Under the current defense package, which is set to expire next year, a quarter of the US aid Israel receives is converted to shekels and spent domestically.
Reportedly, the deal now under negotiation will bar Israel from using any of the funds domestically.
The implications for our military industries are dire. Not only will thousands of Israelis lose their jobs. Israel’s capacity to develop its own weapons systems will be dangerously diminished.
Then there is the problem of joint projects.
Today, Israel receives additional US funds to develop joint projects, including the Iron Dome and David’s Sling short range missile and rocket defense programs. These programs were undertaken in response to threats that weren’t foreseen when the current deal was negotiated a decade ago.
According to reports, the deal now being negotiated denies Israel and the US the ability to fund jointly new projects or to provide supplemental funding for existing projects. All funding for all projects will be covered by the lump sum that is currently being negotiated.
http://www.frontpagemag.com/fpm/263674/time-israel-walk-away-us-aid-caroline-glick
