Israel & Aid
"On July 10, 1996, at a Joint Session of the United States Congress, Israeli Prime Minister Benjamin Netanyahu received a standing ovation for these words: “With America’s help, Israel has grown to be a powerful, modern state. …But I believe there can be no greater tribute to America’s long-standing economic aid to Israel than for us to be able to say: we are going to achieve economic independence. We are going to do it. In the next four years, we will begin the long-term process of gradually reducing the level of your generous economic assistance to Israel.”
Since 1996, the American taxpayers are still sending Israel $3 billion a year and providing assorted loan guarantees, waivers, rich technology transfers and other indirect assistance. Before George W. Bush left office a memorandum of understanding between the U.S. and Israel stipulated an assistance package of $30 billion over the next ten years to be transferred in a lump sum at the beginning of every fiscal year. Israel’s wars and colonies still receive U.S. taxpayer monies.
What happened to Mr. Netanyahu’s solemn pledge to the Congress? The short answer is that Congress never called in the pledge."