As dire budget cuts loom with sequestration – a projected $2.6 billion in cuts for the State Department, including $850 million from daily operations – Kerry defended his agency’s spending, stressing that the entire U.S. foreign policy budget is only slightly more than 1 percent of the national budget.“It sounds expensive, but, my friends, it’s not,” Kerry said. “The State Department’s conflict stabilization budget is around $60 million a year. That’s how much the movie ‘The Avengers’ took in on a single Sunday last May. The difference is, the folks we have on the ground are actual superheroes.”Kerry was particularly protective of foreign aid, which is often among the first items on the chopping block in tough times. The State Department projects roughly $1.7 billion in cuts to foreign aid under the mandatory budget cuts. Kerry lauded the fact that 11 of the top 15 U.S. trade partners were former recipients of U.S. assistance and said the money must continue to flow, as an investment, in order to grow a new crop of beneficiaries-turned-economic allies.