The problem is that this has limited benefit to 99% of the people in this country. It actually creates more problems for us because much of the Arab world hates us as a result of our blind support for Israel, or at least a lot more than they otherwise would. This would be bad if it didn't cost us any money, but the fact that are spending hard-earned taxpayer dollars to make this happen makes it even worse.
Some expenditures are good and justified. In fact, many of them are. Not this though. 100% wasteful.