The case for ending all "Foreign Aid"
Feb 14, 2020 07:21:36 #
Here's the "Quick Take"
School textbooks tend to make foreign aid look like a simple process, but as with anything the government runs, foreign aid has its obligatory share of red tape. Fergus Hodgson of Econ Americas noted that “Little of the development funds trickle down to the target communities,” in explaining why countries like Ethiopia and Haiti remain backwards. More importantly, Hodgson provided an unpleasant depiction of where foreign aid money generally goes:
[A confiscatory portion goes to the pockets of federal bureaucrats and U.S. contractors, and another sizable chunk goes to urban, middle-class, or affluent partners in recipient countries. Further, one-fifth of U.S. aid goes through local governments, which tend to be corrupt and incompetent.]
[Foreign aid is taking money from the poor people of a rich country and giving it to the rich people of a poor country.]
Consider Haiti and Ukraine as two prime examples of how US Politicians, their relatives and business partners, etc., used "Foreign Aid" to line their own pockets and that of the crony leaders of those corrupt countries. Hopefully, the dirty little secrets of greed and corruption in these two examples will finally see the light of day. Whether the MSM is allowed to bury the issue is another story.
School textbooks tend to make foreign aid look like a simple process, but as with anything the government runs, foreign aid has its obligatory share of red tape. Fergus Hodgson of Econ Americas noted that “Little of the development funds trickle down to the target communities,” in explaining why countries like Ethiopia and Haiti remain backwards. More importantly, Hodgson provided an unpleasant depiction of where foreign aid money generally goes:
[A confiscatory portion goes to the pockets of federal bureaucrats and U.S. contractors, and another sizable chunk goes to urban, middle-class, or affluent partners in recipient countries. Further, one-fifth of U.S. aid goes through local governments, which tend to be corrupt and incompetent.]
[Foreign aid is taking money from the poor people of a rich country and giving it to the rich people of a poor country.]
Consider Haiti and Ukraine as two prime examples of how US Politicians, their relatives and business partners, etc., used "Foreign Aid" to line their own pockets and that of the crony leaders of those corrupt countries. Hopefully, the dirty little secrets of greed and corruption in these two examples will finally see the light of day. Whether the MSM is allowed to bury the issue is another story.
Feb 14, 2020 09:46:08 #
[quote=ACP45]Here's the "Quick Take"
School textbooks tend to make foreign aid look like a simple process, but as with anything the government runs, foreign aid has its obligatory share of red tape. Fergus Hodgson of Econ Americas noted that “Little of the development funds trickle down to the target communities,” in explaining why countries like Ethiopia and Haiti remain backwards. More importantly, Hodgson provided an unpleasant depiction of where foreign aid money generally goes:
[A confiscatory portion goes to the pockets of federal bureaucrats and U.S. contractors, and another sizable chunk goes to urban, middle-class, or affluent partners in recipient countries. Further, one-fifth of U.S. aid goes through local governments, which tend to be corrupt and incompetent.]
[Foreign aid is taking money from the poor people of a rich country and giving it to the rich people of a poor country.]
Consider Haiti and Ukraine as two prime examples of how US Politicians, their relatives and business partners, etc., used "Foreign Aid" to line their own pockets and that of the crony leaders of those corrupt countries. Hopefully, the dirty little secrets of greed and corruption in these two examples will finally see the light of day. Whether the MSM is allowed to bury the issue is another story.[/quote
When was the last time our 'friends' sent us aid during one of our disasters?
School textbooks tend to make foreign aid look like a simple process, but as with anything the government runs, foreign aid has its obligatory share of red tape. Fergus Hodgson of Econ Americas noted that “Little of the development funds trickle down to the target communities,” in explaining why countries like Ethiopia and Haiti remain backwards. More importantly, Hodgson provided an unpleasant depiction of where foreign aid money generally goes:
[A confiscatory portion goes to the pockets of federal bureaucrats and U.S. contractors, and another sizable chunk goes to urban, middle-class, or affluent partners in recipient countries. Further, one-fifth of U.S. aid goes through local governments, which tend to be corrupt and incompetent.]
[Foreign aid is taking money from the poor people of a rich country and giving it to the rich people of a poor country.]
Consider Haiti and Ukraine as two prime examples of how US Politicians, their relatives and business partners, etc., used "Foreign Aid" to line their own pockets and that of the crony leaders of those corrupt countries. Hopefully, the dirty little secrets of greed and corruption in these two examples will finally see the light of day. Whether the MSM is allowed to bury the issue is another story.[/quote
When was the last time our 'friends' sent us aid during one of our disasters?
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