As US Approaches Record Deficit, Israel Asks for Record Handout
The request would work out to almost $21 million per day from American taxpayers, even as the U.S. is approaching a $4 trillion deficit (the largest in the world), and Israel typically has a lower unemployment rate than the United States.
This would work out to almost $21 million per day from American taxpayers, even though the U.S. is approaching a $4 trillion deficit (the largest in the world), and Israel typically has a lower unemployment rate than the United States.
Egozi’s article states that because of the coronavirus pandemic, “Israel’s Ministry of Defense and high command have hammered out an emergency plan for an appeal to Washington.”
The article, which carries a Tel Aviv dateline, reports: “Sources here say the COVID-19 pandemic is forcing Israel to ask Washington to make major changes to the [aid] agreement, including a request to receive the annual allocation $3.8 billion earlier than planned.”
U.S. aid to Israel is normally disbursed in October, in a lump sum that is deposited to an interest-bearing Israeli account in the New York Federal Reserve Bank. (Since the U.S. has been operating at a deficit, this means that the U.S. government borrows the money and pays interest on it long after it has gone out.)
$14,000 per minute
In addition to receiving the aid earlier than usual, a “senior source” quoted by Egozi suggests that Israel may request that the aid expected for 2024 also be disbursed this year.
If that happens, it would work out to nearly $21 million per day, or $14,460 per minute to Israel from American taxpayers suffering from a devastating hit to the U.S. economy.
Moreover, it is highly likely that when 2024 comes around, the advance would be forgiven, as have numerous U.S. “loans” to Israel, and Israel would get the aid again.
The current aid to Israel is based on a 2016 agreement by the Obama Administration to give Israel $3.8 billion annually for the next 10 years – a total of $38 billion, touted as the largest such aid package in U.S. history. Overall, Israel has received more U.S. aid than any other country, on average, 7,000 times more per capita than others.
While the Obama Memorandum of Understanding (MOU) is a non-binding agreement, Israel has received this sum every year since it was signed. Israel advocates in Congress are currently seeking to cement it into a law that would permit this amount to go even higher in the future.
A ‘wild idea’
Egozi reports that the former president of Israel Aerospace Industries, Joseph Weiss, said asking for the money ahead of time is “a wild idea,” but said it “makes sense in the special conditions created [in Israel] by the pandemic.”
However, it’s unlikely that this would make equivalent sense to Americans, who have been at least as hard hit by the pandemic.
Over 26 million Americans so far have lost their jobs, and many U.S. companies are facing bankruptcy. A comment below Egozi’s article suggests how Americans would respond to a massive outlay to Israel this year:
Why do Americans put up with all this money going to Israel when millions of them have no healthcare, no job, and are eating from food banks?”
To deflect such outrage, Israel partisans in the U.S. typically defend the aid by saying that it eventually goes to U.S. defense companies. However, they fail to mention that millions of dollars go to Israeli companies that compete with American businesses, often leading to job losses in the U.S. No other country receiving U.S. military aid is allowed to do this.
In addition, many Americans feel that Israel should use its own money to purchase its weaponry, as the U.S. does. They point out that if Americans wished to subsidize weapons companies, the U.S. government could simply purchase items for American use.
An administration official recently said that Israel would not need to worry about money “even if there is a depression.”
Triple the normal amount
A critic of the aid, former CIA officer Philip Giraldi, points out that Israel is not an ally, and that it has often “done damage to the United States.”
Giraldi, who is currently executive director of the Council for the National Interest (CNI), notes that Israel often spies on the U.S. and has stolen American technology. It also tried to sink a U.S. Navy ship, killing 34 Americans and injuring over 170.
Giraldi feels that Egozi’s article is unclear and suggests that Israel may ask for even more money this year. He says he “would not be surprised” if they seek advances for additional years, receiving possibly triple the normal amount.
Giraldi is asking people to sign a petition by CNI calling on Congress to “stop the money to Israel.” The petition states:
…We need to take care of Americans and not send our tax money to a wealthy foreign country. Israel has already received billions of dollars from American taxpayers. It has received over $10 million per day, year after year. This year it’s time to keep our money home.”
Comment from Joe –
Remember, all US foreign aid is ILLEGAL !
report from investment watch
Hard to believe, but look it up on Congress website for HR 748 from 116th Congress.
American population: 330,483,530
Stimulus bill: $2,000,000,000,000
Dividing the cost by every person in America is $6,051.74
The government could have given every person over $6,000, but instead will give $1,200 to each adult under a certain income.
Wanna know where the missing 96% of your tax dollars went?
$300,000,000 for Migrant and Refugee Assistance pg 147
$10,000 per person for student loan bailout
$100,000,000 to Nasa, because, who knows why.
$20,000,000,000 to the USPS, because why the hell not
$300,000,000 to the Endowment for the Arts – because of it
$300,000,000 for the Endowment for the Humanities/ because no one even knew that was a thing
$15,000,000 for Veterans Employment Training / for when the GI Bill isn’t enough
$435,000,000 for mental health support
$30,000,000,000 for the Department of Education stabilization fund/ because that will keep people employed
$200,000,000 to Safe Schools Emergency Response to Violence Program
$300,000,000 to Public Broadcasting / NPR has to be bought by the Dems
$500,000,000 to Museums and Libraries / Who the hell knows how we are going to use it
$720,000,000 to Social Security Admin / but get this only 200,000,000 is to help people. The rest is for admin costs
$25,000,000 for Cleaning supplies for the Capitol Building / I shit you not it’s on page 136
$7,500,000 to the Smithsonian for additional salaries
$35,000,000 to the JFK Center for performing Arts
$25,000,000 for additional salary for House of Representatives
$3,000,000,000 upgrade to the IT department at the VA
$315,000,000 for State Department Diplomatic Programs
$95,000,000 for the Agency of International Development
$300,000,000 for International Disaster Assistance
$90,000,000 for the Peace Corp pg 148
$13,000,000 to Howard University pg 121
9,000,000 Misc. Senate Expenses pg 134
$100,000,000 to Essential Air carriers pg 162 This of note because the Airlines are going to need billions in loans to keep them afloat. $100,000,000 is chump change
$40,000,000,000 goes to the Take Responsibility to Workers and Families Act This sounds like it’s direct payments for workers. Pg 164
$1,000,000,000 Airlines Recycle and Save Program pg 163
$25,000,000 to the FAA for administrative costs pg 165
$492,000,000 to National Railroad Passenger Corporation (Amtrak) pg 167
$526,000,000 Grants to Amtrak to remain available if needed through 2021 pg 168 (what are the odds that doesn’t go unused)
Hidden on page 174 the Secretary has 7 days to allocate the funds & notify Congress
$25,000,000,000 for Transit Infrastructure pg 169
$3,000,000 Maritime Administration pg 172
$5,000,000 Salaries and Expensive Office of the Inspector General pg 172
$2,500,000 Public and Indian Housing pg 175
$5,000,000 Community Planning and Development pg 175
$2,500,000 Office of Housing
What DOES ALL of this have to do with the Virus?
Are you angry yet?