via Gunny G ~ America Sends $200 Billion Abroad Every Year: the Case Against Foreign Aid National Economics Editorial ^ | January 18, 2017 | Spencer P Morrison Posted on 1/18/2018, 2:26:23 PM by Thalean According to the US Agency for International Development (USAID), America spent $468 billion on foreign aid over the last decade (years 2007-2016). This averages out to $46.8 billion annually (obviously).

Posted: January 18, 2018 in Uncategorized

viaAmerica Sends $200 Billion Abroad Every Year: the Case Against Foreign Aid
National Economics Editorial ^ | January 18, 2017 | Spencer P Morrison

Posted on 1/18/2018, 2:26:23 PM by Thalean

According to the US Agency for International Development (USAID), America spent $468 billion on foreign aid over the last decade (years 2007-2016). This averages out to $46.8 billion annually (obviously).

The figure includes both economic and military funding, but does not include America’s contribution to the United Nations and its affiliate organizations—which costs America an additional $8 billion annually—nor does it include direct military assistance in the form of permanent US garrisons. Including these costs would bring the total to just over $2 trillion (more on that soon).

This is a lot of wasted money, but thankfully things are changing.

Since President Trump’s inauguration, US foreign aid payments have decreased significantly: in 2017 America spent $22 billion on economic aid, compared to $34 billion in 2016—a one-third reduction.

The cost of military foreign aid has not yet been calculated, but even if it’s identical to last year’s expenditures (it certainly won’t be higher), it will only bring the 2017 total up to $37 billion—far less than the $49 billion spent by Obama in 2016. This is welcome news.

(Excerpt) Read more at nationaleconomicseditorial.com

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