web analytics
April 20, 2014 / 20 Nisan, 5774
At a Glance
News & Views
Sponsored Post
Spa 1.2 Combining Modern Living in Traditional Jerusalem

A unique and prestigious residential project in now being built in Mekor Haim Street in Jerusalem.



Sequestration Worries Israel

Share Button

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.

Share Button

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.

Leave a comment (Select your commenting platform)

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.

SocialTwist Tell-a-Friend

Loading Facebook Comments ...
Loading Disqus Comments ...
Current Top Story
FBI Wanted poster for Osama bin Laden
Pakistan Library Renamed to Honor bin Laden
Latest News Stories
FBI Wanted poster for Osama bin Laden

Many Pakistanis consider bin Laden a “hero of Islam.”

Two major obstacles have kept Israel from joining the program: Allegations by U.S. officials that Israel has discriminated against Arab- and Muslim-Americans seeking entry, and a proliferation of young Israelis traveling to the United States as tourists and then working illegally.

A Lebanese man who was arrested in Thailand on suspicion of belonging to Hezbollah admitted to targeting Israelis, Thai media reported.

On Friday afternoon, Syrian fighter jets hit opposition/rebel targets and villages on the Syrian side of the Ramat HaGolan (Golan Heights), in the Quneitra region. Large pillars of smoke are seen rising from struck areas. Quneitra is the site of an official crossing between Syria and Israel on the Golan. IAF jets were sent out […]

As Rabbi Stav said, “You’re free to think what you want. But do you want me to recognize Chelsea Clinton’s child as a Jew?”

Chimpanzees and Orangutans eat Matza, unleavened bread traditionally eaten during the Passover holiday, at the Ramat Gan Safari on Thursday, April 17, 2014. I hope they can digest it. On Passover no leavened bread (Chametz) is allowed in Jewish possession, and that includes food we feed our animals.

Following intelligence reports of further expected Arab rioting and violence on the Temple Mount today, the police have placed restrictions on Muslim entry to the Jewish holy site, according to a report on Arutz-7. Entry will be limited to Muslims over the age of 50, and women, also they must be Israeli citizens or residency […]

PA President Abbas’s refusal to publicly condemn the terror attack that killed Baruch Mizrachi is putting a damper on the parade.

The Shas political party, founded and run by the late Rav Ovadia Yosef, has a appointed a new spiritual leader, according to a Galei Tzahal report. The rabbi chosen to replace Harav Ovadia and be the new president of the party’s Council of Torah Sages is Rabbi Shalom Cohen. Aryeh Deri is the political leader […]

In 1941, the Jews of Kiev received a similar leaflet. When they showed up the next day, more than 34,000 were murdered.

Teen stabbed in South Florida high school.

The Kotel Plaza, the stairs, the Kotel entrance, the roads, everything was packed for Birkat Cohanim – the Priestly Blessing of the People – now imagine if this had been held on top of Har HaBayit, the Temple Mount!

Four Israeli citizens were hurt Thursday in a road terror attack near Tekoa in Gush Etzion.

Israel Police closed access to the Temple Mount to Jews and other non-Muslims on Thursday due to Arab violence.

Jews in Donetsk, Ukraine this week were ordered to “register” themselves and their assets.

U.S. Special Envoy to the Middle East Martin Indyk is on his way back to the region to revive talks between Israel and the Palestinian Authority.

More Articles from Tzvi Ben-Gedalyahu
Police manhandle a youth in expulsion from the Hebron Peace house in December 2008.

The government’s approval of Jews moving into the Hebron building marks a return to a bit of political normalcy.

Israel is preparing a program to help absorb an increasing number of Jews making aliyah.

There is nothing like a good round of anti-Semitism to sober up Jews to move to Israel.

Card-carrying Israeli citizens in a totally Arab city in the western Galilee already are preparing celebrations for what they expect will be the return of their “heroes” who killed Israelis in terrorist attacks. The United States is trying to work out a deal with Israel to allow freeing several Arab terrorists with Israeli citizenship in […]

The BDS movement has done us a favor by showing the world they are idiots over the Scarlett-SodaStream duet.

Yesha leader have a problem condemning violence if it carried out “for the cause.”

The Sheldon Adelson Family Foundation has contributed $16.4 million to the Israel Lunar Project to build the world smallest spacecraft that SpaceIL hopes to land on the moon. The donation is nearly half of the project’s budget, estimated at $36 million. SpaceIL is an Israeli non-profit founded at the end of 2010 by three young […]

It might be best to say the Traveler’s Prayer on the airplane before putting on tefillin.

It won’t happen so soon, but it is only a matter of time until Jewish in Efrat finally can be like Jews in Tel Aviv.

    Latest Poll

    Now that Kerry's "Peace Talks" are apparently over, are you...?







    View Results

    Loading ... Loading ...

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

Scan this QR code to visit this page online: