Sounds good to me. We shouldn’t be giving them money we don’t have in the first place.

(Gallup) — About 7 in 10 Egyptians surveyed by Gallup in December 2011 oppose U.S. economic aid to Egypt, and a similar percentage opposes the U.S. sending direct aid to civil society groups. This rebuke of U.S. financial support may be a challenge for Egypt’s newly elected parliament and its future president as the government attempts to bolster the nation’s financial stability.

Senior U.S. officials announced in January at the World Economic Forum in Davos, Switzerland, that President Barack Obama plans to speed up aid to Egypt as the nation transitions from the Mubarak era. Congress already approved $1.3 billion in military aid and $250 million in economic aid for the current fiscal year. Some of the conditions attached to this aid, including that it may not be spent unless Egypt meets all obligations under the 1979 Israel-Egypt peace treaty, may help explain its unpopularity in certain Egyptian circles. Some Egyptian activists say such restrictions encroach upon Egypt’s sovereignty.