Tuesday, October 2, 2012

“Foreign Aid”: More Than Just $20 billion a year

Obama Increased Foreign Aid 80%; Spent 76% More on Foreign Aid Than Border Security by Terence P. Jeffrey

 (CNSNews.com) - From fiscal 2008 to fiscal 2011, according to the U.S. Treasury, the federal government increased spending on foreign aid by 80 percent and, in fiscal 2011, spent 76 percent more on foreign aid than it did securing the borders of the United States.
In fiscal 2008, the government spent a total of $11.427 billion in international assistance programs, according to the Monthly Treasury Statement. In fiscal 2011, according to the statement, it spent $20.599 billion—an increase of $9.172 billion, or 80 percent, from 2008.

Prior to President Obama taking office, international assistance spending had been trending down for three years, according to the Treasury. In fiscal 2005, it was $14.787 billion. In fiscal 2006, it dropped to $13.914 billion. In fiscal 2007, it dropped again to $12.764 billion. And, in fiscal 2008, it dropped yet again to $11.427 billion.
Since 2008, international assistance spending has increased each year. In fiscal 2009, it climbed to $14.827 billion. In fiscal 2010, it jumped to $20.038 billion. And, in fiscal 2011, it climbed again to $20.599 billion.
By the end of August, after the first eleven months of fiscal 2012, the federal government had already spent $20.058 on foreign aid in that fiscal year. That was well ahead of the $18.439 billion the federal government had spent on foreign aid through August of last year.  The Treasury has not yet published the final amount that was spent on foreign aid in fiscal 2012, which ended on Sunday.
While foreign aid spending has climbed over the past four years, spending on border security peaked in fiscal 2009 and has since declined. In fiscal 2008, the federal government spent $9.984 billion on customs and border protection, according to the Monthly Treasury Statement. In fiscal 2009, that increased to $12.122 billion. But, in fiscal 2010, that dropped to $11.376 billion. In fiscal 2011, it increased slightly to $11.698 billion—still less than the $12.122 billion spent on customs and border protection in fiscal 2009.
Through August of fiscal 2012, spending on customs and border protection was $11.259 billion, ahead of the $10.656 billion on customs and border protection spent through August of fiscal 2011.
The $20.599 billion spent on foreign aid last year was 76 percent more than the $11.698 billion spent on customs and border protection.
Included, among other things, in the $20.599 billion spent on foreign aid last year, according to the Treasury, was $5.717 billion for the Economic Support Fund, $5.322 billion for the Foreign Military Financing Program, $3.177 in multilateral assistance, $4.248 billion for the Agency for International Development (including $1.210 billion in operating expenses for AID), $395 million for the Peace Corps and $125 million for international monetary programs.
The foreign military sales program, which Treasury includes in its accounting of international assistance programs, took in $23.947 billion in fiscal 2011 and paid out $23.947 billion. Thus it had no impact on the net outflow of aid from the United States to foreign interests.
Below in billions of dollars is the annual spending on international assistance and customs and border protection over the past nine fiscal years. (The figures for fiscal 2012 include only the first eleven months of the fiscal year.)

..........................................Foreign Aid...Customs & Border

FY 2012 (first 11 months)..........$20.058          $11.259

FY 2011.....................................$20.599          $11.698

FY 2010.....................................$20.038          $11.376

FY 2009 ....................................$14.827          $12.122

FY 2008 ....................................$11.427          $9.984

FY 2007 ....................................$12.764          $7.948

FY 2006 ....................................$13.914          $7.069

FY 2005 ....................................$14.787          $6.278

FY 2004 ....................................$13.788          $6.660

Source: (CNSNews.com) October 2, 2012 Subscribe to Terence P. Jeffrey's posts

Comments:
$20 billion a year is just the beginning. Most of our $600 billion a year “Defense” spending is military foreign aid and nation building or subsidizing. Obama pledged $100 billion to the IMF.  The Federal Reserve has given foreign banks several trillion dollars over the past few years.  We gave away our manufacturing years ago and therefore have no economy. We’ve increased legal immigration to 1.5 million a year to ensure our high unemployment.
We are also spending our extra trillion a year on U.N. Agenda 21 implementation based on their global warming hoax.  Most of this spending is to build transit villages our survivors can live in and buying or seizing our land to eliminate our private property rights.  In addition, Obama is issuing executive orders and agreeing to U.N. “Treaties” aimed at and giving the U.N. our oceans and coastlines. They want our water.  The U.N. also wants to levy taxes on U.S. citizens’ income, sales tax, financial transaction tax, oil and gas extraction tax.  The U.N. has decided that they own the world, for our own good, and can’t wait to get the money. Obama and the International “Banksters” will make sure they succeed.  U.S. fishing and food production have gone the way of tree harvesting, mineral mining and our Constitutional rights. And, al-Qaeda lights all of our forest fires.
Norb Leahy,  Dunwoody GA Tea Party Leader

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