First of all. let me say this: this money we are talking about is not cash to the State of Israel. It is a loan guarantee. It means we back up a loan that Israel will take in the world market to be able to deal with the influx of immigrants. Our loan guarantee will enable Israel to borrow at lower than current interest rates. which means the money will go to help people. and not to pay interest rates. We will not be giving any cash to Israel this year. next year. or the year after on the loan guarantee issue.
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immigrants