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Pandora, this is not true.  I just searched for the quote - it comes from some anonymous contributor to WkiAnswers.  It's worthless.


The only reason we give money to Egypt is as a bribe to get them to make peace with Israel.  We shouldn't have to bribe Egypt, Israel should deserve the peace by compromising more.  The only foreign aid I favor is aid to genuinely poor countries (though I understand some economists think this aid is counterproductive).


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