pbel
Gold Member
- Feb 26, 2012
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Let's face it you fudged the truth.A link to what? A link that identifies US dollars to Israel? I already addressed that.
What was your point?
Identify where.
You posted:Of these, the aid given to Israel (and nearly all of it) comes back to the US through the purchase of American goods. Furthermore, the joint defense benefits, e.g. R&D, has been extremely beneficial to the US as well. As such, US Foreign Aid to Israel has been symbiotic.
http://www.wrmea.org/congress-and-us...nd-impact.html
By Stephen Zunes
Dr. Zunes is an assistant professor in the Department of Politics at the University of San Francisco
Since 1992, the U.S. has offered Israel an additional $2 billion annually in loan guarantees. Congressional researchers have disclosed that between 1974 and 1989, $16.4 billion in U.S. military loans were converted to grants and that this was the understanding from the beginning. Indeed, all past U.S. loans to Israel have eventually been forgiven by Congress, which has undoubtedly helped Israel's often-touted claim that they have never defaulted on a U.S. government loan. U.S. policy since 1984 has been that economic assistance to Israel must equal or exceed Israel's annual debt repayment to the United States. Unlike other countries, which receive aid in quarterly installments, aid to Israel since 1982 has been given in a lump sum at the beginning of the fiscal year, leaving the U.S. government to borrow from future revenues. Israel even lends some of this money back through U.S. treasury bills and collects the additional interest.
In addition, there is the more than $1.5 billion in private U.S. funds that go to Israel annually in the form of $1 billion in private tax-deductible donations and $500 million in Israeli bonds. The ability of Americans to make what amounts to tax-deductible contributions to a foreign government, made possible through a number of Jewish charities, does not exist with any other country. Nor do these figures include short- and long-term commercial loans from U.S. banks, which have been as high as $1 billion annually in recent years.
Total U.S. aid to Israel is approximately one-third of the American foreign-aid budget, even though Israel comprises just .001 percent of the world's population and already has one of the world's higher per capita incomes.