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Thread: US offers Israel billions in aid

  1. #1
    Guest
    US offers Israel billions in aid

    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.

  2. #2
    Guest
    US offers Israel billions in aid

    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.

  3. #3
    Guest
    Well Picker, if you're not content how these country is run, and you're an USC, there's always an option to run for a public office and actually try to make a difference instead of just griping about it. There's also the option to leave and renounce your citizenship to join other country, whenever you feel like it.
    If you're not a USC, but do live in the US, well you're bound by the law of the land, whether you like it or not. You're also free to go if you don't like it.

    If you don't live in the US, then off course you're free to critize all you want, but of course it won't make a difference in the US.

  4. #4
    Guest
    Americans should stop meddling in the internal affairs of Israel. Americans know nothing. Without American interference, we could have wiped out Palestinian Moslems and Christians long time ago from the face of earth. Long live Israel. We don't need American interference.

  5. #5
    Guest
    Next time check your stats before accusing other people of ignorance, because it easily backfired to show off your own stupidity and ignorance. The proposed aid package to Turkey for the use of their land for ground force is approx $6 Billions in aids, and about $17-20 Billions in loan. Bush administration estimate the cost of war is about 100-200 Billions providing the war ended quickly. Most expert agree, thats a very low estimate, the actual cost can exceed it by far.

    You claimed that the country was in surplus when Bush wasn't in power. Well, in case you have selective amnesia, the stock market has crashed, and the economy is in recession now, wiping out most of the projected surplus (and it already happens before Bush is in power). The war on terror after what happen on 9/11 also place more strain on the budget.


    So what if your tax money goes to that? So is mine and millions under taxpayers. Its the cost of living in this country. If you don't like the policy, then vote for people that share your view. That's how democracy works.
    The Gallup Poll indicates the majority of the American's people support the war on Iraq

    http://www.gallup.com/poll/specialRe...s/sr030224.asp

    If your view is not shared by the majority, don't start crying foul and claim everyone else that doesn't your share your view as being stupid. People will simply label you as a sore loser.


    My personal opinion is that this war seems more like a waste of resources, resources that can be use to help the economy instead. But thats my view. There're other views out there in support of war. Statistic shows that after engaging in war, economy does shown a modest improvement. Maybe thats what Bush really after. Maybe its for the oil, to support American industry, business and lifestyle. Maybe its to remove a dictator who can build a nuclear device and then set it off in downtown NYC and cost millions of American lives. Who really knows? Are you willing to wait to see if that actually happens before you react? Clinton's administration did that to a lesser extent (not eliminating Bin Laden/Al-Qaeda ASAP) and the cost is 9/11. You don't know all the fact, yet you just bashed the government, congress, and the american people themselves (who majority happens to disagree with you) just because you think this is a useless act. Quite a narrow minded mind you have in there.

    Then again, its a free country. Even those kind of people have rights to utter their bitterness . As much right as for others to label them as fools, or ignore them alltogether.

  6. #6
    Guest
    Israel can survive without American meddling and money. Stupid Bush White House giving money for Palestinian state. Sharon can crush the all of Palestinians right now. Stop the ******* White House from trying to dictate Sharon. No Palestian state. Long live Sharon.

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