Tag: foreign aid
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Americans think the US spends 25% on foreign aid. It spends 1%
Ask the average American how much of the federal budget goes to foreign aid, and the answer will often be astonishing. Around one quarter. For decades, surveys have repeatedly found that Americans believe roughly 25% of the federal budget is spent helping other countries. The real number is nowhere close. Before the recent reductions in…
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What does foreign aid mean? Bribes to local politicians! And one rich man?
Billions of dollars are flowing into the hands of developing countries. And since corruption is at large up in there the hands of the local politicians will inevitably touch it without punishment. But it is a useful way for their donating country how to exert influence over their less developed counterparts. I must emphasize that…