2.28.2011

Israeli Economists Agree with Rand Paul: End Foreign Aid

Written by Daniel Sayani at the New American

The question of foreign aid is one that has pitted economists against politicians, special interest groups, and foreign policy demagogues for decades. No stranger to this controversy is Kentucky Senator Rand Paul, who like his father, Texas Representative Ron Paul (both Republicans), has proposed ending U.S.foreign aid to all countries, including Israel, a decision that has earned the scorn of numerous groups on both the Left and the Right.

However, one critical aspect of the debate that has been neglected from public discourse on the topic — and that Sen. Paul may be unaware of — is the opposition of numerous Jewish and Israeli economists and religious Zionist groups to Israeli foreign aid. Like Sen. Paul, these figures believe that foreign aid is an affront against Israeli liberty and sovereignty, as well as a drain on the development of numerous sectors of the Israeli economy, such as the weapons and biotechnology industries.