Just Foreign Policy Iraqi Death Estimator    

Tuesday, January 23, 2007

Exactly how much does israel cost US?



It's neither by hard work, nor by chance that israel has the world's 36th largest economy. 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 [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...

continua / continued

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