Israel Hikes Defense Spending By $700 Million

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posted on Jan, 9 2012 @ 12:43 PM
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As America's defense budget dwindles, Israel has announced they will allocate $700 million to bolster security and defense. Israel recieves $3 billion dollars annually from the U.S. as is, I wonder if the Pentagon's new defense budget allowed for this increase?

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JERUSALEM - Israeli premier Benjamin Netanyahu announced Jan. 8 an increase of nearly $700 million in the defense budget, after saying last year that he would cut military spending to finance social reforms.

"We are going to add three million shekels to the defense budget," Netanyahu said at a news conference.

Netanyahu had in October supported the recommendations of a report he commissioned, by respected economist Manuel Trajtenberg, which were intended to address rising frustrations about the cost of living and income disparity in the Jewish state that triggered mass protests last year.




posted on Jan, 9 2012 @ 12:47 PM
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How?..

They have no exports, so where do they get 700 million dollars?..

Oh yeah. Nevermind.



posted on Jan, 9 2012 @ 12:49 PM
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Originally posted by CALGARIAN
How?..

They have no exports, so where do they get 700 million dollars?..

Oh yeah. Nevermind.


Exactly...





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