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Friday, April 30, 2010

Why do we give Israel so Much Money?


President Obama's Fiscal Year 2010 budget proposes $53.8 billion for appropriated international affairs' programs. From that budget, $5.7 billion is appropriated for foreign military financing, military education, and peacekeeping operations.

From that $5.7 billion, $2.8 billion, almost 50% is appropriated for Israel.[30] Israel also has available roughly $3 billion of conditional loan guarantees, with additional funds coming available if Israel meets conditions negotiated at the U.S.-Israel Joint Economic Development Group (JEDG).


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