Yesterday American Greatness posted an article about President Trump’s fiscal 2021 budget proposal.
The article reports:
In the proposal, “Trump will seek to make a 21 percent cut in foreign aid which seeks $44.1 billion in the upcoming fiscal year compared with $55.7 billion enacted in fiscal year 2020,” an administration official said. Aid to Ukraine would remain at its 2020 levels under the new proposal.
The White House wants to boost funding for the U.S. International Development Finance Corporation (DFC) to $700 million compared to $150 million the previous year, said Russell Vought, the acting head of the Office of Management and Budget.
…The DFC was formed in large part to counter China’s growing economic influence. It serves as a development bank that partners with the private sector to provide loans in developing countries. It also serves as an alternative financing option to what the United States sees as predatory practices from China.
U.S. officials want to counter the soft power China has wielded with such loans and help countries avoid what they consider Beijing’s “debt trap” diplomacy in which countries give up control of ports, roadways, or other major assets when they fund infrastructure projects with Chinese loans that they cannot pay back.
Obviously, based on the recent behavior of the Democrats in the House of Representatives, the proposed budget will be dead on arrival. However, there is something else in play here. Who is impacted by a cut in foreign aid? I have stated before that an investigative reporter with good contacts needs to look at the corporations involved in the construction projects paid for by foreign aid to see if family members of Congressmen are involved in those corporations. It is quite possible that a cut in foreign aid could directly impact the income of the extended families of our Congressmen. Peter Schweizer has done some of this investigation and written the book Profiles in Corruption. More investigations are needed.
If there is a serious discussion of cuts to foreign aid when the budget proposal is brought up in the House of Representatives, pay attention to which Representatives strongly oppose the cuts to foreign aid. That could be very telling,