John W. McArthur, Chief Executive of The Millennium Promise, published a letter in the Financial Times last month comparing the $4 billion bonuses for Merryl Lynch employees to the $5 billion total aid budget for sub-Saharan Africa in 2008. Emphasizing his stance on the issue of foreign aid, he commented;
"Let us not forget these numbers the next time we are told there is no money left to support the poorest people on the planet. In a time of trillion-dollar deficits and $900bn stimulus packages, $4bn may seem like rounding error. But when considered against the money we spend to support the world's poorest people, it simply makes no sense."
Source: Financial Times
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