US aid to Egypt $1.88B (Source: Congressional Research Service)
Egypt's entire budget $19.03B (Source: CIA factbook)
That's right we pay for 1/10 of their entire operating budget.
Yes, and that's pretty much why the Egyptian government no longer participates in attacks on Israel, and why they participate in the WOT.
As far as I can tell, it's an outright bribe, and Egypt so far is staying bought. In the Mediterranean cultural world, that makes Egypt honorable.