Tom Tancredo: “Mr. Speaker, there is another issue when we talk about spending and deficits that I think is intriguing. We just passed…”

“Mr. Speaker, there is another issue when we talk about spending and deficits that I think is intriguing. We just passed last week the foreign operations bill. This is most often referred to as the foreign aid bill. There is an interesting aspect of this particular spending plan that really deserves our attention here, and I think we seldom ever address it. It is this: That beyond the money that we appropriate in that bill for governments all over the world, most of them, unfortunately, corrupt, and much of the money, of course, as we know, does not get to the intended individuals that most desperately need it, but we, nonetheless, distribute moneys to countries all over the world in the form of foreign aid. But most people I think do not understand or know that a great deal of wealth is also transferred in another way from the United States to other countries, and this is by the process of what is called remittances.”