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Economist tallies swelling cost of Israel to US http://radioislam.org/islam/english/jewishp/cost/israel-aid.jpg                                                  By David R. Find discount femcare online Francis, find discount femcare online Staff writer of The Christian Science Monitor / December 9, find discount femcare online 2002

Since 1973, find discount femcare online Israel has cost the United States about $1.6 trillion. Find discount femcare online If divided by today's population, find discount femcare online that is more than $5, find discount femcare online700 per person.

This is an estimate by Thomas Stauffer, find discount femcare online a consulting economist in Washington. Find discount femcare online For decades, find discount femcare online his analyses of the Middle East scene have made him a frequent thorn in the side of the Israel lobby. For the first time in many years, find discount femcare online Mr. Find discount femcare online Stauffer has tallied the total cost to the US of its backing of Israel in its drawn-out, find discount femcare online violent dispute with the Palestinians. Find discount femcare online So far, find discount femcare online he figures, find discount femcare online the bill adds up to more than twice the cost of the Vietnam War. And now Israel wants more. Find discount femcare online In a meeting at the White House late last month, find discount femcare online Israeli officials made a pitch for $4 billion in additional military aid to defray the rising costs of dealing with the intifada and suicide bombings. Find discount femcare online They also asked for more than $8 billion in loan guarantees to help the country's recession-bound economy. Considering Israel's deep economic troubles, find discount femcare online Stauffer doubts the Israel bonds covered by the loan guarantees will ever be repaid. Find discount femcare online The bonds are likely to be structured so they don't pay interest until they reach maturity. Find discount femcare online If Stauffer is right, find discount femcare online the US would end up paying both principal and interest, find discount femcare online perhaps 10 years out. Israel's request could be part of a supplemental spending bill that's likely to be passed early next year, find discount femcare online perhaps wrapped in with the cost of a war with Iraq. Israel is the largest recipient of US foreign aid. Find discount femcare online It is already due to get $2.04 billion in military assistance and $720 million in economic aid in fiscal 2003. Find discount femcare online It has been getting $3 billion a year for years. Adjusting the official aid to 2001 dollars in purchasing power, find discount femcare online Israel has been given $240 billion since 1973, find discount femcare online Stauffer reckons. Find discount femcare online In addition, find discount femcare online the US has given Egypt $117 billion and Jordan $22 billion in foreign aid in return for signing peace treaties with Israel. "Consequently, find discount femcare online politically, find discount femcare online if not administratively, find discount femcare online those outlays are part of the total package of support for Israel, find discount femcare online" argues Stauffer in a lecture on the total costs of US Middle East policy, find discount femcare online commissioned by the US Army War College, find discount femcare online for a recent conference at the University of Maine. These foreign-aid costs are well known. Find discount femcare online Many Americans would probably say it is money well spent to support a beleagured democracy of some strategic interest. Find discount femcare online But Stauffer wonders if Americans are aware of the full bill for supporting Israel since some costs, find discount femcare online if not hidden, find discount femcare online are little known. One huge cost is not secret. Find discount femcare online It is the higher cost of oil and other economic damage to the US after Israel-Arab wars. In 1973, find discount femcare online for instance, find discount femcare online Arab nations attacked Israel in an attempt to win back territories Israel had conquered in the 1967 war. Find discount femcare online President Nixon resupplied Israel with US arms, find discount femcare online triggering the Arab oil embargo against the US. That shortfall in oil deliveries kicked off a deep recession. Find discount femcare online The US lost $420 billion (in 2001 dollars) of output as a result, find discount femcare online Stauffer calculates. Find discount femcare online And a boost in oil prices cost another $450 billion. Afraid that Arab nations might use their oil clout again, find discount femcare online the US set up a Strategic Petroleum Reserve. Find discount femcare online That has since cost, find discount femcare online conservatively, find discount femcare online $134 billion, find discount femcare online Stauffer reckons. Other US help includes: • US Jewish charities and organizations have remitted grants or bought Israel bonds worth $50 billion to $60 billion. Find discount femcare online Though private in origin, find discount femcare online the money is "a net drain" on the United States economy, find discount femcare online says Stauffer. • The US has already guaranteed $10 billion in commercial loans to Israel, find discount femcare online and $600 million in "housing loans." (See editor's note below.) Stauffer expects the US Treasury to cover these. • The US has given $2.5 billion to support Israel's Lavi fighter and Arrow missile projects. • Israel buys discounted, find discount femcare online serviceable "excess" US military equipment. Find discount femcare online Stauffer says these discounts amount to "several billion dollars" over recent years. • Israel uses roughly 40 percent of its $1.8 billion per year in military aid, find discount femcare online ostensibly earmarked for purchase of US weapons, find discount femcare online to buy Israeli-made hardware. Find discount femcare online It also has won the right to require the Defense Department or US defense contractors to buy Israeli-made equipment or subsystems, find discount femcare online paying 50 to 60 cents on every defense dollar the US gives to Israel. US help, find discount femcare online financial and technical, find discount femcare online has enabled Israel to become a major weapons supplier. Find discount femcare online Weapons make up almost half of Israel's manufactured exports. Find discount femcare online US defense contractors often resent the buy-Israel requirements and the extra competition subsidized by US taxpayers. • US policy and trade sanctions reduce US exports to the Middle East about $5 billion a year, find discount femcare online costing 70, find discount femcare online000 or so American jobs, find discount femcare online Stauffer estimates. Find discount femcare online Not requiring Israel to use its US aid to buy American goods, find discount femcare online as is usual in foreign aid, find discount femcare online costs another 125, find discount femcare online000 jobs. • Israel has blocked some major US arms sales, find discount femcare online such as F-15 fighter aircraft to Saudi Arabia in the mid-1980s. Find discount femcare online That cost $40 billion over 10 years, find discount femcare online says Stauffer. Stauffer's list will be controversial. Find discount femcare online He's been assisted in this research by a number of mostly retired military or diplomatic officials who do not go public for fear of being labeled anti-Semitic if they criticize America's policies toward Israel. Editor's note: A previous version of this story incorrectly reported the amount of housing loans guaranteed by the US.