Right Now
The U.S. government gave $1.4 billion in foreign aid to 16 countries to which the U.S. owes at least $10 billion each, including China and Russia, in 2010. Senator Coburn has filed amendment #670 to S. 1619 to end foreign aid giveaways to China, Russia, and other wealthy nations that we owe at least $10 billion. The amendment would not cut off humanitarian assistance or defense related activities. This amendment would save U.S. taxpayers more than $1 billion this year, money that would otherwise be borrowed from China or Russia… and then returned.
An outline of U.S. foreign aid to nations the U.S. owes at least $10 billion prepared by the Congressional Research Service in a report requested by Dr. Coburn: here.
Here is the breakdown...
The U.S. government spent $27 million on foreign aid programs for China in 2010. This included nearly $2 million for economic development and $4 million for social services. China currently owns $1.1 trillion in U.S. debt. In 2007 China funded $18 billion worth of aid programs in Africa and $7 billion in Southeast Asia. Last month media reports stated Italy could seek Chinese assistance for their debt problems. While China is using its economic resources to gain influence, the U.S. is giving away tens of millions of dollars to China to spend on its domestic programs.
Other countries included:
- Brazil: owned $193.5 billion in Treasury securities and received $25 million in U.S. foreign aid
- Russia: owned $127.8 billion and received $71.5 million
- India: owned $39.8 billion and received $126.6 million
“Borrowing money from countries who receive our aid is dangerous for both the donor and recipient. If countries can afford to buy our debt perhaps they can afford to fund assistance programs on their own. At the same time, when we borrow from countries we are supposedly helping to develop we put off hard budget choices here at home. The status quo creates co-dependency and financial risk at home and abroad.” – Dr. Coburn
| Date | Title |
|---|---|
| 9/13/12 | Dr. Coburn's Amendments to the Veterans Job Corps Act of 2012 |
| 9/13/12 | Social Security Disability Programs: Improving the Quality of Benefit Award Decisions |
| Date | Title |
|---|---|
| 6/19/12 | Farm Bill Amendments Update |
| 6/12/12 | Dr. Coburn's Amendments to the S. 3240, Farm Bill |
| Date | Title |
|---|---|
| 7/27/11 | 9,000,000,000,000 Ways to Balance the Budget |
| 7/22/11 | Dr. Coburn on C-SPAN's Washington Journal This Morning |
| Date | Title |
|---|---|
| 4/13/11 | New Report Reveals Overbilling of Treasury Department by Law Firms, Misuse of TARP Funds |
| 4/4/11 | Dr. Coburn's amendments to cut spending by $20 billion |
| Date | Title |
|---|---|
| 11/17/10 | Today, Dr. Coburn filed two amendments to the Food Safety bill |
| 11/10/10 | Earmark Myths and Realities |
| Date | Title |
|---|---|
| 10/26/10 | What Others Are Saying About "Grim Diagnosis" |
| 10/7/10 | Dr. Coburn Not Holding Aid to Haiti |
| 10/4/10 | HHS ADMINISTRATIVE FAILURE |
| Date | Title |
|---|---|
| 2/22/10 | Guns in Parks Fact Sheet |
| Date | Title |
|---|---|
| 11/18/09 | Coburn's efforts to improve the Caregiver and Veterans Omnibus Health Services Act |
| 11/5/09 | Facts about the Veterans Caregiver Bill |
| Date | Title |
|---|---|
| 8/6/09 | Clunkers for Charity |
| 8/4/09 | Coburn Amendments to the Agriculture Appropriations Bill |
| Date | Title |
|---|---|
| 6/16/09 | Dr. Coburn Releases Stimulus Oversight Report |
| 6/2/09 | Coburn Amendments to the Family Smoking and Prevention Act |
| Date | Title |
|---|---|
| 5/12/09 | Coburn Gun Amendments 1067 and 1068 |
| 5/5/09 | Coburn Offers Amendment to Dispose of Unneeded Federal Buildings |
| 5/1/09 | OMB Responds to Coburn's Letter on Transparency |
| Date | Title |
|---|---|
| 4/22/09 | Coburn Amendments to The Fraud Enforcement and Recovery Act |
| Date | Title |
|---|---|
| 1/29/09 | Senate Rejects Opportunity to Provide Health Care to Needy Children at No Additional Cost |
| 1/7/09 | Senate Leaders to Kick Off New Congress with an Earmark-Laden Omnibus Lands Bill |
| Date | Title |
|---|---|
| 10/16/08 | Highlights of Senator Reid's Omnibus Lands Grab and Energy Restrictions Act Scheduled for Debate Next Month |
| Date | Title |
|---|---|
| 9/27/08 | Coburn Comments on the Fiscal Year 2009 Continuing Resolution |
| 9/26/08 | Reid Neglects Economy to Pursue Pet Projects |
| 9/17/08 | Reid's Monkey Business Continues |
| Date | Title |
|---|---|
| 8/21/08 | Coburn Applauds HHS Action on Physician Conscience Rights |
| 8/1/08 | Democrats Hold Civil Rights and Child Pornography Legislation as a Political Hostage |
| Date | Title |
|---|---|
| 6/20/08 | AMERICAN OIL REMAINS UNTOUCHED |
| Date | Title |
|---|---|
| 3/14/08 | Dr. Coburn's Efforts Fix GINA |
| 3/11/08 | Coburn's Speech on the 2009 Budget |
| 3/3/08 | Dr. Coburn Amendment to Ensure Scientists Conduct Research, Not Politicians |
| Date | Title |
|---|---|
| 2/14/08 | Dr. Coburn's amendments to fix the broken Indian Health Care system |
| Date | Title |
|---|---|
| 1/29/08 | Dr. Coburn's Federal Land Bill Amendments |
| 1/24/08 | Coburn's official visit to Taiwan |
| Date | Title |
|---|---|
| 8/28/07 | Congress celebrates the Year of the Golden Pig |
| Date | Title |
|---|---|
| 2/14/07 | Debating the continuing resolution |
| 2/7/07 | What's next for the War in Iraq? |
| Date | Title |
|---|---|
| 1/30/07 | Do we need to increase the federal mininum wage? |
| 1/12/07 | Real reform for the Senate ethics bill |
| 1/4/07 | The Coburn Principles |
| Date | Title |
|---|---|
| 12/14/06 | 109th Congress Convenes |
| Date | Title |
|---|---|
| 11/16/06 | Coburn amendments to the Agriculture Appropriations bill |
| Date | Title |
|---|---|
| 9/26/06 | Ryan White CARE Act Reauthorization |
| 9/26/06 | President Bush Signs Coburn/Obama Transparency Act |
| Date | Title |
|---|---|
| 8/23/06 | Federal Funding Accountability and Transparency Act |
| 8/2/06 | Coburn amendments to the Department of Defense Appropriations bill |
| Date | Title |
|---|---|
| 5/2/06 | Stop the Senate from approving non-emergency projects in the emergency supplemental |
| Date | Title |
|---|---|
| 12/14/05 | Dr. Coburn letter to HHS on Ryan White CARE Act formulas and ADAP funding |