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Xerxes
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PostPosted: Tue Apr 24, 2007 3:57 pm    Post subject: Reply with quote
Those numbers are jawdroppingly astounding. Who would have ever thought that we give that much aid. I thought that it was mainly military hardware and stuff.
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Raibeart
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PostPosted: Tue Apr 24, 2007 4:00 pm    Post subject: Reply with quote
Xerxes wrote:
Those numbers are jawdroppingly astounding. Who would have ever thought that we give that much aid. I thought that it was mainly military hardware and stuff.


And they are 1997 figures.
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Raibeart
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PostPosted: Tue Apr 24, 2007 4:18 pm    Post subject: Reply with quote
http://www.wrmea.com/archives/.....04016.html

Quote:
“Loans” and Loan Guarantees

As of Dec. 31, 2001, Israel owed the U.S. government almost $2 billion in direct economic and military loans. Direct government-to-government loans are included as aid in the above totals because repayment of several loans has been “waived” by Washington.Israeli officials and their congressional supporters are fond of saying that Israel has never defaulted on a loan from the U.S. Technically, this is true, but the CRS report notes that from FY 1974 through FY 2003 Israel received more than $45 billion in waived loans.

Not included in the above computation is the amount of U.S. government loan guarantees to Israel, because they have not (yet) cost the U.S. any money—although they are listed as “contingent liabilities” (that is, they would become liabilities to the U.S. should Israel default). However, they have unquestionably been of tangible financial benefit to Israel, because they have enabled Israel to get commercial loans at favorable interest rates. The major loan guarantees have been $600 million for housing between 1972 and 1990; the $10 billion for Soviet Jewish resettlement between 1992 and 1997; about $5 billion for the commercial refinancing of military loans; and the $9 billion in loan guarantees included in the FY ‘03 supplemental appropriations. Currently, the total U.S. contingent liability for Israeli loans is about $12.6 billion.
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