FYI

Not saying that straight up aid is always the way to go.... but this really is pretty pathetic.

Crumbs for Africa - New York Times: "Mr. Blair, who will be the host when the G-8, the club of eight leading economic powers, holds its annual meeting next month, is trying to line up pledges to double overall aid for Africa over the next 10 years. That extra $25 billion a year would do all those things, and much more, to raise the continent from dire poverty. Before getting to Washington, Mr. Blair had done very well, securing pledges of large increases from European Union members. According to a poll, most Americans believe that the United States spends 24 percent of its budget on aid to poor countries; it actually spends well under a quarter of 1 percent. As Jeffrey Sachs, the Columbia University economist in charge of the United Nations' Millennium Project, put it so well, the notion that there is a flood of American aid going to Africa 'is one of our great national myths.'The United States currently gives just 0.16 percent of its national income to help poor countries, despite signing a United Nations declaration three years ago in which rich countries agreed to increase their aid to 0.7 percent by 2015. Since then, Britain, France and Germany have all announced plans for how to get to 0.7 percent; America has not. The piddling amount Mr. Bush announced yesterday is not even 0.007 percent.What is 0.7 percent of the American economy? About $80 billion. That is about the amount the Senate just approved for additional military spending, mostly in Iraq. It's not remotely close to the $140 billion corporate tax cut last year."