According to the Congressional Research Service , the amount of official US aid to Israel since its founding in 1948 tops $118 billion, and in the past few decades it has been on the order of $3.1 billion per year.[6] (In 2013, for example, this amounted to $8.5 million every single day.) But this money is only part of the story. For one thing, Israel gets all of its aid money at the start of each year, rather than in quarterly installments like other countries.[7] This is significant: It means that Israel can start earning interest on the money right away – interest paid by the US since Israel invests these funds in US Treasury notes. In addition, because the US government operates at a deficit, it must borrow money in order to give it to Israel and then pay interest on it all year. Together these cost US taxpayers more than $100 million every year. Israel is also the only recipient of US military aid that is allowed to use a significant portion annually to purchase products made by Israeli companies instead of US companies. In addition, on top of the $3.2 Billion the US taxpayer hands out annually, and ignoring Detroit, still more is handed out with an additional $205 million is given to the parasites to support the Iron Dome, manufactured by Israels state-owned Raphael Advanced Defense Systems Ltd. The system uses small radar-guided missiles to blow up in midair Katyusha-style rockets with ranges of 3 miles to 45 miles, as well as mortar bombs… Legislation moving through the Republican-controlled US House of Representatives would give Israel additional $680 million for the Iron Dome system through 2015.
Posted on: Wed, 13 Aug 2014 20:46:36 +0000
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