Monday, February 12, 2024

Foreign Aid

In my opinion, our government should not be borrowing money to give to foreign countries (including China and Russia) when we have a $34+ trillion dollar national debt. The interest alone will be our government's second largest expense in 2024. Sadly, there appears to be no accounting for where the money goes; I suspect a lot of it winds up in the hands of corrupt officials. It's like we have become the "sugar daddy" for the rest of the world.

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What triggered this post was former President Donald Trump saying that "all foreign aid should be issued as loans from this point forward, rather than giveaways". What a great common sense approach to reducing our debt! Unfortunately, because the idea came from Trump, the current administration will never consider it.

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