Israels 100percent track record on debt repayment suggests the cost to us is likely to be virtually zero. There was strong support for this assistance prior to the Presidents surprise announcement. And now both United StatesIsraeli relations and support for the loan guarantees have deteriorated. To understand how serious that deterioration is. it is worth remembering where things stood before the President suddenly declared last week that we should wait 120 days before considering Israels request for the loan guarantees. Prior to last week. the Congress appeared ready to assist Israels historic effort to absorb these immigrants. Prior to last week. relations among Israel and its neighbors looked rather hopeful. To this administrations credit.
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