Source: How Much
Countries Scaled to the Economic Aid Received From the US
December 31, 2015 12:00pm by Barry Ritholtz
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We are giving $703M in aid to an OPEC member: Nigeria?
Does not compute.
Looks to me about fifty or sixty percent of Federal Budget with the rest going to gender reassignment counseling.
Absolutely fantastic. A graphic is worth a thousand bureaucratic pages.
Ironic, might we note, how many of them have proved to be terrible “investments”.
I wonder if any of the most favored recipients have substantial lobbying efforts?
$703M to Nigeria, an OPEC member!
Could we spend the money in other places, to better use?
Interesting that the wealthiest country per GDP gets the most money. I wonder how much other nations give to these nations and if we provide any strings to how the money is spent – like education health & welfare as opposed to military expenditures. I think it would be smart for us if we could transition over time to a plan where we spend our money here and send them goods and services with a similar face dollar amount – at least that way we’d be assured of some economic impact to our largess.
Note that Israel is also the largest recipient of military aid.
@spencer, quoting from the source: “According to the U.S. State Government 2013-2015 Foreign Assistance report, all $3.1 billion of Israel’s funding was used for military financing.”
So Israel in fact receives *only* military aid, and if I’m not mistaken most (if not all) of it has to be spent in the US.
How about doing it as aid per capita