Foreign Aid: USA is stingiest of the 22 most developed countries</a>
The USA claims to be, in absolute terms, the world's biggest giver and this is true. However, as a proportion of it's wealth the USA gives least when compared to all 22 of the worlds' most developed countries.
"[Americans] are regularly told by politicians and the media, that America is the world's most generous nation. This is one of the most conventional pieces of 'knowledgable ignorance'. [...For example Japan gives more even in absolute terms...]
Absolute figures are less significant than the proportion of gross domestic product (GDP, or national wealth) that a country devotes to foreign aid. On that league table, the US ranks twenty-second of the 22 most developed nations. As former President Jimmy Carter commented: 'We are the stingiest nation of all'. Denmark is top of the table, giving 1.01% of GDP, while the US manages just 0.1%. The United Nations has long established the target of 0.7% GDP for development assistance, although only four countries actually achieve this: Denmark, 1.01%; Norway, 0.91%; the Netherlands, 0.79%; Sweden, 0.7%. Apart from being the least generous nation, the US is highly selective in who receives its aid. Over 50% of its aid budget is spent on middle-income countries in the Middle East, with Israel being the recipient of the largest single share."
"Why do people hate America?" by Ziauddin Sardar and Merryl Wyn Davies, 2002. p79
Not only that, but according to one source cited by Sarder & Davies, 80% of that aid itself actually goes to American companies in those foreign countries.