I don’t think Israel is taking much of our damn money, at least not in the form of outright grants (unlike, e.g., Egypt & Pakistan.) These are loans, and Israel never defaults. Additionally, the military cooperation between the USA and Israel is a two-way street. Israel provides valuable intelligence & other assistance.
The aid that we give Israel is then used to buy our military equipment from our factories. Unlike every other country and entity that we slop money over to, it does not go into private Swiss bank accounts.