If the United States cut ALL foreign aid, would the United States be better off, and would?

the countries that were cut suffer at all? Would the United States be better off financially and morally, and would the money be used to help those in need in the USA? Does the aid actually help the needy in foreign countries or is it used to make their governments even richer?
Update: Lona and Kembek what interesting stories.
Update 2: Joanne A I think you've said what many of us feel.
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