Israel's public debt equals 79 percent of its gross domestic product, and its imports 1.25 billion dollars more than it exports. More than 23 percent of Israelis live below poverty line. In other words -- words of the US congress -- Israeli is not “economically self-sufficient.”"Israel is not economically self-sufficient, and relies on foreign assistance and borrowing to maintain its economy.
In addition to US assistance, it is estimated that Israel receives about $1 billion annually through philanthropy, an equal amount through short- and long- term commercial loans, and around $1 billion in Israel Bonds proceeds.
Since 1985, the United States has provided $3 billion in grants annually to Israel. Since 1976, Israel has been the largest annual recipient of U.S. foreign assistance, and is the largest cumulative recipient since World War II,” The Congressional Research Service (CRS) said in a 2003 report titled "Israel: US Foreign Assistance."
Now with the global economic meltdown and weak a post-recession recovery in the US and Israel's other allies, the amount of financial aid and other assistance that Israel can receive is sure to be affected adding fuel to the problems the Israeli regime is already facing.
On Friday, July 29, 2011 hundreds of Israelis held a demonstration in Tel Aviv, warning that they would block roads all over Israel on August 1 if the Netanyahu cabinet fails to meet their demands.
After weeks of widespread protests against high housing prices -- which are evaluated as the largest social protests in Israel since the 1970s -- the Israeli premier announced a series of measures to address the housing crisis last week.
According to a poll published by the Israeli newspaper Ha'aretz, 87 percent of Israelis support the protests over high rents and housing costs.
The survey also showed that Netanyahu's popularity has fallen to 32 percent from 51 percent two months ago with more than half of those surveyed being unhappy with his response to the housing crisis
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