The United States Agency for International Development (USAID) is the United States Government agency which is primarily responsible for administering civilian foreign aid. President John F. Kennedy created USAID from its predecessor agencies in 1961 by executive order. USAID's programs are authorized by Congress ...
May 17, 2016 ... Bilateral donors provide such aid also because the Organization for Economic Cooperation and Development (OECD), a rich-country club, committed in 1970 to give 0.7 percent of gross national income of member countries as official international development aid on an annual basis. But few bilateral ...
Feb 27, 2017 ... To reduce spending on this goliath, we need not go as far as the neutrality-loving Swiss, who spend 0.7 percent of their GDP on the military. Even scaling our military ambitions back to, say, the British or the French levels (about 2 percent of GDP is directed to the military, while we spent 3.3 percent) would ...
Jul 18, 2017 ... unsustainable spending levels that eventually will prevent us from keeping the promises we have made to seniors. Critics will claim that our budget hurts seniors and other vulnerable citizens. These claims ... dismal economic GDP growth over the last seven years that averaged just 2 percent. This growth ...
Apr 18, 2013 ... aggregate spending advances in step with the pace of aggregate supply. There is ... time the U.S. economy will either not return to its pre-recession growth path but perhaps remain ..... 2 Real GDP is the total output, adjusted for inflation, of goods and services produced in the United States in a given year.
Among his (Obama's) pet projects is a bill ... which would commit the U.S. to spending 0.7 percent of gross national product on foreign aid.