US aid to Israel

Bradford DeLong jbdelong at uclink.berkeley.edu
Mon Apr 8 11:39:57 PDT 2002



>. . . Since 1949 the U.S. has given Israel a total of $83.205 billion. The
>interest costs borne by U.S. tax payers on behalf of Israel are $49.937
>billion, thus making the total amount of aid given to Israel since 1949
>$133.132 billion. This may mean that U.S. government has given more federal
>aid to the average Israeli citizen in a given year than it has given to the
>average American citizen.
>
>mbs: amazing. I never knew there was a budget category,
>"interest on money borrowed to give to Israel." I'll have
>to stay on my toes.

But the artistry, the artistry involved in using these notional interest costs to boost the number by 60%.

Clearly someone has missed a successful career at Arthur Anderson...


:-)



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