Posted on 09/25/2010 8:30:24 PM PDT by Mr. Mojo
BEIJING – China spent tens of billions of dollars on a dazzling 2008 Olympics. It has sent astronauts into space. It recently became the world's second largest economy. Yet it gets more than $2.5 billion a year in foreign government aid - and taxpayers and lawmakers in donor countries are increasingly asking why.
With the global economic slowdown crimping government budgets, many countries are finding such generosity politically and economically untenable. China says it's still a developing country in need of aid, while some critics argue that the money should go to poorer countries in Africa and elsewhere.
(Excerpt) Read more at news.yahoo.com ...
How much aid do we get?
Billion$ ain’t squat in a world of Trillion$
The money needs to stay here.
Bump.
They own a big chunk of our debt. I’d say cut the aid and pay the debt. In fact, I would call for a review of all foreign aid and restore only what is truly necessary.
Today’s aid adds up to $1.2 billion a year from Japan, followed by Germany at about half that amount, then France and Britain.
The U.S. gave $65 million in 2008
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