US retains Israel a line of credit

[Henia 11]

US EXTENDS CREDIT LINE TO ISRAEL

Bush administration agrees to extend by three-year loan guarantees for Israel given to Israel in 2003; Israel has used USD 4.9 billion of a total USD 9 billion

Y-Net News, 8/20/06

http://www.ynetnews.com/articles/0,7340,L-3293331,00.html

The Bush administration has agreed to an Israel demand that a loan guarantee deal be extended by an additional three years, until 2011.

The Congress needs to approve the move.

Finance Minister Abraham Hirchson said the administration's conceding to Israel's request underscores Washington's faith in Israeli economy.

In 2003, the United States approved a USD 9 billion aid package to Israel in the form of loan guarantees which allow Israel to borrow money on the international market for low interest rates

[Mirorgate 0]

damn... and I have to swear to give my first born child to the bank for $30K for more Uni .. where's the luv?

[I'm Gone 60]

The Congress needs to approve the move.

I wonder what the outcome of that vote is going to be. LOL

[vartan 0]

we give aid to all countries.. why else do you think we have a $400trillion deficit. We just gave lebanon money too

[I'm Gone 60]

we give aid to all countries.. why else do you think we have a $400 trillion deficit. We just gave lebanon money too

I'm against foreign aid, but the deficit and national debt can't be blamed on foreign aid.

[hafiz 1]

aid to israel is a no brainer. our only ally in the mid east. egypt is number 2 when it comes to aid.

Edited August 24, 2006 by hafiz

[Risto 0]

The Congress needs to approve the move.

I wonder what the outcome of that vote is going to be. LOL

I don't

[Ban Hammer 14,293]

aid to israel is a no brainer. our only ally in the mid east. egypt is number 2 when it comes to aid.

hafiz you better quit that, you'll be called a zionist for supporting israel.

[I'm Gone 60]

aid to israel is a no brainer.

Yeah sending Israel endless foreign aid and backing their loans sure is a no brainer. Hopefully, the U.S. government will someday get a brain.

[hafiz 1]

?

[vartan 0]

Im against foreign aid, but the deficit and national debt can't be blamed on foreign aid.

Can be partially.. not completely of course.. but quite a bit is aide *cough* that we will never seee again..

[Henia 11]

[Risto 0]

aid to israel is a no brainer.

Yeah sending Israel endless foreign aid and backing their loans sure is a no brainer. Hopefully, the U.S. government will someday get a brain.

Exactly the opposite. It’s cheaper to pay someone with brains and experience to destroy Iran’s nuclear reactors than doing it ourselves. It should be done soon. Remember how Iraq nuclear ambitions ended in the 80’s?

[I'm Gone 60]

Exactly the opposite. It’s cheaper to pay someone with brains and experience to destroy Iran’s nuclear reactors than doing it ourselves. It should be done soon. Remember how Iraq nuclear ambitions ended in the 80’s?

Yeah Israel took it upon itself to go bomb a country that hadn't done anything to them

[Ban Hammer 14,293]