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Romney warned that “In the hands of the ayatollahs, a nuclear Iran is nothing less than an existential threat to Israel. Iran’s suicidal fanatics could blackmail the world."

Kurz: The United States and Israel—at Israel's initiative—have already developed a plan to gradually eliminate U.S. economic aid to Israel. There is an understanding that Israel's economy is doing better, its debt repayments (the justification for economic aid in the first place) are going down. If Israel had had its debt forgiven, as Egypt did, after the Gulf war, it wouldn't need economic aid at all. But that couldn't happen because of technical budgetary reasons; so instead of forgiving the debt, the United States is essentially giving Israel the money it needs to pay back its American loans. That will end in seven years. On the military side, it's anybody's guess. If the conflict ends tomorrow, if there is a real peace treaty with Syria, if Iran becomes a moderate force in the region, if Iraq no longer is a threat to Israel, if Israel is finally accepted as a permanent, legitimate state in the Middle East, then Israel will not need to spend huge sums of money for her defense and will no longer need U.S. help in doing so.

We give aid to Israel to maintain its security in a very tough region and a very important part of the world in order to advance critical U.S. interests. If that aid were reduced to a point that Israel couldn't buy the equipment it needs to defend itself and maintain the peace, that would be dangerous to us.

I do, but just as Israel's economy is doing much better, the military threats against her are much greater. Look at what's happening in the region: the nuclear threat, the missile threat, where they are coming from, the distances involved from rogue regimes like Iran and Iraq.