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US$112 billion later.......

The cost to the Americans in supporting Israel - no doubt because the Israel Lobby is so effective - since 1948 tops a staggering US$112 billion.     But, wait, Israel isn't what you could call a poor country.    In fact, it's economic well-being is far better than that of the USA - a point made rather pointedly made in this piece "The Staggering Cost of Israel to the Americans" on if Americans knew.

"Israel has a population of approximately 7.8 million, or a million fewer than the state of New Jersey. It is among the world's most affluent nations, with a per capita income similar to that of the European Union.[1] Israel's unemployment rate of 5.6% is much better than America's 9.1%,[2] and Israel's net trade, earnings, and payments is ranked 48th in the world while the US sits at a dismal 198th.[3]

Yet Israel receives approximately 10% of America's foreign aid budget every year.[4] The US has, in fact, given more aid to Israel than it has to all the countries of sub-Saharan Africa, Latin America, and the Caribbean combined—which have a total population of over a billion people.[5] And foreign aid is just one component of the staggering cost of our alliance with Israel.

Given the tremendous costs, it is critical to examine why we lavish so much aid on Israel, and whether it is worth Americans' hard-earned tax dollars. But first, let's take a look at what our alliance with Israel truly costs.

According to the Congressional Research Service , the amount of official US aid to Israel since its founding in 1948 tops $112 billion, and in the past few decades it has been on the order of $3 billion per year.[6](In 2011, for example, this amounted to over $8.2 million every single day.)

But this money is only part of the story. For one thing, Israel gets its aid money at the start of each year, unlike other nations.[7] This is significant: It means Israel can start earning interest on the money right away. And it costs the US more than the typical year-end disbursements because the US government operates at a deficit, so it must borrow this money to pay Israel and then pay interest on the amount all year.

Israel is also the only recipient of US military aid that is allowed to use a significant portion annually to purchase products made by Israeli companies instead of US companies. (The costs to Americans caused by this unique perk are discussed below.)"

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