US Funding to Rich Countries That We Borrow From - $1.4 billion in 2010 -- cut gov't spending (Congress, Israel)

[DRob4JC]

There should be no problem cutting the funding of prosperous countries.

U.S. gives billions of dollars in foreign aid to world's richest countries - then asks to borrow it back

The Congressional Research Service released the report last month which shows that in 2010 the U.S. handed out a total of $1.4bn to 16 foreign countries that held at least $10bn in Treasury securities.

Four countries in the world's top 10 richest received foreign aid last year with China receiving $27.2m, India $126.6m, Brazil $25m, and Russia $71.5m.

Mexico also received $316.7m and Egypt $255.7m.

And yet despite the massive outgoings in foreign aid, the receiving countries hold trillions of dollars in U.S. Treasury bonds.

...
'If countries can afford to buy our debt, perhaps they can afford to fund assistance programs on their own.

At the same time, when we borrow from countries we are supposedly helping to develop, we put off hard budget choices here at home.'

[OnlyCurious]

What about Israel, don't they get a bit of money as well?

anyway..with all the riches that India has and the aid they receive, I'm curious as to why about 900M of their 1 B people live in poverty, and flood other nations and take their jobs. They ought to be able to take care of their own instead by now. And dish out some birth control whilst they're at it.

[DRob4JC]

Originally Posted by OnlyCurious

What about Israel, don't they get a bit of money as well?

anyway..with all the riches that India has and the aid they receive, I'm curious as to why about 900M of their 1 B people live in poverty, and flood other nations and take their jobs. They ought to be able to take care of their own instead by now. And dish out some birth control whilst they're at it.

Of course we give Israel money.

This was focused on countries that don't need the money. Again - talking about needless spending, so these countries should be the first to be removed from the payroll.