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January 31, 1992 - Image 33

Resource type:
Text
Publication:
The Detroit Jewish News, 1992-01-31

Disclaimer: Computer generated plain text may have errors. Read more about this.

TV news and did not make
the front page of the more
prestigious papers. It was
almost as if the country (or
at least the media) was half-
denying it had been said be-
cause of the unthinkable
implications of rejecting the
deal and forgoing the guar-
antees.
Those implications were
spelled out in the so-called
Lifschitz docurrient, which
partly backfired on Mr.
Shamir's government.
Commissioned from Ya'akov
Lifschitz (a former director-
general of the Finance Min-
istry), it was designed to per-
suade the Bush Administra-
tion of Israel's true need for
the guarantees — and
evidently succeeded.
The problem is that its
contents were leaked to the
press at home, giving the
Israelis themselves a look at
what lay in store if the $10
billion in loans were not ob-
tained.
The picture that Mr.
Lifschitz paints is not a
bright one.
Perhaps his most alarming
forecast is that without a
massive infusion of capital,
by 1996 unemployment in
Israel will rise to a harrow-
ing 16.2 per cent. He also
warns that taxes would have
to be raised, thereby lower-
ing the standard of living,
slowing the growth of in-
vestment, and retarding the
rate of export.
Worse yet, the document
adds insult to injury by pick-
ing on an old Israeli wound.
"Beyond the human suffer-
ing and social problems
caused by high unemploy-
ment," it projects, "the rate
of emigration by immigrants
and veterans is likely to
rise."
In short, the drift of the
whole glorious enterprise of
Soviet immigration would be
reversed. Not only would
Israel become weaker econ-
omically (and thus in every
other respect), but the old
demographic bogy — which
had been swamped by the in-
flux of newcomers — would
rise again as the tide turned
and began moving out.
Those prospects, taken
separately and together, are
so awful to contemplate that
the reaction among many
Israelis has been to shift the
debate to a welter of diver-
sionary questions.
What, for example, con-
stitutes the occupied ter-
ritories — or, to be more
specific, will the Americans
insist that construction be
halted in those parts of
Jerusalem annexed in 1967
and thus open debate on that

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THE DETROIT JEWISH NEWS

33

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