We currently give billions to foreign nations that either do not need it, or if they do need it then it is swallowed up by their politicians and never helps the people it was intended for. Africa should be one of the richest continents on the planet with more natural resources than anywhere else on the planet, but most of the nations there are in extreme poverty. Some of this can be attributed to Western interference, but most is just plain old political and religious corruption.
It is our belief that charity begins at home, and that is where it should stop. At least until we're a prosperous nation again, anyway.