Speech #920274158

It is uncontrollable and uncontrolled because the Congress has let the State Department fritter away our resources by giving more than $150 billion away in direct foreign aid with very little oversight or limitation. That this $2.13 billion figure only shows part of the picture is best indicated by a brief recitation of the numerous foreign aid spigots which pour out our taxpayers money in more than two dozen ways. Here is a brief listing: New requests for authorizationl and/or appropriation. foreign assistanceFiscal year Foreign Assistance Act (mutual security) ----------$2. 163.000.000 Supplemental for supporting assistance ---------------- 100. 000. 000 Overseas Private Investment Corporation ------------- 37. 500.000 Receipts and recoveries from previous programs ------- 386. 325. 000 Military assistance (in defense budget) 2. 260.300. 000 International military headquarters ---------------- 57. 300. 000 Economic assistance (in defense budget) ----------- 117. 000. 000 Foreign military credit sales fund ------------------- 272. 500.000 MAAGs missions. and miltary groups -------------- 167. 300. 000 ExportImport Bank. longterm credits --------------2. 900.000.000 ExportImport Bank. regular operations -------------- 1.082.096.000 ExportImport Bank. export expansion program- ------ 100.000. 000 Public Law 480 (agricultural commodities) ----------- 932. 500. 000 InterAmerican Development Bank (supplemental) ---- 205. 880.000 International Development Association --------------- 160.000. 000 Asian Development Bank .... 20. 000. 000 Asian Development Bankspecial funds (supplemental) --------------------- 25. 000.000 Asian Development Bankspecial funds ------------ 35. 000.000 Expanded multilateral assistance --------------------- 540.000.000 Peace Corps --------------- 98. 800. 000 Permanent military constructionforeign nations- 190.200. 000 Contributions to international organization ------- 144.611.000 Educational (foreign and other students) --------- 45.474.000 Ryukyu Islands ----------- 6. 952.000 Migrants and refugees ------ 5. 787. 000 Trust Territories of the Pacific Islands ------------ 60.000. 000 Latin America Highway (Darien Gap) ----------------- 20.000. 000 12. 133. 525. 000 Mr. Speaker. figures are not yet available for the fiscal year which ended on June 30. 1972. but a cursory study would indicate the figure to be higher than the $12plus billion shown here. This gives the American people a better idea of the true cost of foreign aid.