You can dismiss this site as biased if you wish, but
http://www.jewishvirtuallibrary.org/jsource/myths/mf23.html#c brings up some very valid points:
Israel's standing army is smaller than those of Egypt, Iran and Syria. Even with its reserves, Israel is outmanned by each of the first three....During the 1990's, the Arab states and Iran imported more than $180 billion worth of the most sophisticated weapons and military infrastructure available from both the Western and Eastern blocs. They continue to spend approximately $30 billion annually on their armed forces...While Israel spends approximately $9 billion on defense, Saudi Arabia alone spends more than $20 billion.What happened in 1967 is not a guarantee for future IDF performance. Indeed, a lot of questions are being asked in Israel regarding how things went in the recent Lebanese shoot-em-up.
Dan LeClair
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