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Friday, April 9, 2010

Business Weekly: "End Israel's Allowance" http://endtheoccupationblog.blogspot.com/2010/04/business-weekly-end-israels-allowance.html

Another sign of changing discourse on U.S. policy toward Israel/Palestine: A commentary piece in Business Weekly calls for an end in U.S. aid to Israel: "Israel will get $2.7 billion in military aid from the U.S. this year -- or 18 percent of Israel’s military budget. By 2013, that will lock into an annual level of $3.15 billion for five years.

It also has almost $4 billion outstanding in available U.S. loan guarantees, left over from $9 billion extended at former Prime Minister Ariel Sharon’s request in 2003.... Back in 2007, when U.S. President George W. Bush pushed through a 10-year military aid agreement with Israel, Nicholas Burns, then undersecretary of state, said the U.S. considered the cumulative $30 billion in assistance to Israel “to be an investment in peace -- in long-term peace.” Now may be a good time to check the return on that investment."

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