Here are two surprising facts. First, the average American estimates that over 25% of the U.S. federal budget goes to foreign aid. That is wildly off. It is actually only 1% of the federal budget, or $35 billion for all nonmilitary assistance. Second fact: just 1% of that 1% goes toward promoting entrepreneurship.
Why is that surprising? Because entrepreneurship reliably generates jobs, and joblessness — especially among young people or failing states – is probably one of the most significant root causes of the unrest and extremism vexing American foreign policy and threatening American security today.
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