Monday, January 03, 2005

HUMAN EVENTS ONLINE :: 'Stingy' Americans and the Charity Racket by Patrick J. Buchanan

HUMAN EVENTS ONLINE :: 'Stingy' Americans and the Charity Racket by Patrick J. Buchanan:
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"But this 0.7 percent figure neglects two factors. First is the U.S. spending for defense that provides security for all the Western democracies, plus Japan, Korea and dozens of nations. Defense consumes 4 percent of U.S. GDP. In the Cold War, it was 9 percent under Ike and 6 percent under Reagan. Then, there is the private giving of Americans, who are the most charitable people on earth. Perhaps 10 percent of the $240 billion that Americans annually give to charity goes abroad. "

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