Defense Budget To Be Sliced For First Time In Years -- Haaretz
Twenty ministers − from Likud, Labor and Habayit Hayehudi − voted in favor. The five Israel Beiteinu ministers objected, the four Shas ministers abstained.
The cabinet passed the draft budget for 2011 and 2012 and the Economic Arrangements Law by a large majority on Friday afternoon, after 18 hours of debate that started Thursday evening.
Twenty ministers − from Likud, Labor and Habayit Hayehudi − voted in favor. The five Israel Beiteinu ministers objected, the four Shas ministers abstained, and one Labor minister, Isaac Herzog, was absent.
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Update: Israel plans $700 million cut in defense spending -- World Tribune
My Comment: For all the talk about war with Hamas, war with Hezbollah, another intifada, a possible preemptive strike against Iran's nuclear program .... they decide to cut the defense budget. This speaks volumes on what their intentions are .... and for the moment another war is not on the minds of Israeli politicians.