US offers Israel billions in aid
This is INSANE! | 20.03.2003 16:09
The blood price is being paid....
US military aid is a fashion accessory in Tel Aviv
The US has offered $10bn (£6.4bn) to Israel, to bail it out of the worst economic crisis in its history.
Israel's Finance Ministry said the package consisted of $1bn (£640,000m) in direct military aid and $9bn in loan guarantees.
The 30-month-long Palestinian uprising against Israeli occupation and the global economic slowdown have plunged the country into its third year of recession.
Israel - the biggest recipient of US aid worldwide - initially asked for $4bn (£2.5bn) in military aid and $8bn in loan guarantees.
The US will deduct from the loan guarantees any Israeli expenditure on settlement activities in Palestinian areas.
The package, which is part of President George W Bush's war budget, still needs approval by the US Congress.
Economic troubles
US National Security Adviser Condoleezza Rice pledged the aid to Israeli Finance Minister Benjamin Netanyahu on Wednesday.
"Rice told Netanyahu that the (Bush) administration decided to raise the amount of the guarantees by $1bn over what had been planned because the Americans were impressed by the economic plan that has been presented to the government," Israel's finance ministry said in a statement.
Israel's economy contracted by 1% in 2002 after a 0.9% fall in 2001 and the budget deficit is running at 6%, twice the forecast for 2003.
Mr Netanyahu on Monday announced government spending cuts and reductions in the public sector wage to rein in the budget deficit.
Israel already receives $3bn a year from the US, mostly as military aid.
US military aid is a fashion accessory in Tel Aviv
The US has offered $10bn (£6.4bn) to Israel, to bail it out of the worst economic crisis in its history.
Israel's Finance Ministry said the package consisted of $1bn (£640,000m) in direct military aid and $9bn in loan guarantees.
The 30-month-long Palestinian uprising against Israeli occupation and the global economic slowdown have plunged the country into its third year of recession.
Israel - the biggest recipient of US aid worldwide - initially asked for $4bn (£2.5bn) in military aid and $8bn in loan guarantees.
The US will deduct from the loan guarantees any Israeli expenditure on settlement activities in Palestinian areas.
The package, which is part of President George W Bush's war budget, still needs approval by the US Congress.
Economic troubles
US National Security Adviser Condoleezza Rice pledged the aid to Israeli Finance Minister Benjamin Netanyahu on Wednesday.
"Rice told Netanyahu that the (Bush) administration decided to raise the amount of the guarantees by $1bn over what had been planned because the Americans were impressed by the economic plan that has been presented to the government," Israel's finance ministry said in a statement.
Israel's economy contracted by 1% in 2002 after a 0.9% fall in 2001 and the budget deficit is running at 6%, twice the forecast for 2003.
Mr Netanyahu on Monday announced government spending cuts and reductions in the public sector wage to rein in the budget deficit.
Israel already receives $3bn a year from the US, mostly as military aid.
This is INSANE!
Comments
Hide the following 3 comments
surprise surprise at blood tax
20.03.2003 21:24
Israel through its demonic spokesman Sharon says that it reserves the right to use ANY military means to retaliate if during gulfwar amageddon saddam has a scud or whatnot fired at Israel. A direct indication it reserves the right to use a nuke.
2 hours later... Bush gets his spokesman on the phone to offer billions to offset deficit and provide military arms whilst saying it'll continue to ignore the terror being waged in palestine if israel doesnt retaliate if attacked....
we'll give you billions if you leave this to us....
disgusted
to surprise
20.03.2003 22:24
dude
here is the full picture
21.03.2003 01:28
Apart from the astonishingly large sums, it reveals the ways in which the rules are bent.
For instance, grants above a certain size must by law have inspection conditions attached, while loans need not. To avoid these inspections, most money for Israel is classified as loans. But an extra little law states that these are special loans, which need never be repaid. Technically loans, but in fact concealed gifts.
This is done for no other state, and effectively hoodwinks US citizens into thinking they are giving less than they actually are.
Read it - there are many other similarly startling revelations.
Here it is :
fred
Homepage:
http://fas.org/man/crs/IB85066.pdf