web analytics
November 24, 2014 / 2 Kislev, 5775
At a Glance
News & Views
Sponsored Post
IDC Herzliya Campus A Day on Campus

To mark IDC Herzliya’s 20th anniversary, we spent a day following Prof. Uriel Reichman, IDC’s founder and president, and Jonathan Davis, VP for External Relations, around its delightful campus.



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.

SocialTwist Tell-a-Friend

Current Top Story
Is that a chicken or Tzipi Livni ready to be sacrificed?
Coalition Plays ‘Chicken’ and Runs Away from New Elections
Latest News Stories
Is that a chicken or Tzipi Livni ready to be sacrificed?

Lapid has everything to lose and Livni has nothing to lose.

Talks, talks and talks a between p5+1 and Iran.

Iran wants to buy more time and Israel, not Kerry, may have to pay the price.

Rain in Jerusalem.

Sometimes we get what we pray for.

Bnei Sakhnin vs. Beitar Jerusalem last night at the Doha Stadium in Sakhnin. Sakhnin won 1-0.

Iran says it won’t make a deal with world powers over its nuclear development program by the Nov. 24 deadline.

Security leaders re-activate a special unit in Israel as Arab rioters injure four police officers in Jerusalem.

The doctors completed their surgery and accomplished what they set out to repair.

Israel’s cabinet decides to clear obstacles for employment of immigrating professionals.

Sheikh Samir Aasi says “I Was Attacked Because Of What I Stand For. These Extremists Don’t Want Relations Between Religions”

Former Washington DC Mayor Marion Barry died early Sunday at age 78.

A Tennessee watchdog group says textbooks in the state’s schools are teaching children to hate Israel and Jews.

In New Zealand a Jewish toddler wearing a yarmulka is attacked; the adults consider teaching their young to hide their identity.

If there were such a thing as “diplomatic police,” Abbas would have been arrested long ago for crossing red lines.

Both the town and the tower were destroyed in a violent fashion. A layer of ash shows they were burnt.

Son of Isaac Bashevis Singer, Israeli author Israel Zalman, dead at 85.

More Articles from Tzvi Ben-Gedalyahu
Is that a chicken or Tzipi Livni ready to be sacrificed?

Lapid has everything to lose and Livni has nothing to lose.

Talks, talks and talks a between p5+1 and Iran.

Iran wants to buy more time and Israel, not Kerry, may have to pay the price.

Sometimes we get what we pray for.

If there were such a thing as “diplomatic police,” Abbas would have been arrested long ago for crossing red lines.

They were harmless men simply looking for “song birds.” Uh-huh.

US law states anyone who “Incited terrorist activity with intent to cause serious bodily harm or death” should be barred from entry.

The US is so used to believing lies that it can hardly distinguish them from the truth.

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

Scan this QR code to visit this page online: