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Foreign aid folly. (Insider Report).

The New American

| December 30, 2002 | COPYRIGHT 2002 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The U.S. Constitution does not authorize the practice of "foreign aid" -- extracting money from U.S. taxpayers to subsidize foreign governments. In effect, this pernicious practice amounts to taxation without representation, since the foreign rulers to whom the aid is given are not accountable to the taxpayers from whom it is taken.

By far the largest beneficiary of U.S. foreign aid is the socialist government of Israel, with the equally socialist government of Egypt coming in at second place. In a presentation on Middle East policy commissioned by the U.S. Army War College, economist Thomas Stauffer estimated that since 1973 -- the year of the most recent full-scale Arab-Israeli war -- aid to Israel has cost the U.S. about $1.6 trillion, or about $5,700 per American. This amounts to more than twice the cost of the Vietnam War.

The December 9th Christian Science Monitor points out that ...

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