Thread: Obama pledges $2.77B for Israel in 2010

As the single largest expense of the 2010 foreign aid budget, President Obama approved $2.775 billion in military aid to Israel, the first payment in a decade-long commitment that will reach at least $30 billion.

Last year, Israel’s military budget amounted to $13.3 billion, so the US funding is a significant portion of their overall expenditure. The US formerly provided both military and civilian aid, but it has since been folded entirely into military aid, at Israel’s request.
The money is not a blank check, however. The US requires that Israel spend at least 75% of the money given in military aid with US military contractors, effectively using the foreign aid budget to subsidize domestic weapon-makers.

In addition to military aid, the US also provides $3.148 billion in loan guarantees to Israel, part of a Treasury Department program aimed at keep Israel’s debt manageable. Ironically, though the US budget is spiraling out of control and America’s own debt continues to rise, there was no serious debate of reducing aid to Israel.

The budget also pledges $500 million in American aid to the Fatah Party’s Palestinian Authority. This aid is con
tingent on certain requirements, including that the group recognize Israel. This funding is distinct from any funding the CIA may give the Palestinian Authority’s security forces, which would be secret.

The budget also pledges $500 million in American aid to the Fatah Party’s Palestinian Authority. This aid is con
tingent on certain requirements, including that the group recognize Israel.

Well the rest of the article is pretty outragous already. But this part caught my eye. We give them money. So they say that Israel is a nation, while Palestine, itself, is not a nation. Wonderful!

and who/what is going to hold FPPA responsible for keeping that agreement? Sure, we recognize it? How much explosives does $500 mil buy again?

Lets just keep spending money on pointless shit why dont we... We are already in debt enough.

Now we see the REAL side of Obama!

This "Change" he says, is for the bad.

Originally Posted by K0nTANK3Rous

and who/what is going to hold FPPA responsible for keeping that agreement? Sure, we recognize it? How much explosives does $500 mil buy again?

Well it depends on which way you want to go. 40 million for an f-22 so you could get 12 and 13 tommahawks at 1.5 million per and have some left over for a really good dinner. Or you can get 266 Strykers at 1.877 million a piece and still have some chump change to buy small arms with. Of course those are using figures that they spend all of it buying weapons.

Money well spent. Now all we have to do is see what other retarded ass tax he can hit us with again to pay for it.
Obama=fucking retard that obviously never had to figure out how a check book works. Somebody please get this guy a helmet and a bib.

Money well spent. Now all we have to do is see what other retarded ass tax he can hit us with again to pay for it.
Obama=fucking retard that obviously never had to figure out how a check book works. Somebody please get this guy a helmet and a bib.

x 2

Outrage on spending money we dont have is the biggest problem, but then to give aid to a group that isnt even a country baffles me. At least a country has the rest of the world, UN etc., keeping tabs on it. The FATA party gimmea fucking break, he is just trying to apease people trying to not leave anyone out.

What an ass, spend some more of our future with the rest of the pork projects and bank bailouts. It was said that with the money spent on bailing out banks you could send every child in the united states in high school right now to any four year university for the entire lenght of the education. At least these free rides would be doing some people some good.

Instead he chooses to not let capitalism run its coarse, that being failure, a necessary part of capitalism's success; and bail out bankers.

Nice policies...Change huh? Ya for the worse!

Smoke