Trump Cuts Foreign Aid – It’s a Lousy Investment Anyway!Trump is set to save taxpayers $4 billion on foreign aid – and Congress isn’t happy. By: Andrew Moran | August 24, 2019 Do you remember that obsequious teen in high school who would do everything to curry favor from the cool kids? He would finish their homework, chuckle at all their yarns, and even hand over lunch money on occasion just to sit with them in the cafeteria. Yet, his peers would routinely laugh, bully, and mock him. That has been the United States for decades. Despite all the foreign economic, military, and humanitarian aid, the US is regularly the subject of scorn and hate – and for what? That’s what President Donald Trump is asking.
Putting Aid on IceA senior administration official told CBN News that President Trump will try to freeze more than $4 billion in aid to more than 100 countries for the current fiscal year (FY). Reportedly, the White House will roll back the foreign assistance as part of a rescissions package, which has already been appropriated to the State Department and the US Agency for International Development.
Officials expect the White House to submit formal cuts to Congress in the coming days. This will automatically freeze the funds and prevent Congress from rescuing the aid from expiring, mainly because FY 2019 has one month left.
The $4 billion only represents a fraction of the near $4 trillion Congress spends, but any little bit helps as the Trump administration is poised to record a $1 trillion deficit. As the old saying goes, watch the pennies and the dollars will follow.
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https://www.libertynation.com/trump-cuts-foreign-aid-its-a-lousy-investment-anyway/
