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Overnight Open Thread

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Cato the Elder9/18/2009 8:53:37 am PDT

re: #817 JamesTKirk

Because all of the gazillions in foreign aid that we’ve already given out have done so much good. How much of it merely ends up in some dic(tator)’s Swiss bank account?

Right. Here comes the debunking of another myth.

How much aid do we give as a percentage of our budget? Most Americans guess it’s about a fourth of the total. We “feed the world”. We “support them lazy furriners”. We “pour money down ratholes”.

The real number? Less than one percent. Less than 0.2%, in fact. Norway and Denmark? Four times the percentage.

Yeah, that’s still quite a lot, what we do. But the ber-generous Uncle Sam does not exist.