It's worse than that. The U.S. is now sending Egypt--an Arab dictatorship--our most advanced surface-to-air missles, presumably to use against Israel...as part of Obama's new "hardline" vs. Israel. I agree ALL aid should be cut yesterday, to both nations.
You know, I tend to think that Treaties of Alliance -- and I would include in that the Privilege of buying America's most advanced weaponry (I'm more agnostic and unconcerned about other countries buying our old "leftovers") -- should only be concluded with Nations that bring something to the table for America's benefit. Otherwise, it's just a "Defense Subsidy" for another country that's a pure Cost to us, with no Benefit.
Even if you ended all foreign aid (aka, "international welfare") tomorrow (yes, please!), we would still have to make decisions about whom we permit to buy our "kill-kill bang-bang" stuff. If ANYONE should have the right to shop the shelves for advanced US anti-aircraft weaponry, it oughtta be a country like Israel which worked jointly with the USA to develop the Arrow anti-ballistic missile!
What the sam-hill has Egypt ever done to help US develop military hardware? Or Saudi Arabia?