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The US could fork out $680 million on strengthening the Israeli Iron Dome rocket shield. To help Israelis defend themselves, the Republicans are seeking to stretch an already enormous US military budget a little bit more.
The plan to push for funding for Israel’s Iron Dome was disclosed by two congressional staff members, Reuters reports. The Obama administration earlier announced that an “appropriate” level of funding will be provided for this program, but did not request any specific sum for 2012, and thus Congress has not appropriated funds for it. More at EndtheLie.com - EndtheLie.com...
The US has already spent over $200 million co-financing Iron Dome deployment in 2011. However, for the election year of 2012, the US only approved $235 million to finance the lesser-known Israeli anti-missile systems “Arrow” and “Magic wand”(or David’s Sling) types, leaving the Iron Dome behind.
US military help to Israel would come as part of a $30 billion 10-year military-aid agreement signed by the Bush administration back in 2007. From 2009 till 2018 the US is granting Israel approximately $3 billion per year, 26 per cent of which Israel can spend on locally-manufactured equipment. Moreover, Israel is the only recipient of US military aid granted permission to use the funds on local development and the procurement of military hardware.
US aid represents about 20 per cent of Israel’s total military budget. The aid is spent mostly on US-built military hardware and inventory build-up of cluster munitions, smart and bunker-buster bombs. Israel also announced it would spend $2.75 billion of US aid on 19 notorious F-35s, the fifth-generation stealth aircraft, whose development had already cost the US taxpayers some $382 billion.
The National Defense Authorization Act (NDAA) for Fiscal Year 2012 authorized $662 billion in funding “for the defense of the United States and its interests abroad.” With the “Overseas Contingency Operations,” Department of Defense spendings will exceed $700 billion. And with all indirect expenses and interest on debt incurred in past wars the total military budget will exceed $1 trillion. More at EndtheLie.com - EndtheLie.com...
Originally posted by randomname
why not just give it to them for free. it would save the taxpayers billions.
why is the united states giving money that has to be spent on private military companies.