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Mar 20th, 2003, 09:52 AM
#1
Thread Starter
Banned
And in other non-war news... oh, hang on this is coming out of the war budget
http://news.bbc.co.uk/1/hi/business/2867619.stm
The US has offered $10bn (£6.4bn) to Israel, to bail it out of the worst economic crisis in its history.
Israel's Finance Ministry said the package consisted of $1bn (£640,000m) in direct military aid and $9bn in loan guarantees.
The 30-month-long Palestinian uprising against Israeli occupation and the global economic slowdown have plunged the country into its third year of recession.
Israel - the biggest recipient of US aid worldwide - initially asked for $4bn (£2.5bn) in military aid and $8bn in loan guarantees.
The US will deduct from the loan guarantees any Israeli expenditure on settlement activities in Palestinian areas.
The package, which is part of President George W Bush's war budget, still needs approval by the US Congress.
Why, might I ask? Is this part of the war budget? With one hand he's trying to tell the Muslim world that this is a war against terrorism, and with the other hand he's funding one of the worst offenders.....
My point here is not that he's funding Isreal, but why does he need to pull the money out of the war budget? I am genuinley curious (before someone reads any anti-American sentiment into a fair question).
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Mar 20th, 2003, 11:33 AM
#2
You have to spend money to make money.
At a guess I'd say most of the money is given on condition that they buy their weapons from American Manufacturers.
So they give the money out knowing it's going to come back in.
"War Budget" is probably just a loose term used with a fairly wide meaning.
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