I'm not sure I'd call aid send to some of the world's most impoverished people "wasted" money. I would very much like the US to regain an image as a benefactor nation. $9 Billion dollars will hardly "bankrupt America," especially if, as is the common suspician, US troops will began withdrawal from Iraq prior to the '08 elections. Based on the info in the article, I'd support this move by the President. As far as benefiting the US goes, perhaps you missed this bit: I'm sure you can connect the dots.