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Bush's foreign aid "competition". (Insider Report).
On November 25th, the Bush administration unveiled a blueprint for its "Millennium Challenge Account," an ambitious proposal to administer a new $5 billion foreign aid fund. "Under the plan, a new federal corporation will be set up to administer the aid, and decisions will be made by a Cabinet-level panel that will dole out the money much the way colleges assign scholarships," reported the November 26th New York Times. To qualify for the aid, "countries must demonstrate that they are curbing corruption, spending more on education and following free market economic principles."
The problem with this program should be obvious: Any regime either giving or receiving "foreign aid" (transfers from taxpayers in one country to ruling elites in ...
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Source: HighBeam Research, Bush's foreign aid "competition". (Insider Report).