Via: Times of Israel
Ahead of talks with Washington, Israel’s military is concerned that David’s Sling, Arrow-3 may lose funding because of the sequestration
By Times of Israel staff March 27, 2013
Defense officials expressed concern Wednesday that American financial cutbacks may result in drastic cuts to military aid to Israel and could put anti-missile defense projects such as David’s Sling and the Arrow 3 on the chopping block.
Israeli and American officials are expected to begin negotiations over a new, multi-year military aid package in the wake of US President Barack Obama’s visit in the region last week.
“Our current agreement lasts through 2017, and we’ve directed our teams to start working on extending it for the years beyond,” Obama said at a joint press conference in Jerusalem with Prime Minister Benjamin Netanyahu last week.
Israeli officials hope that the basic outline of the current US military aid agreement will be preserved in a future multi-year defense deal with the US. There is grave concern over possible cuts in aid, however, because of the American economic crisis and the effects of sequestration – the across-the-board cuts mandated by 2011 legislation – on the US defense budget, Maariv reported on Wednesday.
The current US military aid package provides Israel with $30 billion over the course of 10 years, but is set to expire in 2017. Of the approximately $3 billion dollars Washington provides Israel per annum, all but $450 million must be used to buy American-made military hardware. According to Defense News, the pending 10-year military aid package would commit Washington to providing Israel with up to $40 billion.
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Israel has a population of about 7 and a half million people…75 billion dollars in aid since 1949…
Being a center of evil and oppression is expensive….for us!