Recent polls show that, on average, we believe 28% of the federal budget is eaten up by it, and that, in a time of austerity, this gigantic bite of the budget should be cut back to 10%. In actual fact, barely 1% of the federal budget goes to foreign aid of any kind.

In this case, however, truth is at least as strange as fiction. Consider that the top recipient of U.S. foreign aid over the past three decades isn’t some impoverished land filled with starving kids, but a wealthy nation with a per-head gross domestic product on par with the European Union average, and higher than that of Italy, Spain, or South Korea.