NAME:FRANK KWAPONG STUDENT I.D M00556702
“FOR ME, IT’S AMERICA FIRST”
In a recent interview with President Trump, he did make an exceptional annotation on foreign assistance.
President Trump unhappily, underestimated its impact and overestimated its expense.
The feedback and answers brought up upon him been questioned as to why he would prefer to put to an end to US foreign assistance is as follows, “For me, it’s America first. We have been doing that so long that we owe $20 trillion, okay?” This response conveys a clear advice that the president doubtlessly, attributes the on-going national debt of the United states, to the exact effect brought about by the rate of its foreign aid spending. And as long as it perpetually remains an immaculate talking point, it’s at a great distance from it been true.
The verifiable truth is that, according to a statistic based on United States spendings, it’s clear the United States spends approximately 0.8 percent of its federal budget on humanitarian and developmental assistance every year, and only 1.5% percent of their planned disbursement if you combine all of it’s international affairs pay out, like the financial backing for US diplomacy.
Closely examine in contrast that to the 6.1 percent that is paid out entirely on US debt interest every year. These settlements made solely on just US debt interest only, is even over and above seven times it’s foreign aid spending. Therefore, President Trump’s allegations about the fact that foreign support is holding back US debt is unjustifiable and counterfactual.
However, President Trump eradicating US contributions towards foreign aid and support would genuinely have minor influence on US debt. And hence, at the same time generating a calamitous repercussion for the poor and needy communities all over the world, and extremely impeding US guidance and in the near future affluence.
Data source : Congressional Budget office, FY 2015 US Federal Budget. http://bit.ly/109j9by
Foreign assistance is being used as a scapegoat for a rising deficit instead of things like tax cuts for corporations and richest among us, which are core to the administration’s policy agenda and are shown to contribute to the national debt. The Washington Post’s analysis on this front brings some important context.
Foreign aid contributes to global poverty reduction and helps to protect basic rights and liberties, and benefits America’s interest. All for less than one percent of the US federal budget. Since 1990, the world has made an exceptional advancement-elevating millions of people and communities out of poverty faster than any other time in history. Over the same period, foreign assistance has changed greatly, progressing into more innovative ,more transparent , and more aligned to partner country first concerns. The role of aid is changing, as household taxes and private investments mature more into significant financial resources for developing countries. An approximate calculation of 766 million people still live in extreme poverty, and uncompromising humanitarian crisis threatening the reverse of the gains made.
Worldwide poverty acts as a big challenge to future safety, its development, and the values of United States. Therefore, parting ways with it is not the best option, as foreign assistance has a very valuable part to play globally. The number of people who are in poverty are not just numbers, but they are real people, and most of them are women and girls all over the world, who rely solely upon USAID from everyday’s provisions for survival to providing a better life for themselves and their families,(Oxfam.co.uk).
An example is Aligaesha a succesful Tanzanian farmer and community leader, who formed the union known as the farmers cooperative in the karagwe District of northwest Tanzania in 2007. After getting a great support from the US Agency for international Development (USAID), her cooperative, the Kaderes Peasant Development Ltd., was awarded a big contract to supply beans to the rest of the world as part of the World’s Food Programme (WFP). However, this partnership with the local farmers helped saved money as well as time, and made the channel that the WFP might have taken to supply these same goods to and from other parts of the world during humanitarian crises much easier and faster.
US’s foreign assistance is moving outside limits, other than just providing food supply to women like Aligaesha, the US is doing better by supporting their efforts to produce more and escape poverty for good. She and her fellow farmers stand to benefit if changes to US policy enable more local and regional purchases of food aid for people facing food insecurity.
- 101.co.ukWorld Bank Tanzania Country Overview(link is external)
- , 2013. UNICEF Country Statistics, Tanzania(link is external).
- Feed the Future Tanzania Factsheet, 2013.
- MDG Report 2015: Assessing Progress in Africa Towards the Millennium Development Goals(link is external).USAID,Development and innovation ventures
- Berdegu, J. A. & G. Escobar. 2001. Agricultural Knowledge and Information Systems and Poverty Reduction. World Bank, AKIS Discussion
- USAID (United States Agency for International Development). Food and Food Security. http://www.usaid.gov/policy/ads/pps/foodsec/fs_foodsec.html