1USA
Date:Mar 22, 2004
Words:248
Previous Article:Chinese take-out market.
Next Article:Reality isn't optional.
Topics:


Related Articles
Clinton's tax plan: royalty and R&E provisions for multinationals.
Boom in Expat Stock Options Could Make Corporate Budgets Go Bust.
WTO tells U.S. to end tax havens. (Insider Report).
Productions outside the U.S. face new rules, regulations: blame Canada ... again.
Let them eat bolivars: as a referendum looms, Venezuelan importers wonder if they'll ever see another dollar.
How today's weak dollar can help deal-making: exchange ratios are very favorable for U.S. businesses looking to buy overseas, and new tax law will...
Weighing up the party promises: as Kai Tiaki Nursing New Zealand went to press, the election on September 17 was less than six weeks away. National's...
Public/private partnerships--a pact with the devil? Residential aged care in New Zealand is a prime example of how taxpayers' dollars help fund...

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters