Israel will receive $3 billion, in military aid only. There is no economic aid to Israel, other than loan guarantees that continue to be repaid in full and on time.
Firstly, dollars are fungible, so $3 billion in military aid is $3 billion which Israel does not have to spend, freeing them to spend it on whatever they want. It is a $3 billion transfer of wealth from America to Israel. Semantically, it may not be "economic aid", but in practice it is.
Secondly, loan guarantees are economic aid. To say "there is no economic aid to Israel", followed by a clause describing the economic aid that is provided to Israel, is an intentional attempt to mislead the reader.
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