President Costanza Strikes Again

President Obama has recently decided to cut back on the roughly $1.3 billion in foreign aid we give to Egypt.  The U.S. is not going to send to Cairo some F-16s; some AH-64 Apache helicopters; some M-1/A-1 tank kits; and some Harpoon missiles.  Also, the U.S. is not going to transfer $260 million in cash to the Egyptian government.  The U.S. is also not proceeding with a $300 million loan guarantee.  If this were five months ago, I would be supportive of this move.  In a column from February, I evaluated the logic of continuing to give foreign aid to Egypt and determined that the U.S. should not continue to fund the Muslim Brotherhood (MB) regime of Egypt.  I reached that position based on two broad elements: 1) the characteristics and actions of the MB regime; and 2) the economic viability of the Egyptian state.  The MB is a violent, fascist, anti-Western, anti-Semitic, and anti-Christian group.  During their year in power, the MB showed...(Read Full Article)

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