US to Grant Extension of $3.8 Billion in Loan Guarantees to Israel
The Obama administration told Israeli officials this week that the U.S. plans to extend for three years $3.8 billion in loan guarantees to Israel.
The loan guarantees are in addition to the unmatched support Washington gives to Israel – over $13 billion in direct aid since 2007 and more than $3 billion more scheduled for fiscal year 2012, not to mention privileged deals in military training and equipment.
“We consider the loan guarantees as preparation for a rainy day,” a senior Israeli Foreign Ministryofficial said. “This is a safety net for war, natural disaster and economic crisis, which allows Israel to maintain economic stability in unstable surroundings.”
Gee, wouldn't it be nice to have a safety net for a rainy day? Wouldn't it be nice to have the US government spending billions to maintain your economic stability in unstable surroundings? Maybe a Federal loan guarantee for your mortgage would be a nice thing? If you think so, then vote for someone who will put America and the interests of Americans first in the next elections. Supporting Ron Paul in the Republican primaries coming to your state soon is an opportunity to do just that.