Mr. President. this fall Congress will be asked to consider the granting of loan guarantees for the State of Israel to assist her in the absorption of new refugees. These guarantees are not only justified on purely moral and humanitarian grounds. but are also an investment in one of the most precious resources availablehuman capital. The current political situation in Israel provides the United States government with a unique opportunity to shape events in the region through a low risk. low cost investment strategy with an anticipated high rate of return in human capital. Mr. President. this opportunity stems from granting absorption loan guarantees to the State of Israel.
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refugees