News Focus
News Focus
Followers 75
Posts 114344
Boards Moderated 3
Alias Born 08/01/2006

Re: dbergh post# 520453

Sunday, 03/30/2025 3:52:32 PM

Sunday, March 30, 2025 3:52:32 PM

Post# of 579679
Every US president before Trump knew USAID as a valuable soft power asset for the USA. Waste to some is value to others, see

crusher, Don't you find it curious Leavitt listed others yet didn't mention your Chemonics situation.
Sorting Out the Facts on ‘Waste and Abuse’ at USAID
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175807547

The White House’s wildly inaccurate claims about USAID spending
Eleven out of 12 claims about the agency’s work are misleading, wrong or lack context.
February 7, 2025
[...]On top of that, other countries are more generous with foreign aid. By raw dollars, the United States gives more foreign aid than any other country. But when measured as a percentage of a country’s economy, the United States is far behind nations such as Britain, Norway, Sweden, Germany and the Netherlands. The United Nations has set a target of contributing 0.7 percent of gross national income in development aid; the United States clocks in with less than 0.2 percent, near the bottom of the list of major democracies, according to a 2020 report by the Organization for Economic Cooperation and Development.

Much of the time, this aid does not actually leave U.S. shores. Then, if it does, it generally goes to nongovernmental organizations, not host governments. The exception might be direct cash transfers as a reward for counterterrorism operations to countries that support the United States, such as Turkey and Jordan, or Egypt and Israel for signing the Camp David Accords, according to the Congressional Research Service (CRS). Very little since the 1970s has been spent on direct construction of roads, irrigation systems, electric power facilities or similar projects, CRS said.

About two-thirds of U.S. foreign assistance funds in fiscal year 2018 were obligated to U.S.-based entities, CRS said. For instance, food aid must be purchased in the United States and by law must be shipped on U.S. carriers. With the exception of some aid given to Israel, all military aid must be used to purchase U.S. military equipment and training — meaning foreign military aid in reality is a jobs program in the United States.
[...]
“Hundreds of thousands of meals that went to al-Qaeda-affiliated fighters in Syria”

This is highly misleading. As the article cited by the White House makes clear, investigators, including the USAID inspector general, discovered that the head of a nongovernmental organization diverted $9 million intended for Syrian civilians to combatant groups. He was charged in a 12-count indictment unsealed in November. “USAID OIG works tirelessly to ensure that U.S.-funded humanitarian assistance does not fall into the hands of terrorist organizations,” said Jason Donnelly, special agent for the inspector general, in a news release. “We will continue to work with the Department of Justice and law enforcement partners to hold accountable those who compromise USAID programs for vulnerable populations around the world.” Yet the White House is now blaming the agency for fraud that it exposed.
https://www.washingtonpost.com/politics/2025/02/07/usaid-trump-fact-checker/

Fact check: Trump's team targets USAID with false claims
Thomas Sparrow | Anwar Ashraf 02/07/2025
https://www.dw.com/en/fact-check-trumps-team-targets-usaid-with-false-claims/a-71535712

Fact-Checking Claims About U.S.A.I.D. Funding
Trump administration officials have misled about how the aid agency
is spending its funding, in an effort to cite widespread “waste.”
https://www.nytimes.com/2025/02/08/us/politics/usaid-funding-trump-fact-check.html

It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today