Tuesday, October 2, 2012

Foreign Aid

Obama Increased Foreign Aid 80%; Spent 76% More on Foreign Aid Than Border Security

Barack Obama, Hamid Karzai
President Barack Obama of the United States and President Hamid Karzai of Afghanistan on May 2, 2012. (AP Photo/Charles Dharapak)
(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.

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