By Alison Weir – If Americans Knew
Breaking Defense,Â a digital magazine that covers military issues,Â reportsÂ that Israel may ask for its U.S. aid early, possibly in a lump sum that could be as high as $7.6 billion.
This would work out to almost $21 million per day from American taxpayers, even though the U.S. is approaching aÂ $4 trillion deficitÂ (the largest in the world), and Israel typically has aÂ lower unemployment rate than the United States.
Egoziâs article states that because of the coronavirus pandemic, âIsraelâs Ministry of Defense and high command have hammered out an emergency plan for an appeal to Washington.â
The article, which carries a Tel Aviv dateline, reports: âSources here say the COVID-19 pandemic is forcing Israel to ask Washington to make major changes to the [aid] agreement, including a request to receive the annual allocation $3.8 billion earlier than planned.â
U.S. aid to Israel is normally disbursed in October, in aÂ lump sumÂ that is deposited to an interest-bearing Israeli account in the New York Federal Reserve Bank. (Since the U.S. has been operating at a deficit, this means that the U.S. government borrows the money and pays interest on it long after it has gone out.)
In addition to receiving the aid earlier than usual, a âsenior sourceâ quoted by Egozi suggests that Israel may request that the aid expected for 2024 also be disbursed this year.
If that happens, it would work out to nearly $21 million per day, or $14,460 per minute to Israel from American taxpayers suffering from a devastating hit to the U.S. economy.
Moreover, it is highly likely that when 2024 comes around, the advance would be forgiven, as have numerous U.S. âloansâ to Israel, and Israel would get the aid again.
The current aid to Israel is based on a 2016 agreement by the Obama Administration to give Israel $3.8 billion annually for the next 10 years â a total of $38 billion, touted as theÂ largestÂ such aid package in U.S. history. Overall, Israel has receivedÂ more U.S. aidÂ than any other country, on average, 7,000 times more per capita than others.
While the Obama Memorandum of Understanding (MOU) is a non-binding agreement, Israel has received this sum every year since it was signed. Israel advocates in Congress are currently seeking to cement it intoÂ a lawÂ that would permit this amount to go even higher in the future.
Egozi reports that the former president of Israel Aerospace Industries, Joseph Weiss, said asking for the money ahead of time is âa wild idea,â but said it âmakes sense in the special conditions created [in Israel] byÂ the pandemic.â
However, itâs unlikely that this would make equivalent sense to Americans, who have been at least as hard hit by the pandemic.
Over 26 million Americans so far have lost their jobs, and many U.S. companies are facing bankruptcy. A comment below Egoziâs article suggests how Americans would respond to a massive outlay to Israel this year:
âWhy do Americans put up with all this money going to Israel when millions of them have no healthcare, no job, and are eating from food banks?â
To deflect such outrage, Israel partisans in the U.S. typically defend the aid by saying that it eventually goes to U.S. defense companies. However, they fail to mention that millions of the dollars go to Israeli companies that compete with American businesses, often leading to job losses in the U.S. No other country receiving U.S. military aid is allowed to do this.
In addition, many Americans feel that Israel should use its own money to purchase its weaponry, as the U.S. does. They point out that if Americans wished to subsidize weapons companies, the U.S. government could simply purchase items for American use.
An administration official recentlyÂ saidÂ that Israel would not need to worry about money âeven if there is a depression.â
A critic of the aid, former CIA officer Philip Giraldi,Â points outÂ that Israel is not an ally, and that it has often âdone damage to the United States.â Giraldi, who is currently executive director of theÂ Council for the National Interest (CNI), notes that Israel often spies on the U.S. and has stolen American technology. It also tried to sink aÂ U.S. Navy ship, killing 34 Americans and injuring over 170.
Giraldi is asking people to sign a petition by CNI: âStop the $3.8 Billion to Israel.â
The petition states: ââŠWe need to take care of Americans and not send our tax money to a wealthy foreign country. Israel has already received billions of dollars from American taxpayers. It has received overÂ $10 million per day, year after year. This year itâs time to keep our money home.â
Alison Weir is executive director ofÂ If Americans Knew, president of theÂ Council for the National Interest, and author ofÂ Against Our Better Judgment: The Hidden History of How the U.S. Was Used to Create Israel.