Rafi,Where did you see that quote? Does it appear in a news story?
I saw it in an article on walla newshttp://news.walla.co.il/?w=/9/1870502
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I think we have set an excellent precedent that we need to stick to: 1 Jewish life = 1027 arabs. Next time chas v'shalom one Jew is killed in a terror attack, we can calculate easily how many 500 kg bombs are needed for Gaza city.