"Yeah, that's pretty much WTF we were trying to do to you."
Posted on 09/22/2011 4:13:07 PM PDT by Iam1ru1-2
The Palestinian Authority's top monetary official warned Tuesday a cessation of foreign aid from the United States could lead to fiscal ruin and collapse, the PA's semi-official Maan news agency reported. "It would have a major impact on the economic situation in the West Bank, if the you lose $500 million [in US aid] from financial support for development in the West Bank," Palestinian Monetary Authority Governor Jihad al-Wazir said. "Really, the risk of a PA collapse is very real under the financial strain, without US assistance, without donor assistance in general," al-Wazir said. The United States, a major source of financing and aid for the PA, is sharply opposed to its bid for statehood at the United Nations and has promised to use its veto in the Security Council. Washington has warned of repercussions if President Mahmoud Abbas refuses to back down at the world body, with potential aid cuts and terminating ties being hinted at by both sides. US lawmakers have said they will pressure the Obama administration to cut American aid to the PA if they refuse to back down. Al-Wazir said it is unlikely US aid, if cut, would be made up by other donor countries. "I think it will be highly, very difficult at this stage, because Arab support also hasn't been forthcoming as much as it should have when it comes to budget support," said al-Wazir, who oversees finances in both PA enclaves and Hamas-run Gaza. "The biggest fear now is that if the Palestinians are turned back empty-handed, what is going to happen to the situation in the West Bank and in particular in Gaza," he said.
(Excerpt) Read more at israelnationalnews.com ...
If aid is to be given, it should be in kind, rather than in cash, probably “free land” somewhere, preferably in Arabia, but in any case out of the influence of the various PLO factions, Iran, and the various other Islamofascist despotates.
"Yeah, that's pretty much WTF we were trying to do to you."
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