Bogus, no kidding. Both the Washington Report and the American-Arab Anti Discrimination League have clear cut agendas, but I'm sure they're "fair and balanced". If you'd like to consult a clearly biased source (the US Government you can wade through either Israel: U.S. Foreign Assistance (US State Dept) or US Aid to Israel, US Embassy Israel. They come up with an aid figure of just over $87 billion from 1949 to 2002, exclusive of loans which they note in different sections, but what could they know. WRMEA in various compilations of aid, (I'm not going to bother wading through this one, I'll take the US govt numbers which are widely accepted outside the jihadist community) include multitudes of items, including investment by US companies and money spent by American's in Israel as "aid". Microsoft builds a factory in Israel, foreign aid.
A couple of items from the report.
Other Aspects of U. S. Aid to Israel
Israel's Debt to the U. S. Government
Of the more than $84 billion in aid the United States has provided Israel through FY2000, about $69 billion has been grants and $15 billion has been loans. In 1987, Congress added the Foreign Military Sales Debt Reform section to the foreign aid appropriations bill (P. L. 100-202), which allowed countries to refinance existing military debts carrying interest rates over 10%. At the time the bill passed in 1987, Israel owed the U. S. government about $10 billion (having paid off the other $5 billion), $6 billion of which was military loans bearing interest rates over 10%. In 1988 and 1989, Israel refinanced about $5.5 billion in military loans by borrowing money from U. S. commercial institutions at interest rates below 10%, and paying off the U. S. government. As provided in P. L. 100-202, the U. S. government guaranteed up to 90% of the commercial loans. As of December 31, 1998, Israel owed the U. S. government $2.560 billion in direct economic and military loans, and the U. S. government has a contingent liability (guaranteed loans) for another $3.844 billion for the refinanced military loans and Ex-Im Bank loans, and an additional $9.703 billion in contingent liabilities for the loan guarantees for settling Soviet Jews in Israel.
Loans with Repayment Waived
The United States has not canceled any of Israel's debts to the U. S. government, but the U. S. government has waived repayment of aid to Israel that originally was categorized as loans. Following the 1973 war, President Nixon asked Congress for emergency aid for Israel, including loans for which repayment would be waived. Israel preferred that the aid be in the form of loans, rather than grants, to avoid having a U. S. military contingent in Israel to oversee a grant program. Since 1974, some or all of U. S. military aid to Israel has been in the form of loans for which repayment is waived. Technically, the assistance is called loans, but as a practical matter, the military aid is grant. From FY1974 through FY2001, Israel has received almost $40 billion in waived loans. (Egypt also receives some of its U. S. military assistance in the form of loans with repayment waived. In 1990, the United States canceled $6.7 billion in past military debts that Egypt owed to the United States.)
Carlos, BTW, I love the ADC site. Issues close to lots of peoples hearts here. Stop combating illegal immigration, fight sanctions against Syria, file suit against the Patriot Act and, SURPRISE, reduce aid to Israel.
Say NO to the CLEAR Act (H.R. 2671) Contact your Members of Congress to Stop Local Police from Acting as Immigration Officers
Legislation to Deputize Local Police as Immigration Agents Gaining Ground in Congress. Congressional Action Likely In September
Syria Bill A Step Closer to Vote
Contact Congress to Relay your Opposition
A hearing before the House International Relations Committee on H.R. 1828 is scheduled for September 16 and 17. This scheduled hearing increases the possibility of the Syria Accountability Act coming before the House and Senate for a vote.
ADC files first-ever legal challenge to Patriot Act
Legal challenge to the USA Patriot Act necessary to defend civil liberties of all Americans
Urge Bush to Deduct Cost of Israel's Wall ($1.5 billion) from Loan Guarantees
Contact the White House, State Department and your member of Congress to urge them to support a reduction in loan guarantees to the Israeli government by the amount the Israeli government is spending on the wall.