Israel as financial parasite: the staggering cost to AmericansSubmitted by Bob-45 on Wed, 04/03/2013 - 05:31
Israel has a population of approximately 7.8 million, or a million fewer than the state of New Jersey. It is among the world's most affluent nations, with a per capita income similar to that of the European Union. Israel's unemployment rate of 5.6% is much better than America's 9.1%, and Israel's net trade, earnings, and payments is ranked 48th in the world while the US sits at a dismal 198th.
Yet Israel receives approximately 10% of America's foreign aid budget every year. The US has, in fact, given more aid to Israel than it has to all the countries of sub-Saharan Africa, Latin America, and the Caribbean combined—which have a total population of over a billion people. And foreign aid is just one component of the staggering cost of our alliance with Israel.
Given the tremendous costs, it is critical to examine why we lavish so much aid on Israel, and whether it is worth Americans' hard-earned tax dollars. But first, let's take a look at what our alliance with Israel truly costs.