Mahmood Ali
US officials: Israel requesting $5 billion in annual defense aid
Congressional sources say Jerusalem’s ‘shopping list’ to top $50 billion over decade; negotiations in preliminary stages
BY TIMES OF ISRAEL STAFF November 4, 2015, 11:40 pm 15
Israel is asking the United States for $5 billion in annual defense aid for a decade, beginning in 2017, US congressional sources told Reuters on Wednesday.
The request — a total of $50 billion — is a significant increase from Israel’s current aid package, which stands at close to $3 billion per year( $ 8 millions per day). The sources estimated that the White House and Israel would ultimately agree on a sum between $4 billion and $5 billion (roughly 14 millions per day).
It estimated that Israel, since it is establishment in 1948, received nearly one trillion dollars form the US. Worse Israel lends the money back to the US and collect interests and use the interests instead of the original grants., which will continue bear interests increasing US debt to trillions.. Ridiculous isn't it? Israel is one of the biggest holder of US TREASURY SECURITIES, though it has no debt.
That is why the US has one of the highest tax rate in the world.
Norw imagine how many bullet trains this amount of money could have built.