Quote:
Originally Posted by aklim
Again, what sources of free money do you know of?
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http://www.wrmea.com/html/us_aid_to_israel.htm
U.S. Financial Aid To Israel: Figures, Facts, and Impact
Summary
Benefits to Israel of U.S. Aid
Since 1949 (As of November 1, 1997)
Foreign Aid Grants and Loans
$74,157,600,000
Other U.S. Aid (12.2% of Foreign Aid)
$9,047,227,200
Interest to Israel from Advanced Payments
$1,650,000,000
Grand Total
$84,854,827,200
Total Benefits per Israeli
$14,630 Cost to U.S. Taxpayers of U.S.
Aid to Israel
Grand Total
$84,854,827,200
Interest Costs Borne by U.S.
$49,936,680,000
Total Cost to U.S. Taxpayers
$134,791,507,200
Total Taxpayer Cost per Israeli
$23,240
Since 1992, the U.S. has offered Israel an additional $2 billion annually in loan guarantees. Congressional researchers have disclosed that between 1974 and 1989, $16.4 billion in U.S. military loans were converted to grants and that this was the understanding from the beginning. Indeed, all past U.S. loans to Israel have eventually been forgiven by Congress, which has undoubtedly helped Israel's often-touted claim that they have never defaulted on a U.S. government loan. U.S. policy since 1984 has been that economic assistance to Israel must equal or exceed Israel's annual debt repayment to the United States. Unlike other countries, which receive aid in quarterly installments, aid to Israel since 1982 has been given in a lump sum at the beginning of the fiscal year, leaving the U.S. government to borrow from future revenues. Israel even lends some of this money back through U.S. treasury bills and collects the additional interest.
The minuscule aid given to India pales in comparison.