By Rebecca Williams
A viable plan to reduce our country’s mounting deficits and debt will be built on painful choices that include revenue increases and cuts to all government spending, including entitlements and defense. With such thorny issues at stake, it should come at no surprise that many policymakers turn to the easy issue first -- foreign aid. Even here, though, there are no exceptions to the need for government to act and spend strategically.
Skeptics of foreign aid question its effectiveness and value, and some hope to dramatically reduce America’s debt by slashing aid. Meanwhile, proponents insist that foreign aid is an art more than a science -- a modest investment that furthers U.S. foreign policy and addresses a few of the world’s ills.
But hardliners in both camps distort what actually goes on.
Americans significantly overestimate how much our government spends in this area. Respondents to one poll guessed that around 25 percent of the federal budget goes to foreign aid. In reality, it’s approximately 1 percent. The U.S. government will spend $39 billion on foreign aid in FY2011, a sum equal to 3 percent of the estimated $1.4 trillion deficit.
Ending or deeply cutting foreign aid will not radically alter federal spending or contribute significantly...