Quote by Ronald Reagan
We are for aiding our allies by sharing some of our material blessings with those nations which share in our fundamental beliefs, but we are against doling out money government to government, creating bureaucracy, if not socialism, all over the world. We set out to help 19 countries. We are helping 107 We spent $146 billion. With that money, we bought a 2-million-dollar yacht for Haile Selassie. We bought dress suits for Greek undertakers, extra wives for Kenya government officials. We bought a thousand TV sets for a place where they have no electricity.
This quote criticizes the use of government funds for foreign aid, expressing a disapproval for excessive spending and questionable use of resources. It argues that while it is important to support allied nations that share our values, the method should not involve giving money directly to governments, which could lead to bureaucracy and potentially even socialism. The quote highlights examples of wasteful spending, such as buying luxury items for certain individuals and providing resources where they are not needed or cannot be utilized effectively. Overall, it emphasizes a skeptical view towards the distribution of financial aid by governments.
In December, I agreed to extend the tax cuts for the wealthiest Americans because it was the only way I could prevent a tax hike on middle-class Americans. But we cannot afford $1 trillion worth of tax cuts for every millionaire and billionaire in our society. We can't afford it. And I refuse to renew them again.