Was Washington correct about Foreign Connections?

UN Security Council Chamber in New York.
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At the moment, we are hearing a lot about the foreign aid which goes to nations such as Egypt, but in truth the amount which Congress appropriates for foreign aid is only a fraction of the total budget. Roughly, we are speaking about 30 billion dollars a year. I am unsure if this actually includes sale/donation of military equipment, donations to the U.N. and the such, but under foreign aid, we only see the total which I just mentioned.

As our first President was leaving office, he made a prophetic statement, much like the one Eisenhower left us with concerning the military-industrial complex:

“The great rule of conduct for us, in regard to foreign nations, is in extending our commercial relations to have as little political connection as possible… Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toils of European ambition, rivalships, interest, humor, or caprice?… It is our true policy to steer clear of permanent alliances with any portion of the foreign world.”

So, my question, I reckon, is the same others have asked. Was Washington correct? Should we stop foreign aid (which by the way includes a lot of good things), or maybe just the military aid, and end such permanent alliances such as the United Nations and NATO, et al…?

From here:

2010200920082007200620052004200320022001 Notes
IsraelOne-third of ALL US AID
goes to Israel and Egypt.

These 2 countries receive
one-third of the total
aid, the majority of which
pays for armaments.
Yet, neither is a “developing” country.
Economic Aid (ESF)4007813891202401,5374776001,080838
Military Aid (FMF)2,7752,5502,3812,3402,2801,4482,1472,1002,0401,975
Israel Total3,1752,3312,7702,4602,5202,9852,6242,7003,1202,813
Egypt
Economic Aid (ESF)250200412455495530571615775693
Military Aid (FMF)1,3001,3001,2891,3001,3001,2891,2921,3001,3001,297
Egypt Total1,5501,5001,7011,7581,7951,8191,8631,9152,0751,990
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