Barack Obama’s Global Poverty Act

Senator Barack Obama, the eminently likable possible Democratic nominee for president, has sponsored a “Global Poverty Act” that would require the United States to increase foreign aid by approximately $65 billion per year.....

...Having seen heart-rending poverty in developing countries, I heartily endorse Senator Obama’s desire to greatly reduce, if not eradicate, Third World poverty. At the same time, I oppose the Global Poverty Act. If passed, it would be a hugely expensive mistake. The act fails on pragmatic grounds—it simply would not accomplish its stated goal of greatly reducing poverty.....

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