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THE COST OF ISRAEL TO THE US

by mkj Tuesday, Apr. 29, 2003 at 8:57 AM

this is an article that was up on the cs monitor website plz read and leave comments Title: Economist tallies swelling cost of Israel to US Author: David R. Francis Publisher: The Christian Science Monitor Date: Dec 9, 2002 Copyright © 2002, The Christian Science Monitor

i got this article from the cs monitor website hope they dont get mad maybe this will allieviate their pains

the link to the article is:

http://www.csmonitor.com/2002/1209/p16s01-wmgn.html

and maybe this will take away even more pain:

Title: Economist tallies swelling cost of Israel to US

Author: David R. Francis

Publisher: The Christian Science Monitor

Date: Dec 9, 2002

Copyright © 2002, The Christian Science Monitor



Economist tallies swelling cost of Israel to US

By David R. Francis | Staff writer of The Christian Science Monitor

Since 1973, Israel has cost the United States about .6 trillion. If divided by today's population, that is more than ,700 per person.

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.

For the first time in many years, Mr. Stauffer has tallied the total cost to the US of its backing of Israel in its drawn-out, violent dispute with the Palestinians. So far, he figures, the bill adds up to more than twice the cost of the Vietnam War.

And now Israel wants more. In a meeting at the White House late last month, Israeli officials made a pitch for billion in additional military aid to defray the rising costs of dealing with the intifada and suicide bombings. They also asked for more than billion in loan guarantees to help the country's recession-bound economy.

Considering Israel's deep economic troubles, Stauffer doubts the Israel bonds covered by the loan guarantees will ever be repaid. The bonds are likely to be structured so they don't pay interest until they reach maturity. If Stauffer is right, the US would end up paying both principal and interest, perhaps 10 years out.

Israel's request could be part of a supplemental spending bill that's likely to be passed early next year, perhaps wrapped in with the cost of a war with Iraq.

Israel is the largest recipient of US foreign aid. It is already due to get .04 billion in military assistance and 0 million in economic aid in fiscal 2003. It has been getting billion a year for years.

Adjusting the official aid to 2001 dollars in purchasing power, Israel has been given 0 billion since 1973, Stauffer reckons. In addition, the US has given Egypt 7 billion and Jordan billion in foreign aid in return for signing peace treaties with Israel.

"Consequently, politically, if not administratively, those outlays are part of the total package of support for Israel," argues Stauffer in a lecture on the total costs of US Middle East policy, commissioned by the US Army War College, for a recent conference at the University of Maine.

These foreign-aid costs are well known. Many Americans would probably say it is money well spent to support a beleagured democracy of some strategic interest. But Stauffer wonders if Americans are aware of the full bill for supporting Israel since some costs, if not hidden, are little known.

One huge cost is not secret. It is the higher cost of oil and other economic damage to the US after Israel-Arab wars.

In 1973, for instance, Arab nations attacked Israel in an attempt to win back territories Israel had conquered in the 1967 war. President Nixon resupplied Israel with US arms, triggering the Arab oil embargo against the US.

That shortfall in oil deliveries kicked off a deep recession. The US lost 0 billion (in 2001 dollars) of output as a result, Stauffer calculates. And a boost in oil prices cost another 0 billion.

Afraid that Arab nations might use their oil clout again, the US set up a Strategic Petroleum Reserve. That has since cost, conservatively, 4 billion, Stauffer reckons.

Other US help includes:

• US Jewish charities and organizations have remitted grants or bought Israel bonds worth billion to billion. Though private in origin, the money is "a net drain" on the United States economy, says Stauffer.

• The US has already guaranteed billion in commercial loans to Israel, and 0 million in "housing loans." (See editor's note below.) Stauffer expects the US Treasury to cover these.

• The US has given .5 billion to support Israel's Lavi fighter and Arrow missile projects.

• Israel buys discounted, serviceable "excess" US military equipment. Stauffer says these discounts amount to "several billion dollars" over recent years.

• Israel uses roughly 40 percent of its .8 billion per year in military aid, ostensibly earmarked for purchase of US weapons, to buy Israeli-made hardware. It also has won the right to require the Defense Department or US defense contractors to buy Israeli-made equipment or subsystems, paying 50 to 60 cents on every defense dollar the US gives to Israel.

US help, financial and technical, has enabled Israel to become a major weapons supplier. Weapons make up almost half of Israel's manufactured exports. US defense contractors often resent the buy-Israel requirements and the extra competition subsidized by US taxpayers.

• US policy and trade sanctions reduce US exports to the Middle East about billion a year, costing 70,000 or so American jobs, Stauffer estimates. Not requiring Israel to use its US aid to buy American goods, as is usual in foreign aid, costs another 125,000 jobs.

• Israel has blocked some major US arms sales, such as F-15 fighter aircraft to Saudi Arabia in the mid-1980s. That cost billion over 10 years, says Stauffer.

Stauffer's list will be controversial. He's been assisted in this research by a number of mostly retired military or diplomatic officials who do not go public for fear of being labeled anti-Semitic if they criticize America's policies toward Israel.

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LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 65 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
here is what i think mkj Tuesday, Apr. 29, 2003 at 8:59 AM
Cost Publican Tuesday, Apr. 29, 2003 at 10:48 AM
Let the Zionists Y.A. Tuesday, Apr. 29, 2003 at 11:22 AM
wee Smarmster Tuesday, Apr. 29, 2003 at 11:29 AM
Yo Smarmster Y.A. Tuesday, Apr. 29, 2003 at 11:32 AM
This is all fine and good fresca Tuesday, Apr. 29, 2003 at 6:33 PM
What synagogue do you attend fascist fresca? systemfailure Tuesday, Apr. 29, 2003 at 6:40 PM
Huh fresca Tuesday, Apr. 29, 2003 at 7:10 PM
Oh and BTW fresca Tuesday, Apr. 29, 2003 at 7:12 PM
wow wow Tuesday, Apr. 29, 2003 at 7:59 PM
Hmm...... systemfailure Tuesday, Apr. 29, 2003 at 8:01 PM
Oh, of course fresca Tuesday, Apr. 29, 2003 at 8:39 PM
OneEyedMan KPC Tuesday, Apr. 29, 2003 at 8:48 PM
Hmm fresca Tuesday, Apr. 29, 2003 at 8:57 PM
OneEyedMan KPC Tuesday, Apr. 29, 2003 at 9:06 PM
Palestinian Aid Luke Tuesday, Apr. 29, 2003 at 9:07 PM
Smarmster hurls a harald Smarmster Tuesday, Apr. 29, 2003 at 9:10 PM
Fascist fresca systemfailure Wednesday, Apr. 30, 2003 at 12:37 AM
hmm UN israel and palestine Wednesday, Apr. 30, 2003 at 2:21 AM
To the above poster daveman Wednesday, Apr. 30, 2003 at 2:45 AM
Stuck your foot in that one fresca Wednesday, Apr. 30, 2003 at 6:34 AM
fresca fresca Wednesday, Apr. 30, 2003 at 7:07 AM
The UN and reasons not to support fascist Israel systemfailure Thursday, May. 01, 2003 at 12:24 AM
But wait theres more........ systemfailure Thursday, May. 01, 2003 at 12:35 AM
You mean the same UN that... daveman Thursday, May. 01, 2003 at 7:27 AM
OneEyedMan` KPC Thursday, May. 01, 2003 at 7:28 AM
And Chechnya and Tibet and Rwanda and Cuba... daveman Thursday, May. 01, 2003 at 7:42 AM
It was always and only... Diogenes Thursday, May. 01, 2003 at 7:50 AM
I'm but a mere... daveman Thursday, May. 01, 2003 at 8:25 AM
But Downonhisknees... daveman Thursday, May. 01, 2003 at 8:29 AM
The continued lie... Diogenes Thursday, May. 01, 2003 at 8:36 AM
I did not post that. Diogenes Thursday, May. 01, 2003 at 8:54 AM
Wow. daveman Thursday, May. 01, 2003 at 8:55 AM
The Shills are getting... Diogenes Thursday, May. 01, 2003 at 8:55 AM
Have you seen my... daveman Thursday, May. 01, 2003 at 9:03 AM
Diogenes did not post the above. Sheepdog Thursday, May. 01, 2003 at 9:04 AM
GASP! daveman Thursday, May. 01, 2003 at 9:06 AM
Okay, it's not a lie... daveman Thursday, May. 01, 2003 at 9:17 AM
you didn't read my post daveman Thursday, May. 01, 2003 at 9:30 AM
Yes, I read your post. daveman Thursday, May. 01, 2003 at 9:35 AM
magic button mkj Thursday, May. 01, 2003 at 9:39 AM
oh, davey boy...... systemfailure Thursday, May. 01, 2003 at 2:18 PM
completefailure daveman Friday, May. 02, 2003 at 12:08 AM
oh davie boy systemfailure Friday, May. 02, 2003 at 2:02 AM
And what would be the point? daveman Friday, May. 02, 2003 at 2:14 AM
Gee systemfailure, we thought you were the top military pundit on indymedia. boot sector virus Friday, May. 02, 2003 at 2:14 AM
eat shit and die you fucking pogue systemfailure Friday, May. 02, 2003 at 2:35 AM
"Your a disgrace." Melissa Virus Friday, May. 02, 2003 at 2:41 AM
Exactly why should I... daveman Friday, May. 02, 2003 at 2:45 AM
mad? Never. systemfailure Friday, May. 02, 2003 at 3:04 AM
That's funny... daveman Friday, May. 02, 2003 at 3:13 AM
boot sector virus Einstein Friday, May. 02, 2003 at 6:27 AM
"The chemical attack on Halabja happened when Saddam was our ALLY" boot sector Friday, May. 02, 2003 at 6:51 AM
boot sector (KKKOBE fascist) Einstein Friday, May. 02, 2003 at 7:01 AM
unsubstantiated allegation boot sector Friday, May. 02, 2003 at 7:04 AM
boot sector Einstein Friday, May. 02, 2003 at 7:07 AM
Who fought in that war? boot sector Friday, May. 02, 2003 at 7:22 AM
bootie sector Ronald Reagan Friday, May. 02, 2003 at 7:24 AM
"Love that Ollie North" boot sector Friday, May. 02, 2003 at 7:30 AM
bootie sector Ronald Reagan Friday, May. 02, 2003 at 7:32 AM
they're not "coloreds", they're "African-Americans" Sen. Byrd Friday, May. 02, 2003 at 7:37 AM
"shady character" boot sector Friday, May. 02, 2003 at 7:39 AM
"shady character(s)" ISI Friday, May. 02, 2003 at 7:41 AM
daveman mkj Friday, May. 02, 2003 at 9:54 AM

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