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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Emile Vidrine who wrote (296750)	9/14/2002 8:37:28 AM
From: HomeBoy Security	Respond to of 769667

LOOK MOM. NO HANDS

To: Emile Vidrine who wrote (296750)	9/14/2002 9:13:32 AM
From: D.Austin	Read Replies (1) \| Respond to of 769667

The Neeman Agreement After Israeli Prime Minister Binyamin Netanyahu told Congress in 1996 that he wanted to reduce the level of U.S. economic aid to Israel, Israeli Finance Minister Yaacov Neeman met with members of Congress in January 1998 to negotiate the details. After much backing and forthing, they reached agreement that Israel’s then-$1.2 billion in economic aid would be decreased annually, beginning FY 1999, by $120 million, and the $1.8 billion in military aid would be increased by half that, or $60 million. As a little-reported part of the deal, the amount of military aid that Israel was allowed to spend in Israel would be increased by $15 million per year. From FY 1988 through 1990 Israel was allowed to use $400 million of its $1.8 billion U.S. military aid in Israel. Beginning in FY 1991 that was increased to $475 million. As a result of the Neeman agreement, beginning in FY 1999 the aid appropriations bill gave the amount to be spent in Israel as a percentage of the total, rather than a stated amount. This maneuver helped hide from U.S. defense contractors the fact that the U.S. direct subsidy to their Israeli competitors was being increased by $15 million per year. For FY 2001 the stated percentage works out to $520 million. None of this is included in the above figures, because it does not represent a direct cost to the U.S. taxpayers. It is clearly an indirect cost, however, in terms of lost tax revenue and lost business for American companies. X washington-report.org We can spend hours pointing out opinions pro & con.... But the sad truth is the US has been problem solving with money for about 250 years.