Cuts to government spending are inevitable. The question is what to cut. Most Americans think we spend a fortune on foreign aid and should slash it. Actually we spend about $25 billion a year on foreign aid, less than 1% of our $3.5 trillion annual budget. The fortune is spent on the military -- $700 billion annually, more than the rest of the world spends on defense combined!
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Jeff Sachs dancing at Sauri Millenium Village
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Jeff Sachs, noted economist, educator, author and founder of the Millennium Villages Project (one of Eliminate Poverty Now's partners) offers a strategy to cut $175 billion annually in spending (that's $1.75 trillion over 10 years which is what the Congressional Committee on Deficit Reduction is trying to find) and does it by being penny-wise and pound-wise at the same time.
Here's a link to this important article which appeared in the Huffington Post.
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