CrimeThinkerNews

A different point of view.

Archive for the ‘Economy’ Category

Here’s What Israel Is Really Costing American Taxpayers

with 2 comments

By John Tiffany
American Free Press

IT IS OFTEN REPORTED THAT ISRAEL receives about $9.2 billion every year in the form of economic aid from the U.S. government, but there are many billions of dollars more in hidden costs and economic losses lurking beneath the surface. A recently published economic analysis concluded that U.S. support for the state of Israel has cost U.S. taxpayers nearly $3 trillion. About 60 percent of those costs (about $1.7 trillion) arose from the U.S. defense of the ever-expanding Israeli empire.

Support for the empire comes to $1.8 trillion, including special trade advantages, preferential contracts, or aid buried in other accounts.

In addition to the financial outlay, U.S. aid to Israel costs some 275,000 American jobs each year. The trade-aid imbalance with Israel is between $6 billion and $10 billion. The largest single element in the costs has been the series of oil-supply crises that have accompanied the Israeli-Arab wars and the construction of the Strategic Petroleum Reserve. These have cost the U.S. $1.5 trillion, excluding the additional costs incurred since 2001.

The cost of supporting Israel increased drastically after the 1973 Israeli-Arab war. U.S. support for Israel during that war resulted in additional costs for the American taxpayer of between $750 billion and $1 trillion. When Israel was losing the war, President Richard Nixon stepped in to supply the Jewish state with U.S. weapons. Nixon’s intervention triggered the Arab oil embargo, which cost the U.S. as much as $600 billion in lost GDP and another $450 billion in higher oil import costs.

Read the rest here.

Advertisements

Written by crimethink3r

September 10, 2009 at 4:52 pm

Populist Says Healthcare Debate A Ruse to Cover Corporate Welfare

leave a comment »

American Free Press – 645 Pennsylvania Avenue SE, Suite 100 Washington, D.C. 20003

FORGET ABOUT EVERYTHING YOU HAVE READ on so-called healthcare reform, says Rep. Dennis Kucinich (D-Ohio). The purported uproar over private versus public health insurance options is really a ruse to cover up a proposal for taxpayer-funded subsidies that will be paid to the billion- dollar private insurance industry.

Under new “compromise” language inserted into the 1,000-page health care bill, titled the “America’s Affordable Health Choices Act of 2009” (H.R. 3200), Americans will be forced to choose which for profit
health insurance company they want to take. If you can’t afford any of the private health insurance plans, the government will pick one for you and then front you the money. But the catch is: you will still be obligated to pay all of the premiums, the co-pays and the high deductibles.

“The hotly debated H.R. 3200, the so called ‘healthcare reform’ bill, is nothing less than corporate welfare in the guise of social welfare and reform,” said Kucinich.

The public option will be gone, he said, leaving only government aid to private insurance companies. Worse still, the federal government will force taxpayers to pay for it all without pressing for cost controls and no guarantees of coverage from any of the participating private insurers.

Read the rest here.

Written by crimethink3r

September 10, 2009 at 4:44 pm

Confessions of an Economic Hit Man by John Perkins

leave a comment »

John Perkins’ Confessions of an Economic Hit Man is about his life as, quite obviously, an economic hit man; which he describes as a person commissioned to do the dirty work of the United States corporatocracy. For ten years of his life, his job was to bring countries rich in natural resources, specifically oil, into control of US interests using sinister schemes that brought them into massive debt to powerful US owned corporations, and the US government itself. This was the beginning of a new and subtle form of imperialism according to Perkins; a new tool to expand control of the US empire to sovereign nations around the world.

If you haven’t already, I’d highly recommend checking it out.

Written by crimethink3r

August 31, 2009 at 5:26 pm