A Conservative Total for U.S. Aid to Israel: $91 Billion – and Counting
With the turmoil surrounding the presidential election essentially freezing Congress into inaction, this is probably a good time to take another look at aid to Israel. The common figure given for U.S. aid to Israel is $3 billion per year – $1.2 billion in economic aid and $1.8 billion in military aid. As impressive as this figure is, however, since it represents about one-sixth of total U.S. foreign aid, the true figure is even more remarkable. It is difficult, however, to arrive at an exact number. Much of the money the U.S. gives Israel is buried in the budgets of other government agencies, primarily the Defense Department (DOD). Other subsidies come in a form that isn’t easily quantifiable, such as the early disbursement of aid, which allows Israel to gain (and the U.S. taxpayer to lose) the interest on the unspent money….. Continue Reading