Why the U.S. helps pay for Israel's military
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 5 June 2024
⏱️ 11 minutes
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Summary
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Transcript
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| 0:00.0 | NPR. This is the indicator for Planet Money. I'm Adrian Ma. |
| 0:14.0 | And I'm Darien Woods. Every year the US government, with the help of US taxpayers, |
| 0:19.4 | allocates about 1% of its budget to foreign aid. |
| 0:23.0 | That's money the US sends to other countries to help with all kinds of things, |
| 0:27.4 | from economic development and humanitarian aid to military spending. |
| 0:31.6 | And over the past several decades, one country has received more. to military |
| 0:33.0 | one country has received more economic and military aid than any other. |
| 0:37.0 | Israel. |
| 0:38.0 | That's according to an analysis by a policy think tank called the Council on Foreign Relations. |
| 0:42.0 | For example, Israel receives about three and a half policy think tank called the Council on Foreign Relations. |
| 0:43.0 | For example, Israel receives about three and a half billion dollars a year through something |
| 0:46.8 | called the Foreign Military Financing Program. |
| 0:49.7 | Through this program, Israel takes the money, turns around around and buys U.S. made weapons, everything from artillery |
| 0:55.8 | shells to jet fighters. And this is how it's been working for decades. |
| 0:59.6 | But as the Israel-Harmas War in Gaza stretches on and the Palestinian death toll grows. |
| 1:05.2 | There's been growing scrutiny of this arrangement. |
| 1:07.8 | Recently President Biden paused a shipment of US-made bombs to Israel |
| 1:12.1 | saying he was concerned about how they would be used. |
| 1:15.0 | Today on the show, why Israel became such a major recipient of U.S. military aid, |
| 1:21.0 | and why there's a debate over how or even whether it should continue. |
| 1:27.0 | Support for this podcast and the following message come from Wise, the app that makes managing your money in different |
| 1:35.2 | currencies easy. With Wise, you can send and spend money internationally at the mid-market exchange |
... |
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