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-Caveat Lector- US $$$$ TO ISRAEL, Part IIJon RappoportAugust 24, 2004From the December 9, 2002, edition of the Christian Science Monitor --- stats on what aid to Israel costs the US --- a controversial assessment by Thomas Stauffer is cited:
Economist tallies swelling cost of Israel to USby David R. Francis (Staff writer of The Christian Science Monitor)
Since 1973, Israel has cost the United States about $1.6 trillion. If divided by today's [US] population, that is more than $5,700 per person [American]. This is an estimate by Thomas Stauffer, a consulting economist in Washington. For decades, his analyses of the Middle East scene have made him a frequent thorn in the side of the Israel lobby...[jr: okay let's say Stauffer is so far off it's incredible, and the real aid figure is not even close to 1.6 trillion....let's say it's, oh, 130 billion...]
"...Considering Israel's deep economic troubles, Stauffer doubts the Israel bonds covered by the loan guarantees will ever be repaid [to the US]..."
..."There are approximately 9,500 pension funds, 3,500 banks, 1,500 labor unions, and 500 insurance companies in the United States that invest in Israel Bonds. School districts, municipalities, and other large institutions also purchase them. One of the largest sources of institutional investment capital in Israel is from U.S. pension funds through the purchase of Israeli government bonds..."
Assuming the figures in the above paragraph are close to correct, think about the size and range of the ongoing effort to get these organizations to buy bonds and, in effect, give support to the government of Israel and its policies.
Okay. Here is an excerpt from a piece found at the site, Global Exchange:
"Here are just a few reasons why it's time to divest from Israel Bonds: U.S. Financial Aid To Israel: Figures, Facts, and Impact"
"Summary Benefits to Israel of U.S. Aid Since 1949 (As of November 1, 1997) Foreign Aid Grants and Loans $74,157,600,000
"Other U.S. Aid (12.2% of Foreign Aid) $9,047,227,200
"Interest to Israel from Advanced Payments $1,650,000,000"
"Grand Total $84,854,827,200
"Total Benefits per Israeli $14,630
"Cost to U.S. Taxpayers of U.S.Aid to Israel Grand Total $84,854,827,200
"Interest Costs Borne by U.S.$49,936,680,000 [jr: hello? this means the US government is borrowing in order to pay $$ to Israel, and must then pay interest on that borrowing]
"Total Cost to U.S. Taxpayers $134,791,507,200 [$134.7 billion]
"Total [US] Taxpayer Cost per Israeli $23,240"
And finally, here is a tidbit from the WASHINGTON REPORT ON MIDDLE EAST AFFAIRS:
Special Reports: Congress Watch:A Conservative Total for U.S. Aid to Israel: $91 Billion - and Counting
"...Congressional researchers have disclosed that between 1974 and 1989, $16.4 billion in U.S. military loans were converted to grants [outright gifts] and that this was the understanding from the beginning. Indeed, all past U.S. loans to Israel have eventually been forgiven by Congress, which has undoubtedly helped Israel's often-touted claim that they have never defaulted on a U.S. government loan..."
Forgiving loans? Borrowing in order to make loans? 134 billion?
And, as far major US media are concerned, all this is mostly flying under the radar.
There is virtually no debate in Congress about these billions in gifts to Israel.
Poof. Gone.www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substanceânot soap-boxingâplease! These are sordid matters and 'conspiracy theory'âwith its many half-truths, mis- directions and outright fraudsâis used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply.
JON RAPPOPORT www.nomorefakenews.comLet us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at:
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