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> Fun fact: Egypt is our #3 recipient of foreign aid...The US government gives Egypt $1.5 Billion every year. The US government gives Egypt foreign aid because
by michaelkeenan 16y ago
> Fun fact: Egypt is our #3 recipient of foreign aid...The US government gives Egypt $1.5 Billion every year.
The US government gives Egypt foreign aid because that is part of the agreement of the 1979 Egypt-Israel Peace Treaty[1], when Egypt became the first Arab country to officially recognize Israel.
I don't know enough about the overall situation to have an opinion, but it does seem at least plausible to me that buying peace with foreign aid might be a good thing (albeit a distasteful moral-hazard-prone good thing).
[1] http://en.wikipedia.org/wiki/Egypt%E2%80%93Israel_Peace_Treaty http://en.wikipedia.org/wiki/Egypt%E2%80%93Israel_Peace_Trea...