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Report: Israel banks on another decade of U.S. military aid

Falcon29

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Report: Israel banks on another decade of U.S. military aid - Diplomacy and Defense Israel News | Haaretz

Report: Israel banks on another decade of U.S. military aid
According to Defense News, most of Israel's current agreement is already earmarked for purchases.
By Haaretz | Apr. 4, 2014 | 1:32 PM
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IAF tests out America's new V-22 Osprey tiltrotor aircraft. Photo by United States Department of Defense

With the current $30 billion agreement of U.S. military aid to Israel set to expire in September 2018, and most of it already earmarked for F-35 fighter jets and other equipment, a new package aims to extend aid through 2028.

Defense News reported this week that Defense Minister Moshe Ya'alon has the Israeli government's approval to finance more purchases using what is called a "deferred payment plan" (DPP).

The plan would allow Israel to pay only interest and fees for near-term purchases. "Principal will be covered by the new Obama-pledged package that would extend annual foreign military financing (FMF) aid through 2028," the report says, quoting U.S. and Israeli sources.

Israel, the report adds, is banking on President Barack Obama's pledge to extend military aid after 2018.

A large bulk of the weaponry Israel is set to purchase is the V-22 tilt-rotor aircraft. Based on unofficial data, each V-22 costs almost $70 million. It has a flight range of about 1,600 kilometers and is capable of carrying 24 soldiers at a maximum speed of 400 kilometers per hour.

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Could somebody remind me of any other country in the world that we've supported like this? Arming Turkey in this manner would actually serve us better, we would get something out of it.Of course, they don't pay at all for these near $35-$40 billion they get every decade, the original aid is only counted and not the extra programs the Congress funds.

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http://www.globes.co.il/en/article-Israel-has-already-US-aid-through-2018-1000929464

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Obama approval my ***....Obama if in his hands would never support a pariah extremist state like Israel. It's the congress that is a problem and sick people like Sheldon Adelson who are full of hatred fro Arab Christians and Muslims.
 
Also, some people compare Egypt and Israel in regards to the same amount of direct US foreign aid. Not true. The formula for over 30 years has been Israel gets a significant amount more by the official ratio; also, Israel gets more too as the US underwrites Israel debt, and loans turn into free grants, plus Israel is the only foreign country that gets to charge interest to the US on the very aid the US gives it freely. Further, while aid to Israel is unconditional, aid to Egypt has always been conditional on Egypt playing nice with Israel. Aid to those two countries constitutes the biggest chunk going to only two states. Israel, the size of a postage stamp with a higher credit rating than the USA, is the biggest beneficiary of US foreign aid in US history.

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