America spent $46 billion on foreign aid last year. That’s more than any other country by far. Taxpayers deserve to know where that money is going and what it’s doing. They will be shocked to find that much of it goes to fund anti-American countries and causes. As president, I’ll put a stop to this fiasco.
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For every dollar the United States spends on the military, it spends another nickel on foreign aid, international development aid, and humanitarian assistance. Yet in a CNN poll in March 2011, the typical respondent estimated about 10 percent of the entire federal budget goes for “aid to foreign countries for international development and humanitarian assistance.” The reality: about 1 percent. That’s another problem with budgeting: the public makes woefully wrong assumptions about virtually every aspect of it.
That's where all the foreign aid (which might be defined as a transfer from poor people in rich countries to rich people in poor countries) went as well. The U.S. government still squanders about $20 billion a year this way, and European governments spend proportionally even more; it's all gone straight down a giant rathole.
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Consider our development aid record. Last year, the nations of the world spent over $1 trillion on armaments. But we contributed less than 10 per cent of that amount — a mere $80 billion — as official development assistance to the developing parts of the world, where 850 million people suffer from hunger.
How much money has been spent on the War on Terror? If these billions had been spent on basic education, on food, then we would love the Americans. The Americans are not getting benefit from Iraq or Afghanistan. Hatred will not bring you any positive results — hatred from Afghanis, hatred from Iraqis, hatred from Pakistanis.
We’ve spent $400 billion between Iraq and Afghanistan. That amounts to a couple of billion dollars a week. I stood on the floor of Congress begging, trying to get just one billion to fight HIV and AIDS, to be able to fund all the outreach programs. But we’re at a time when very smart people have been allowing this dumb-ass President of the United States <nowiki>[</nowiki>George W. Bush] to do as he pleases.
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The $38 billion in aid to Israel is money we cannot afford going to a wealthy and powerful country that needs no assistance to maintain its status.
Last week’s announcement of a record-breaking US aid package for Israel underscores how dangerously foolish and out-of-touch is our interventionist foreign policy. Over the next ten years, the US taxpayer will be forced to give Israel some $38 billion dollars in military aid. It is money we cannot afford going to a country that needs no assistance to maintain its status as the most powerful military in the Middle East.
Most rich nations use their foreign aid budget mainly to employ their own people and to sell their own goods, with poverty reduction as an afterthought. The 25 percent that is spent in Bangladesh usually goes straight to a tiny elite of local suppliers, contractors, consultants, and experts. Much of this money is used by these elites to buy foreign-made consumer goods, which is of no help to our country’s economy or workforce.
The United States has always been the most generous nation on Earth. And I don't expect the United States to back down now, because it's going to be a lot cheaper to come in and do it right and prevent a lot of migration and a lot of destabilization and, in fact, a lot of deaths from hunger. People are dying now, about every five seconds a child dies from hunger... when it comes to food aid and stabilizing nations and preventing famine, it's remarkable to watch the Republicans and the Democrats come together, lay aside their differences and literally do what they can. And it's been quite a miracle to see. We went from about 1.9 billion when I arrived 3.5 years ago to now about almost four billion dollars from the United States. And so whether you talk about Bush, Obama or Trump and I know Biden will- we will have the support we need from Republicans and Democrats to help the needy people around the world. But this is a one time extraordinary crisis. And we're going to... have to ask the billionaires to step up in a way they've never done before.
Part of this challenge involves dramatically changing global spending priorities, which are so grotesquely skewed. It is estimated that only 10% of development aid goes towards meeting primary human needs (education, health care, clean water, and sanitation). This amount represents less than what the industrialized world spends on athletic shoes each year. It would take six billion dollars a year, for three years, in addition to what is already spent, to put every child in the world in school. Does this seem like a lot? It represents less than 1% of world military spending.
They're starting to, as we gain the remainder, the final remainder of the caliphate of the area, they'll be going to our base in Iraq, and ultimately some will be coming home. But we're going to be there and we're going to be staying--
We have to protect Israel. We have to protect other things that we have. But we're- yeah, they'll be coming back in a matter of time. Look, we're protecting the world. We're spending more money than anybody's ever spent in history, by a lot. We spent, over the last five years, close to 50 billion dollars a year in Afghanistan. That's more than most countries spend for everything including education, medical, and everything else, other than a few countries.
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