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Foreign 'Aid'?
Start of Term Paper
By definition, according to Compton's Encyclopedia, foreign aid is
when money, goods, and services are given by one nation to benefit another
nation. While that definition is vague and open to interpretation, nowhere
does aid mean to corrupt, h .... Middle of Term Paper ... to almost half of all the foreign
aid received by Zaire between 1970 and 1994. Amazingly, the IMF was well
aware of the expropriation of its funds, yet continued to lend Zaire money.
Why, we don't know. Mobutu used most of this money to buy lavish estates in
France and to establish huge secret bank accounts in Switzerland,
Luxembourg and elsewhere. He also kept himself in power through bribes and
by buying military support.
The US alone has spent over twenty billion dollars in the past
twenty years. Between surplus tax dollars and the money we would save from
not paying foreign aid, we could pay back the national debt in a very short
time. ... |
| Number of Words: 1046 |
Approximate Pages: 4 |
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