October 19, 2006
Immigrant Poor Send More Foreign Aid than US Govt
The United States government spends less money on foreign aid as a percentage of its budget than almost any other developed nation in the world. And even the nominal amount it officially spends- $23.7 billion in 2007 -- is tied overwhelmingly to military and political alliances -- with Irsarel receiving $2.49 billion in aid of which $2.25 billion is military assistance and Egypt receiving $1.78 billion, of which $1.28 billion in military assistance.
So the actual amount of humanitarian aid by the US government is pathetic on a global scale.
But thanks to immigration and remittances to home countries, US immigrants will send $45 billion this year to Latin America alone.
If the US would devote serious resources to strengthening the economies of Latin America-- countries that past US policies and proxy wars helped devastate -- we wouldn't have the massive immigration from those countries. But the problem may be partially self-correcting as aid from the immigrants themselves has emerged as key economic support for those countries.
Posted by Nathan at October 19, 2006 07:35 AM