by Dr. Ron Paul
Ron Paul Institute
Last week’s announcement of a record-breaking US aid package for Israel underscores how dangerously foolish and out-of-touch is our interventionist foreign policy. Over the next ten years, the US taxpayer will be forced to give Israel some $38 billion dollars in military aid. It is money we cannot afford going to a country that needs no assistance to maintain its status as the most powerful military in the Middle East.
All US foreign aid is immoral and counterproductive. As I have often said, it is money taken from poor people in the US and sent to rich people overseas. That is because US assistance money goes to foreign governments to hand out as they see fit. Often that assistance is stolen outright or it goes to the politically connected in the recipient country.
Just as bad is the fact that much of what we call “foreign aid” is actually welfare for the wealthy here at home. The aid package to Israel is a very good example. According to the agreement, this $38 billion will all go to US weapons manufacturers. So the real beneficiaries are not the American people, and not even Israeli citizens. The real beneficiaries are the US military-industrial complex. Perhaps the money won’t even leave Washington – it may simply go across town, from the Fed to the Beltway bomb-makers.