One benefit Netanyahu got from his visit with Obama was more weapons, as long as Israel holds off attacking Iran until 2013, which, as you and Mr. Obama know, is after our elections. The weapons will include some advanced types such as bunker-busting bombs and long-range refueling planes.
You may know that about half of our military aid goes to Israel; its share amounts to $3 billion a year. Israel gets to do things with this money that most nations cannot. For example, they get the $3 billion in a form that it can be deposited into an interest-bearing account with the Federal Reserve Bank. The interest, collected by Israel on its military aid balance, is used to pay down debt from earlier Israeli non-guaranteed loans from the United States. Furthermore, about 25 percent of the money can be used to buy arms from Israeli companies; Israel is unique in having that privilege.
1 comment:
I really don't know why they don't just declare themselves the fifty-first state of the Union. They seem to get more federal benefits than all the other states.
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