web analytics
March 3, 2015 / 12 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
Prime Minister Binyamin Netanyahu addressing Congress.
The “Esther Moment” and Why There is Nothing “Random” About This Day
Latest News Stories
Netanyahu's map illustrating the extent of the Iran-funded  Hezbollah terrorist network.

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

Iranian Foreign Minister Mohammad Javad Zarif.

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

U.S. Capitol

Names and contact information of House Democrats who have confirmed attendance at Bibi’s speech.

Obama's opposition to Netanyahu's speaking in Congress has cooked up demand for tickets.

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.

PA President Mahmoud Abbas is making sure PA children will go without milk and the parents forced to ration what little milk they have.

US President Barack Obama contends Israel is “safer today than ever before,” says give Iran talks a chance.

Islamic State in Iraq and Syria is threatening to kill the founder of Twitter and his employees because they are blocking tweets from Daesh, known also as ISIS.

US Ambassador to the UN Samantha Power tells AIPAC on Monday that America “will not allow Iran to obtain a nuclear weapon. Period.”

“Today, we are no longer silent; today, we have a voice. Tomorrow, as prime minister of the only Jewish state, I plan to use that voice.”

Former Consul Alon Pinkas charges Prime Minister Netanyahu is “injecting Israel into the American political arena – he loves doing that.”

Former Israel Ambassador to the UN Dore Gold says PM Netanyahu’s speech to Congress “will have substance no one has heard before.”

Want to know who are the Bibicotters and how you can tell them what you think?

Prime Minister Binyamin Netanyahu told a packed room at AIPAC on Monday the US-Israel alliance is “sound.” But on Iran: “No one makes alliances with the weak,” he warned.

IDF soldiers, reservists and local security units participated in a massive training drill in the town of Efrat, Gush Etzion, reenacting an infiltration of terrorists into the settlement, on March 02, 2015. The IDF’s central command called a surprise training exercise in the West Bank to test reservists’ alertness and to prepare for the possibility […]

More Articles from Tzvi Ben-Gedalyahu
Netanyahu's map illustrating the extent of the Iran-funded  Hezbollah terrorist network.

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

Iranian Foreign Minister Mohammad Javad Zarif.

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.

I’m not going to get into timetables. It will happen.

American like Netanyahu by a 2-1 margin, with Obama probably in the minority.

The suspect denied he knew he was sending Hamas material that could be used to kill him and his neighbors.

He told CNN ‘God gave the US military power” that should be used to stop genocide.

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

Scan this QR code to visit this page online: