Waylaid Dialectic

December 11, 2012

Now that puts things in perspective…

Filed under: Random Musings — terence @ 11:06 am

Mother of gods!

Over the last 50 years, developed countries have given as much as $2.3 trillion in foreign aid…$2.3 trillion is a very large sum of money, but again, we need to put it into perspective. A sobering example is that in 2001 the secretary of Defense, Donald Rumsfeld, announced that the Defense Department was so bad at keeping track of its funds that there were $2.3 trillion that it could not account for — an amount equal to the entire international aid spending of the developed countries over fifty years. [Emphasis mine]

Toby Ord puts aid spending in perspective.

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