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| Africa: North |
| U.S. Aid To Egypt Is Slowly Reduced |
| 2005-05-12 |
| The United States has been slowly reducing aid to Egypt. A congressional report said U.S. aid to Egypt has dropped over the past five years. Most of the aid decline has been in economic assistance. The Congressional Research Service said U.S. aid dropped from a high of $2.1 billion in fiscal 2001 to $1.82 billion in fiscal 2005. The reduction reflected a decline in both economic and military aid. "Economic aid has dropped in annual $40 million increments from $815 million in FY1998 to $535 million requested for FY2005," the report, entitled "Egypt-United States Relations," said. |
| Posted by:Fred |
| #10 -- That makes Jordan the international equivalent of the welfare queen.-- No, princess. Mexico's the queen. |
| Posted by: anonymous2u 2005-05-12 13:36 |
| #9 Pretty damn slow. Pull the plug on this bribe and bomb the f*ck out of them if they get uppity about it. |
| Posted by: BH 2005-05-12 10:05 |
| #8 From the link .com provided, it isn't clear at all that the aid has been 'declining' over the past ten years, it's just at a low right now in a pattern characterized by peaks and troughs. It was lower in 2001 but higher in 2002. |
| Posted by: Steve White 2005-05-12 09:02 |
| #7 FYI For Egypt erased 7 billion dollars of debt as an incentive for them to fight with us in Gulf War I |
| Posted by: sea cruise 2005-05-12 08:59 |
| #6 Jordan has been very helpful. Egypt, less so -- but far better under Mubarak than under the Egyption Brotherhood and their ilk. |
| Posted by: too true 2005-05-12 08:04 |
| #5 Jordan (from .com's link) is an interesting case. US economic aid was more than 10% of GDP in 2003. If a conservative economic multiplier of 3 is used, then US aid contributes 1/3 of Jordan's GDP. If aid from all other sources matched US aid levels (WAG), then US and foreign aid would contribute to 2/3s of GDP. That makes Jordan the international equivalent of the welfare queen. |
| Posted by: ed 2005-05-12 07:46 |
| #4 Assuming this continued rate of decline, it will take another $40b and 45 years until we stop sending American money to finance Egyptian tyrants, islamofascists, and antisemites (yes, they overlap). |
| Posted by: Kalle (kafir forever) 2005-05-12 04:58 |
| #3 Well, that was a bust. Dial it up yourself here. |
| Posted by: .com 2005-05-12 03:10 |
| #2 Here's a graph of US AID to Egypt over the last 10 years. |
| Posted by: .com 2005-05-12 03:08 |
| #1 Reducing the seething to a fast simmer, rather than a full rolling boil. |
| Posted by: Seafarious 2005-05-12 00:14 |