via
Fox News.
The United States
is providing hundreds of millions of dollars of foreign aid to
countries that it borrows billions from, according to a report by
Congress's research arm.
The Congressional Research Services released
a report last month, a copy of which Fox News exclusively obtained,
showing that in fiscal year 2010, the latest year that data was
available, the U.S. handed out a total of $1.4 billion to 16 foreign
countries that held at least $10 billion in Treasury securities,
including China ($27.2 million), Brazil ($25 million), Russia ($71.5 million), India ($126.6 million), Mexico ($316.7 million) and Egypt ($255.7 million).
I'm cynical. I think that this is a story designed to protect all foreign aid by attempting to highlight the aid that we're giving to countries that don't need it.
This will be a hot button subject for this political season. Cuts are coming...to defense, entitlements etc...but foreign aid has to be part of that mix too.
And in my mind that includes the aid given to nations through the dubious Partnership Exercises.
UPDATE:
Wow. I took down this post initially because I knew that the liberal readers of my blog just wouldn't be able to take it. Having read this story from
DefenseNews, I can see that I was spot on.
Here's a tidbit...
In the final continuing resolution for 2011, the department's
Economic Support Fund (ESF) lost close to $2 billion from its budget
request. The fund provides money to countries around the world to help
them overcome short- and long-term political, economic and security
problems.
"That is a huge cut when you're talking about the
relatively small ESF account, and it has impacts on countries around the
world and it's forcing us to make very hard choices about where to
invest our dollars and where to cut," Sullivan said.
The cuts also
come as the State Department is trying to increase its operational
capability so that it can better partner with the military services in
the field, he said.
To stave off further reductions, the State
Department is making its case to Congress that it needs every possible
dollar requested.
"We have to show them that we are finding ways to increase efficiency and deliver more effectively," Sullivan said.
But
the case needs to be made beyond Capitol Hill, he said. Recent polls
show that Americans support cuts to foreign aid, but they also
dramatically overestimate its portion of the federal budget.