web analytics
March 5, 2015 / 14 Adar , 5775
At a Glance
News & Views
Sponsored Post


Sequestration Worries Israel

Finance Minister Yuval Steinitz expressed concern Sunday that U.S. financial difficulties would affect Israel’s economy.

“We are very worried about the financial difficulties in the U.S., and I hope they won’t hurt us,” he said at the weekly Cabinet meeting.

Steinitz’s comments came after Obama on Friday night ordered $85 billion in automatic, across-the-board cuts, called sequestration, after Congress failed to reach a compromise on deficit reduction.

U.S. government agencies must cut $85 billion from their budgets through Oct. 1, much of it coming from the Defense Department.

The cuts are sure to affect military aid from the United States to Israel, with estimates of cuts as high as $300 million, including affecting funding for the Iron Dome missile defense system.

Participants in the American Israel Public Affairs Committee’s annual policy conference, which opened Sunday, are expected to lobby members of Congress during a visit to Capitol Hill on Tuesday to retain Israel’s $3.1 billion in military aid for 2013 and 2014, as well as some $211 million in additional funding for Iron Dome.

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “Sequestration Worries Israel”

  1. The sequestration is madness and sheer insanity. Because the Republicans are united in not being willing to close loopholes that would add even a dime of taxes to the wealthiest Americans many Jews in the US and other Americans will see programs they depend on cut. The US Economy will suffer greatly as at least 700,000 jobs wil be lost at a time when our economy, while recovering from the greatest recession since the Great Depression, is still fragile.

    There is a far better approach. We could invest in rebuilding our crumbling infrastructure and in education, research, and renewable forms of energy, creating many good jobs, bringing in additional tax revenues and reducing the need for unemployment and other benefits, thereby creating a far better economic future.

Comments are closed.

Current Top Story
Megillat Esther
The Origins of Purim
Latest News Stories
Israeli Flags in Germany

Israel was the sixth-highest source for tourists to Germany in 2014.

Eshed said that a smart meter can run for as long as 10 years if it is equipped with this chipset.

U.S. to South Korea Amb. Mark Lippert was attacked in Seoul on Wed. March 4.

US Amb to South Korea attacked at event in Seoul, slashed face and hand.

Iran's Ayatollah Ali Khamenei: With a smile like that, he couldn't possibly want to annihilate Israel, right?

On Saturday, the French daily Le Figaro reported on Saturday, citing intelligence sources, that Khamenei would likely live only two more years.

COGAT chief hopes Hamas “would not steal water from civilians as they steal construction materials intended for the reconstruction of houses.”

Israel’s Channel 2 television network thought Herzog’s remarks constituted elections propaganda.

The house, which is made up of simple mortar and stone walls that was cut into a rocky hillside, was first discovered in the 1880s by nuns at the Sisters of Nazareth convent.

Ron Dermer responds to Netanyahu critics following Netanyahu’s speech.

Secy of State John Kerry updates media on the progress made in talks with Iran in Switzerland before leaving for the US; talks resume on March 15.

Researchers at the University of Haifa find that it is better for customer service employees to express positive emotions rather than show neutrality in their work.

Palestinian Authority and PLO Chairman Mahmoud Abbas says Israel will never be accepted as a Jewish State, but played coy about security issues.

Ferguson police officer cleared by Justice Department of civil rights charges in shooting of Michael Brown.

When Hamas launches rockets at Tel Aviv, only 100,000 people will need to seek shelter, instead of 400,000.

Two Islamic holidays have officially been added to the New York City public school calendar, closing schools on those days starting next year.

It was probably the first time that the marble relief portrait of Moses hanging in the House Chamber ever received such public acknowledgement.

If President Obama isn’t going to listen to Netanyahu, at least he should listen to the concrete proposals by members of his own Democratic party.

More Articles from Tzvi Ben-Gedalyahu
Tea Party radio host Andrea Shea King.

Andrea Shea King singled out the Black Congressional Caucus in a racist rant.

View of car after Jerusalem Arabs ambushed it Tuesday in the Shimon HaTzadik neighborhood.

One issue the anti-Netanyahu parties and their media boosters don’t talk about is daily terror.

The anti-Bibi barrage last week cost him a grand total of two seats, which went to other parties but not to Bujie and Tzipi.

She was brought to tears and “saddened by the insult to the intelligence of the United States.”

The Prime Minister showed AIPAC a map of Iranian-backed Hezbollah attacks in five different continents.

If Iran is serious, Netanyahu can skip his speech and tell the Air Force to rev up its engines.

The anti-Netanyahu crowd, in the spirit of topsy-turvy Purim, drummed up support for his speech.

Iran, like the Palestinian Authority, has one mindset. A deal is not peace. It is an evil piece of paper.

Printed from: http://www.jewishpress.com/news/breaking-news/sequestration-worries-israel/2013/03/03/

Scan this QR code to visit this page online: