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Here's a summary of the money [PDF] the U.S. gives to Egypt:
— Egypt has been a leading recipient of U.S. aid ever since it signed a peace treaty with Israel in 1979. Most of the money goes to the military, which has been receiving $1.3 billion annually since 1987. Egypt views that money as "untouchable compensation" for making peace with Israel. According to cables released by WikiLeaks, the money also gives the U.S. military priority access to the Suez Canal and Egyptian airspace.
— Economic (nonmilitary) aid, meanwhile, has fallen from $815 million in 1998 to $250 million today.
— The bedrock of U.S. military assistance to Egypt is co-production of the M1A1 Abrams battle tank. Some components are made outside Cairo; the rest are made in the U.S. and then shipped to Egypt, where the tank is assembled. Egypt also buys other U.S. military goods, including Apache helicopters and F-16 aircraft, as well as CH-47 Chinook transport and Black Hawk helicopters.
American aid to Egypt is the bribe we pay to keep them at peace with Israel, and a part of the welfare we pay our war industries. Our tax dollars at work.
In Response to US to go ahead with F-16 jets delivery:
Would you consider this smart government??
The US is going ahead with plans to deliver four F-16 fighter jets to Egypt despite the political unrest in the country, senior American officials say.
It comes as Washington is continuing to evaluate last week's overthrow of President Mohammed Morsi by the army.
US massive military aid to Cairo would have to be cut by law if the removal of the Islamist leader is determined by Washington to have been a coup.
The Muslim Brotherhood, which backs Mr Morsi, is demanding his reinstatement.
Its supporters have been staging mass protests near Cairo's barracks, where he is believed to be being held. On Monday, more than 50 Brotherhood loyalists were killed in clashes with the army.
The new authorities have not said where Mr Morsi it, but a foreign ministry spokesman said he was in a "safe place" and being treated in a "very dignified manner".
Posted by jimc91