Saturday, November 20, 2010

CUTTING COST OF GOVT-#3: Stop Giving $ Away

In my 27 year career as an Industrial Manger at Firestone,one of my most important responsibilities was achieving the desired "BOTTOM LINE" on my financial report. If I was assigned to reduce government spending, after cutting officials salary and stopping the ridiculous spending, I WOULD STOP GIVING MONEY AWAY.

Perhaps you might think that we should give money away because we are the richest people on the face of the earth. WE ARE NOT! We are not. We are also not the 2nd, 3rd, or the 5th richest nation on earth. As measured by Per Individual Gross National Income, we are only the 7th richest.

It might be noted that the unemployment rate of the other 10 richest nations on earth range from 1.3% to 4.8% with an overall average of 2.2%. KEEP IN MIND THAT THE UNEMPLOYMENT RATE OF THE USA IS NEARLY 10%.

OF THE 10 RICHEST NATIONS ON EARTH, OTHER THAN THE USA, ONLY NORWAY GIVES AWAY ANY MONEY IN FOREIGN AID! Do they know something that we do not? Check out this chart of who in the world gives any foreign aid. Note where no foreign aid is given away. Big difference, huh? Notice the absence of any foeign aid given by China or Russia on this chart!


The top 10 contributors of Foreign Aid measured in Billions are USA 12.9, Japan 9.2, Germany 5.4, France 5.2, UK 4.8, Netherlands 3.4, Italy 2.3, Canada 2.0, Sweden and Norway 1.8 each. AGAIN, CHINA AND RUSSIA DO NOT GIVE ANY FOREIGN AID. Neither did our friends, the Auzzies, either!

I SHOULD NOTE THAT I FIND CURRENT INFORMATION NEARLY IMPOSSIBLE TO ATTAIN. ALL FIGURES QUOTED ARE MY BEST EFFORT FOR RECENT YEARS OR AS NOTED. The point intended remains the same!

WHO ARE WE GIVING OUR MONEY TO ANYWAY? In 2006, in millions of dollars, it was Israel $2,520, Egypt $1,795, Columbia $558, Jordan $461, Pakistan $698, Peru $133, Indonesia $158, Kenya $213, Bolivia $122, Ukraine $115, India $94, Haiti $163, RUSSIA $52, Ethiopia $145, West Bank/Gaza $150, Liberia $89, Bangladesh $49 and Bosnia $51.

WHY IN THE WORLD WOULD WE EVER GIVE RUSSIA ONE PLUGGED PENNY? In 2006 we gave them $52 Million? How much did your government give you in 2006? Better question, how much did your government take away from you in 2006?

INDIA IS EATING OUR LUNCH, ECONOMICALLY, AND WE ARE GIVING THEM MONEY? Why would we have given them $94 Million in 2006 when we were giving them our jobs already?


Are we trying to buy friendship? MOST OF THESE PEOPLE HATE OUR GUTS! Check how 95% of the 192 UN member nations consistently voted against the USA in the UN as shown in the chart below. In particular note how people have voted against us from 2005 to 2008. Only 10% voted with us in 2007. Friends? Hardly!
THE OFFICIAL OBJECTIVE OF U.S. FOREIGN POLICY IS: (1) Achieve Peace and Security, (2) Governing justly and democratically, (3) Investing in People, (4) Promoting economic growth and prosperity, (5) Providing humanitarian assistance, (6) Promoting international understanding, and (7) Strengthening U.S. Consular and Management capabilities.


HOW DO YOU THINK WE ARE DOING? It is your money and your opinion counts if you stand up and make your voice heard, which is what I am trying to do.


WHAT REALLY HAPPENS TO FOREIGN AID? Corruption is a major problem with many of the funds ending up in private accounts. After all, the leaders get our dollars, not the people. And no small point, for a fact, richer nations get most of our foreign aid.


Peter Bauer, brilliant British economist said it best when he said: All too often Foreign Aid turns out to be TRANSFERRING MONEY FROM POOR PEOPLE IN A RICH COUNTRY TO RICH PEOPLE IN A POOR COUNTRY". Well said, Peter!


Were I the Manager in Charge of Reducing Government Costs, I'D STOP FOREIGN AID. That would reduce cost of government big time, huh?


Yes, Israel is an important friend in a troubled part of the world. They get the most aid. ISRAEL IS RELATIVE PROSPEROUS, HOWEVER, CERTAINLY MORE SO THAN MOST OF THE COUNTRIES IN THE WORLD. I might help them repel the incoming scud missles but no dollars.


It is difficult to consider how much a billion is but consider the $84,454,827,200 in Foreign Aid we have given to Israel from 1949 to 1997. That works out to be $14,630 for each citizen of Israel. That gift cost the USA $134,791,507,200, or $23,240 per USA citizen because we gave them money we borrowed and paid $49,936,680,000 in interest on the loan.


I AM NO ECONOMIST BUT I AM ONE WHALE OF A GOOD MANAGER AND, WHILE THESE FIGURES ARE MIND-BOGGLING IF I COPIED THEM CORRECTLY, IT IS CLEAR THAT WE ARE GETTING THE SHORT END OF THE STICK. And, yes, Israel is our friend and I wish them well!


Charity? The Americans are the most charitable people on earth giving away hundreds of billions of dollars yearly to people in need around the globe, over and above the foreign aid.


No, I am not looking to be a write in candidate for a job. HA HA



It is our country, folks. Let's own it! I will if you will. Can you say Tea Party?



God Bless!

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