How is the United States able to give billions to other countries when we are trillions in debt and how does it get approved?
In: Economics
You have to consider the effect of ‘soft power’ on international trade, something that directly affects the wealth of the top 10% who lobby politicians to be able to make more wealth for themselves. If you really believe that overseas aid is about taking care of the poor and needy around the world and that politicians don’t buy shares in those corporations I have a bridge to sell you. Those lower income ‘socialists’ who pay the bulk of the taxes don’t get their snout in the feeding trough nearly as much. Tax breaks for corporations? Bank and motor industry government bailouts? Over bloated budgets for the military industrial complex? That’s not socialism that’s protecting economic growth.
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