US Overseas Grants & Loans
By Barry Ritholtz - December 31st, 2010, 12:30PM
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
June 21st, 2010 at 2:39 pm
Am I reading this right? Israel is the #1 recipient of grants? Methinks the AIPAC and “The Family” have a little too much influence in Washington.
December 31st, 2010 at 1:03 pm
How much of this foreign aid is actually a subsidy to purchase American goods and services?
December 31st, 2010 at 1:09 pm
Where’s the nine-tonne pink elephant in this global strawberry patch? Obviously, those three huge brown circles in the middle east.
On the plus side, Israel joined the OECD rich country club this year. So maybe it doesn’t need any more aid. (Rolls eyes and whistles hopefully.)
On the downside, Egypt — a huge recipient of aid ever since Jimmy Carter’s 1979 peace deal — is a dictatorial kleptocracy. US taxpayers made the Murabak family into autocratic billionaires.
And on December 10th, Sec State Hillary Clinton announced that the US-sponsored Israeli-Palestinian peace talks were effectively dead. Evidently, bribing third parties to make peace with each other isn’t such a great idea. So maybe we’ll please stop now? (Hint, hint!)
December 31st, 2010 at 1:19 pm
For a good laugh, stick a chart on top that shows how much the United States spends at home to support the Arts.
December 31st, 2010 at 1:33 pm
Too bad no graphic to show Fed loans to foreign banks.
December 31st, 2010 at 1:40 pm
Some curious patterns. It would be interesting to see an informed discussion of the shifts. I was trying to figure out the odd shift between 1974 and 1975– massive drop in aid to Vietnam, of course, but it didn’t seem right graphically and it seemed like there was a too-large jump in aid to other countries, yet the total value shows no strong change. The size of the circles do not seem to match– perceptually, at least– the amounts. Have they combined size and color to indicate amount? It tends to mislead, if so, because the natural tendency is to cue primarily on size.
It states all grants and loans to Israel in 2008 was about $44M. 30 seconds with wikipedia gives a far more believable $2.5 billion, give or take a few hundred million, in several places.
http://en.wikipedia.org/wiki/File:US_aid_to_Israel.gif
December 31st, 2010 at 1:41 pm
Our occupation of Iraq is being paid for by lower gasoline prices, thats what Fieldmarshall Wolfowitz promised.
Before we paid Iraqis to kill Iranians, now we’re paying Iraqis not to kill other Iraqis now that we’re finished killing Iraqis
December 31st, 2010 at 10:01 pm
The current ten year yearly grant, signed by George Bush, to Israel is a clean $3.0 billion a year with no strings attached, which is about $500 per Jewish man, woman and child per year, every year.
How big is your yearly economic stimulus payment?
January 1st, 2011 at 8:51 am
@ Machinehead: i believe it’s Mubarak, but the point is well taken. Why we can’t invest this money in our own country is a testament to the powers that be determining the global fate of nations (including our own demise at this time to prop up the failed global banking cartel).
Happy New Year and Best of Luck to everyone. This year should prove “interesting.”
January 2nd, 2011 at 1:31 pm
It would serve our interests better if the circles for Mexico and Central America were larger and those in the middle east much much smaller. Just my two cents.