The longer these reforms are postponed. the longer the United States will be called upon for more aid to Israel. The American people are apparently being asked to underwrite major new economic growth programs for Israel when we cannot develop them for our own desperatelyinneed economy. We are being asked to guarantee funding for what appears to be wideranging infrastructure projects. running far afield from anything directly connetted to Soviet immigration. at a time when United States spending on its own infrastructure is far lower than that being infused by our European allies into their economies. It is no wonder that foreign aid is held in such disrepute by the American people. Mr. Emanuel Sharon. a former Israeli Finance Minister. testified before Mr. OBsys subcommittee that we are not really talking about housing guarantees here. but more so about money to be used for a wide variety of economic purposes. This is confirmed in a document provided by the Embassy of Israel. "Absorption of Soviet Jewry Immigration." that indicates that about half of the loan guarantees would go to the private sector for investments. and the rest would be divided equally between housing and infrastructure. There Is no agreement between the Government of Israel and the Government of the United States as to how thw money will be channeled. and the specific uses to which it will be put. The fact is that we really do not have any specific understanding as to how the money will be used.
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Immigration immigration