America’s $2.3 Trillion Dollar Foreign Aid is Mostly a Defense Contractor Subsidy

January 14, 2013 12:59 AM ~  
This is a great article. It's unfortunate, but too many conservatives treat military spending as if it is the sacred cow that cannot ever be addressed. Corporate welfare is just as bad as regular welfare, and it causes a massive distortion in our economy that leads to lost production and lost ingenuity.

America’s $2.3 Trillion Dollar Foreign Aid is Mostly a Defense Contractor Subsidy | ChrisInMaryville's Blog.

Here’s a ‘Connecting the Dots Moment’ for Americans to ponder:  It’s a well documented fact that Congress wiped out the Social Security Trust Fund over the decades to the tune of at least $2.5 trillion and left a worthless pile of IOU’s, here.  It’s also well documented that foreign aid, according to 2007 figures, totaled an astounding $2.3 trillion.  How would Americans feel if they knew that the government they elected and trusted plundered their Social Security and that their retirement funds landed in the laps of defense contractors and corrupt foreign officials?  


Flushing $2.3 trillion in American tax dollars down the foreign aid toilet, here, is not only an act of grand theft but also a gargantuan welfare program for defense contractors.  The $2.3 trillion figure quoted in the link is based on 2007 data and hundreds of billions have been added to the foreign aid tab since 2007.  Still, it has been estimated that 2/3 of foreign aid lands right in defense contractor laps.