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    • Adam
    • 08.08.11 | 10:01 (IDT)

    The only nation I know that is 'self supporting' is North Korea. All nations trade, most nations run budget deficits, and Israel's budget is healthier than most. Yes, Israel receives money from the US, but in the last three or four years economic aid has dropped down to (unless I'm mistaken) almost zero. Military aid remains north of $2billion a year, but a huge percentage of that goes right back to America (like a large portion of aid does, from most countries, to most countries). $2billion is a trickle compared to what is spent in European countries or Japan. A large portion of the aid is also guaranteed to Israel in the Camp David Accords - Egypt also gets north of 1B a year in similar aid. Israel weathered the financial crisis better than most nations - i.e, it maintained healthy and responsible finances without borrowing beyond its mean. The country has a strong high-tech and export sector, and is a member of the OECD rich-nations club. This "America supports Israel" foolishness is wearing a bit thin.

    from the article: Netanyahu anticipates 'enormous change' in Israel's economy
    First published 02:10 08.08.11 | Last updated 02:10 08.08.11
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