Foreign aid not a big budget problem
October 19th, 2011
01:03 PM ET
3 years ago

Foreign aid not a big budget problem

New york (CNNMoney) - Cutting foreign aid is definitely back in vogue.

"We're spending more on foreign aid than we ought to be spending," Mitt Romney said during Tuesday's CNN debate.

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soundoff (9 Responses)
  1. Democrat Class Warfare - Destroying the economy, destroying the country

    Less than 1% of government spending goes to foreign aid, according to the U.S. Agency for International Development. That's chump change compared to other sections of the bloated federal budget - like spending on entitlement programs or the military.
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    So the federal government spent $3.6 TRILLION last year, which means 1% is $36 BILLION. Now that is some "chump change" I would love to have! Money that would be better spent at home.

    But the real problem is that we are borrowing that $36 BILLION to give away and then we're stuck with the debt and all the interest. A government that is borrowing money to survive should NOT be giving it away to other countries.

    Makes no sense no matter which way you look at it. Cut it and lokk for more to cut. AND MAKE REAL CUTS!

    October 19, 2011 01:12 pm at 1:12 pm |
  2. Democrat Class Warfare - Destroying the economy, destroying the country

    I believe it was wise old Ben Franklin that said...."Watch your billions and the trillions will take care of themselves."

    October 19, 2011 01:15 pm at 1:15 pm |
  3. fred ca

    Big budget problem or not...the questions are is it cost effective, are the people running it honest and money going where it should and last, but not least, is it a proper function of the government. If this was applied to all budget programs that were not a 'big problem' the savings would be big. Applied to the big problems the savings would be massive. More importantly it would return gov't to its proper place.

    October 19, 2011 01:25 pm at 1:25 pm |
  4. vic , nashville ,tn

    Foreign aid cut Only Ron Paul honest about this others if they become president they will double the foreign aid

    October 19, 2011 01:35 pm at 1:35 pm |
  5. robertName

    Another example of Mitt pandering, this time to the isolationist bent of the right. Even though he has no foreign policy experience, he's not dumb enough to believe what he said.

    October 19, 2011 01:35 pm at 1:35 pm |
  6. Al-NY,NY

    Pandering to the drooling masses of "cut cut cut" when it is a miniscule amount. How typical

    October 19, 2011 01:50 pm at 1:50 pm |
  7. Bill from GA

    Romney knows that foreign aid is not enough of the budget to worry about, and it helps us avoid trouble in the world by having some less than desirable countries act somewhat like our friends. But Romney has to throw some bones to the mouth-breathing, knuckle-dragging group in the repug party, since it seems to be the majority, or at least the loudest, section of repugs.

    October 19, 2011 01:52 pm at 1:52 pm |
  8. Rick McDaniel

    I want to know, just how Obama gets to give away money in foriegn aid, to any and all comers, with no vote from Congress. Congress should either have to approve such aid, or they should de-fund the State Dept. the amount of aid given to foreign countries this year alone, is staggering.

    October 19, 2011 01:56 pm at 1:56 pm |
  9. Rudy NYC

    Rick McDaniel wrote:
    I want to know, just how Obama gets to give away money in foriegn aid, to any and all comers, with no vote from Congress. Congress should either have to approve such aid, or they should de-fund the State Dept. the amount of aid given to foreign countries this year alone, is staggering.
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    Cheers from the right. Giggles from the left.

    October 19, 2011 02:01 pm at 2:01 pm |