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Of the $31.7 billion in obligated U.S. economic assistance, $20.8 billion went to 173 countries; the rest was obligated to non-specified regions. Afghanistan received the most, approximately $2.7 billion, while Malta received the least, just $1,910.
Of the 173 countries that received economic assistance,
* 49 were in Sub-Saharan Africa,
* 39 were in Europe and Eurasia (E&E),
* 37 were in Asia,
* 30 were in Latin America and the Caribbean (LAC),
* 17 were in the Middle East and North Africa (MENA), and
1 (Canada) was non-regionally specified.
About $1.3 billion is authorized each year to bolster Egypt’s military, one of the most powerful in the Middle East. That aid covers 80% of all of Egypt’s military purchases, according to a recent congressional assessment (pdf). This assistance has totaled nearly $42 billion since 1948, and nearly all of it has gone to buy American weaponry and hardware.
In fact, the appropriated funds never make their way directly to Egypt. “It goes to the Federal Reserve Bank of New York, then to a trust fund at the Treasury and, finally, out to U.S. military contractors that make the tanks and fighter jets that ultimately get sent to Egypt,” wrote Julia Simon of National Public Radio (NPR).
Presently, six U.S. defense contractors benefit from the billion-dollar assistance given to Cairo.
We tend to make a profit.
reply to post by MrSpad
We tend to make a profit.
No we do not make a profit if we did then we wouldn't be trillions in the hole. When America sells arms to places like Israel we sell them for pennies on the dollar. The American taxpayer will spend a hundred million dollars on missiles then turn around and sell them for 10 million dollars. So who profits? The corporate elite not America.
We are trillions in the hole, because they say we are trillions in the hole. It's all numbers.
How long would the American taxpayer stand for being fleeced at every turn by government and corporation alike, if said taxpayer knew there was a surplus for the past 70 years?edit on 9/10/2013 by Klassified because: redaction
Yes it's all numbers but what do you think those wars are fought with; numbers? In this case the printing press may truly be more dangerous than the sword but that hardly changes the fact that eventually 'someone' , meaning the american public as corporate and taxes on the 1% are going down, is going to have to pay the Fed.
How can there be a surplus? Where would it come from? Why do you think the dollar is losing value so quickly despite the massive support provided by petrodollars and foreign reserve holdings? The guys that are issuing this debt is only every likely to write it down if they were held at gunpoint and since that will entail pretty much blowing up the entire financial system i wont be holding my breath.
But whatever you have to show that can convince me of alternatives would obviously be most welcome!