Saturday, July 28

Obama Hands Israel Another $70 Million As US Fiscal Cliff Looms

US President Barack Obama has signed a piece of legislation ratified by Congress that gives Israel another $70 million in military assistance, on top of the $3 billion the United States had already pledged to provide to the Israeli military this year.

As US Fiscal Cliff Looms Obama Hands Israel Another $70 Million
Press TV – On Friday, Obama signed the United States-Israel Enhanced Security Cooperation Act of 2012, which provides more US taxpayer dollars to help Israel expand its Iron Dome short-range rocket defense system, Xinhua reported.
The Iron Dome is a short-range rocket defense system designed to intercept rockets and artillery shells fired from a range of between four and 70 kilometers.
Representatives of the pro-Israeli lobby, the American Israel Public Affairs Committee (AIPAC), and Israeli journalists were invited to the signing ceremony, which was held at the White House.
“I have made it a top priority for my administration to deepen cooperation with Israel across the whole spectrum of security issues — intelligence, military, technology,” Obama said before signing the bill in the Oval Office.
“And, in many ways, what this legislation does is bring together all the outstanding cooperation that we have seen, really, at an unprecedented level between our two countries that underscores our unshakeable commitment to Israel security,” he added.
According to a White House fact sheet published on Friday, Obama said that “despite tough fiscal times” he “fought for and secured full funding for Israel” in fiscal year 2012, including $3 billion in Foreign Military Financing.
The fact sheet also said that Obama secured an additional $205 million in 2011 to set up the Iron Dome system.
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