Skip to comments.Foreign aid has become 'real money'($20+ Billion)
Posted on 10/04/2012 10:08:48 AM PDT by Perseverando
Exclusive: Joseph Farah compares billions given away to what's spent on border security
It may be an apocryphal quote attributed to the late Sen. Everett Dirksen: A billion here, a billion there, and pretty soon youre talking real money.
Theres really no credible citation one can find that suggests he actually ever said those famous words though I swear I can still hear him saying them when I was a child.
Those words were reverberating in my mind again this week as it was revealed that Barack Obama has increased spending on foreign aid by 80 percent through last year.
Transferring U.S. taxpayer dollars to foreign countries has always been a pet peeve for many Americans, but the actual money spent has never been that great until now.
To put it in perspective, the U.S. government now transfers 76 percent more money overseas than it spends securing the borders of the U.S.
In fiscal 2008, the government spent a total of $11.427 billion in international assistance programs. In fiscal 2011, it spent $20.599 billion an increase of $9.172 billion, or 80 percent, from 2008. A billion here, a billion there
In fact, before Barack Obama took office, the trend on foreign aid spending was downward for at least three years. In fiscal 2005, it was $14.787 billion. In fiscal 2006, it dropped to $13.914 billion. In fiscal 2007, it dropped again to $12.764 billion. And, in fiscal 2008, it dropped yet again to $11.427 billion.
But since 2008, international assistance spending has increased every year. In 2009, it climbed to $14.827 billion. In 2010, it jumped to $20.038 billion. In 2011, it hit $20.599 billion.
But you aint seen nothing yet, because by the end of
(Excerpt) Read more at wnd.com ...
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