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U.S. Arms Industry Would Lose Big from Egypt Aid Cut-Off
inbluevtDate: Saturday, 2013/08/17, 2:09 AM | Message # 1 |   DMCA |   
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UNITED NATIONS, Aug 16 2013 (IPS) - The United States, which has refused to cut off its hefty 1.3 billion
dollars in annual military aid to Egypt, continues to argue that depriving arms to the 438,500-strong security forces will only “destabilise” the crisis-ridden country.

There is perhaps a more significant – but undisclosed – reason for sustaining military aid flows to Egypt: protecting U.S. defence contractors.

Virtually all – or an overwhelming proportion – of the 1.3 billion dollars granted under Foreign Military Financing (FMF) is plowed back into the U.S. economy, specifically into the U.S. defence industry.

William Hartung, director of the Arms and Security Project at the Centre for International Policy (CIP), told IPS U.S. President Barack Obama’s refusal to cut-off military aid to Egypt while U.S. weapons are
being used to murder protesters is “unconscionable”.

“The reasons given for continuing this aid no longer hold up to scrutiny. It is not a source of stability, as the Obama administration claims,” he said

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Message edited by inbluevt - Saturday, 2013/08/17, 2:13 AM
 
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