Point/Counterpoint: On the Question of US Aid, Who Gains the Most?- ▻http://www.acus.org/egyptsource/pointcounterpoint-question-us-aid-who-gains-most
While the public bemoans the amount of aid given Egypt over the years, the $1.3 billion has largely benefited both US corporations and US strategic interests in the region; namely maintaining regional stability (i.e. peace with Israel); maintaining the strategic partnership with the Egyptian military; and ensuring the continued preferential treatment US ships—both military and commercial—receive at the Suez Canal. Suspending aid would not only deny the United States these benefits, it would also allow the Egyptian government to offer them to the highest bidder. There are other superpowers who are all too willing to pay a lot more to replace the United States, and many who would not be as concerned with regional stability.
On top of all of this, if the United States wishes to resume aid relationships after a new Egyptian president is elected, it would then have to renegotiate an aid package, at a time when $1.3 billion is no longer as impressive as it was in 1978. The Gulf countries (Kuwait, Saudi, and the United Arab Emirates) gave Egypt $15 billion in aid in one day last week. Advocates of cutting United States aid should consider how much bigger Egypt’s aid package would be if such a renegotiation were to take place. The United States will have very little to gain from this, unlike Egypt, which is why, as an Egyptian, I will gladly join the US voices calling for the suspension of aid. Please do it, we dare you, and see where it gets you.