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Harry's Place: Out of Power, Going Bonkers

499
Ben Hur9/23/2009 12:19:25 pm PDT

re: #491 Ben Hur

The US doesn’t send $ to Israel.

It guarentees loans for Israel.

With the usual strings that the money loaned must be used exclusively to by American military equipment.

So it’s basically the US gov subsidizing the US military through Israel.

In the past, the US encouraged Israel to start it’s own military industry, which now competes with the US, so the US tries to curb some of it.

I might add that Israel had NEVER defaulted on the above mentioned loans and doesn’t need Bono’s debt relief.