Source: Independent Institute
by Craig Eyermann
“As a wise man once said, ‘if something cannot go on forever it will stop.’ The incoming Trump administration has determined the federal government’s excessive spending needs to stop. President Trump’s new administration has started by focusing on the federal government’s discretionary spending in general, and with foreign aid in particular. Much of that foreign aid is disbursed through the U.S. Agency for International Development (USAID). I pulled its annual spending numbers for the last eight fiscal years. I also calculated the agency’s average annual spending during both the previous Trump and Biden administrations. This chart shows USAID’s spending exploded during the Biden administration. On average, its spending rose 70%, from $26.38 billion per year during President Trump’s first term to an average of $44.88 trillion during President Biden’s term.” (02/10/25)
https://blog.independent.org/2025/02/10/what-usaid-offers-for-reducing-the-deficit