End All Foreign Aid
In 2008, the United States gave an estimated 26 billion dollars in foreign aid to other countries. For free… Yup, the U.S. government continues giving away your hard earned tax dollars.
Keep in mind that the United States owes approximately 11 trillion dollars. While 26 billion dollars is not enough money to make a significant dent in the U.S. National Debt, it is a good start. Shouldn't the U.S. pay off their debts before giving money away?
It is common sense to spend money that you have, instead of borrowing and spending money that you do not have. It makes less economic sense to continue borrowing more money each year; while at the same time, giving some of the borrowed money to others for free.
I fully understand that the U.S. is helping other countries with foreign aid, but is it not better to help yourself first? Furthermore, who is going to help the United States in the future, when needed? No one will.
In addition, the United States is running the world's largest trade deficit as well as a huge budget deficit. This is increasing the U.S. National Debt even more. Furthermore, some states are also running large budget deficits too. Therefore, the U.S. can no longer afford helping other countries, let alone afford current expenditures.
Basically, the United States of America is becoming bankrupt, if the U.S. is not already bankrupt. We should stop giving foreign aid.
In an ideal world, the U.S. should re-direct foreign aid to pay down their National Debt. However, the best that the U.S. can do right now is stop giving foreign aid to decrease the amount of money the U.S. is borrowing each year.
Only through small steps can the United States return to true conservative fiscal responsibility that can eventually bring back a sound and stable economy.
by Phil for Humanity