Wow… Obama Tax, Spend. Foreign Aid Obama pledges to cost $73 billion per year to possibly reduce warming by 0.02 degrees C. Here we go again Foreign Aid - The cold war foreign aid program, 1947–1953 Truman's initiatives were incorporated into the Mutual Security Act (MSA) of 1951, which succeeded the Marshall Plan and offered a new program of economic and, especially, military aid both for Europe and the developing world.
n its first year, for example, the act extended to Europe a combined military and economic package of $1.02 billion; in 1952, as the Korean War ground on, it included $202 million in military support to Formosa (Taiwan) and Indochina. In the wake of National Security Council document NSC 68 of 1950, which had called for large-scale military aid along with an enormous defense buildup, security-related assistance would become a hallmark of the Eisenhower era (1953–1961). Thus, while military assistance had been a little more than a third of the $28 billion in aid that the United States had extended during the Marshall Plan era (1949–1952), during the succeeding eight years, it was almost 50 percent of a larger, $43 billion total. Meanwhile, technical assistance under Point Four went to such countries as Liberia, Ethiopia, Eritrea (where the United States had a large surveillance post), Libya, Egypt, Saudi Arabia, Lebanon, Iraq, Israel, and Iran. Latin America was largely left