ecember 13, 1957, and which may be the most sinister step ever
taken by the internationalist foreign-aid lobby.

In 1956, when President Eisenhower requested an appropriation of
$4,860,000,000 for foreign aid, he asked Congress to authorize foreign
aid commitments for the next ten years. Congress refused the ten-year
plan. In 1957, the internationalists' ideal of a _permanent_
authorization for foreign aid was wrapped up in the Development Loan
Fund scheme.

Only a few Congressmen raised any question about it. Below are passages
taken from the _Congressional Record_ of July 15, 1957, the day the
Development Loan Fund was discussed in the House.

Congressman A. S. J. Carnahan (Democrat, Missouri) floor manager for the
Foreign Aid Bill, rose to explain Section 6, which established the
Development Loan Fund, saying:

"The United States, in order to provide effective assistance [to
all underdeveloped countries of the world] ... must have available
a substantial fund upon which it can draw. The fund must be large
enough so that all of the underdeveloped nations of the free world
will feel that they will have an opportunity to participate in it.

"We cannot wisely say that we should make a small amount available
the first year and see how things work out. If we are able to offer
assistance only to the select few, we will inevitably antagonize
many other countries whose future friendship and cooperation will
be important to us ... in addition to an initial authorization of
an appropriation of $500 million, the bill includes authorization
for borrowing from the Treasury $500 million beginning in fiscal
1959, and an additional $500 million beginning in fiscal 1960."

Thus, Congressman Carnahan, arguing for foreign aid, outlined some of
the absurd fallacies of foreign aid: namely, if we give foreign aid at
all, we must provide enough so that every foreign government in the
world will always be able to get all it wants. We can exercise no choice
in whom we give or lend our money to. If we give only "to the select
few" we offend all others.

Congressman H. R. Gross (Republican, Iowa) asked a question:

"What interest rate will be charged upon the loans that are to be
made?"

Congressman Carnahan:

"The legislation does not designate the interest rate."

Mr. Gross:

"What will be the length of the loan to be made?"

Mr. Carnahan: