Tracking Your Taxes: Sending Billions in Aid to Despots and Wealthy Nations
Tracking Your Taxes: Sending Billions in Aid to Despots and Wealthy Nations - Political News - FOXNews.com
The U.S. is expected to spend about $36.7 billion on its foreign aid budget next year, but large chunks of that money will be going to countries whose leaders openly vilify the U.S. -- and to others that are already rolling in dough.
Americans went broke last year filling up their tanks thanks to high gas prices leveraged by OPEC, the Organization of Petroleum Exporting Countries. Yet this year, the State Department budget provides millions to oil-rich kingdoms relishing huge profits, like Saudi Arabia, Oman, Bahrain and the United Arab Emirates.
Ever-increasing spending on aid strikes some foreign policy experts as unwise -- and a monumental waste of money.
"We still cannot point to any relationship between foreign aid and growth, between foreign aid and the right kinds of policies or institutions that create prosperity," said Ian Vasquez, director of the Center for Global Liberty and Prosperity at the Cato Institute.
And here we have it folks one of the reaqson I and many other have been calling for Decades for are so-called Foreign Aid should be cut in half or more. Time to spend that money on us you know the Tax Payers.