🚀 go-pugleaf

rogue@ccs.northeastern.edu (Free Radical) writes:

>In article <BuD7r2.Kn4@ddsw1.mcs.com> arf@ddsw1.MCS.COM (Jack
>Schmidling) writes: 
>[...]
>> 
>> When George Bush faced off with AIPAC (and won) over $10 
>> billion in aid to Israel, 

>Jack - are you under the misapprehension that the $10 billion was to
>be given to Israel?  As I understand it, the 'aid' was actually a loan
>guarantee - sort of like co-signing a loan.  The only way any money
>would go from the US to Israel is if they defaulted on the loan -
>something I rather doubt would happen.

A few months ago this thread came up, and many points were made that this
was indeed a loan guarantee, that it would cost the taxpayers nothing, etc.
*BUT* many previous loans given to Israel (and other countries also) were
forgiven by the US.  Meaning that the taxpayers wound up paying for it, 
along with the interest on the loan, etc.  

Then again, I could have been reading the wrong messages...:)


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