Howard gets it right
John Howard’s response to the tsunami catastrophe has been exactly what I would have (and in fact did) advocate. I’m sure there is some fine print, but a billion dollars is a big commitment. Assuming it’s all new money, it will roughly double our aid/GDP ratio. Even if some of it isn’t new, it’s a big effort.
Update As pointed out by PeterL in comments, my holiday mental arithmetic is out by a factor of ten – current aid is about $1.5 billion per year, and the package is $200m per year