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We're Broke - Yet Obama Increased Foreign Aid 80%

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We're Broke - Yet Obama Increased Foreign Aid 80%

Posted By: LetFreedomRing Date: Tuesday, 2-Oct-2012 13:42:15

Maybe he thinks they'll "like him , really like him" if he opens the American Checkbook. . . too bad he had to Print or Borrow That generosity . . . a future debt for tomorrow's children.

>>>

http://cnsnews.com/news/article/obama-increased-foreign-aid-80-spent-76-more-foreign-aid-border-security

>>> ((snip))

(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.

 

Entry #107

Comments

1.
Original BeyComment by Original Bey - October 2, 2012, 3:35 pm
A woman on a prenup and on her way to divorce court maxes out the credit cards in the last weeks. After November, I'll be asking Obama who?
2.
MADDOG10Comment by MADDOG10 - October 2, 2012, 9:25 pm
You go Bey..!
If the rest of these spineless leeches we have in The Senate and Congress would open their eye's like the congresswoman from Texas, he wouldn't have a free hand.

But then again were talking about jellyfish aren't we...!!
3.
rdgrnrComment by rdgrnr - October 2, 2012, 10:18 pm
I wonder how many of those countries will come to our aid when Obama has us down for the count?

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