Yellen: We Have Additional Deficit Challenges Due to Rates, But We Don’t Need to Pay for Israel, Ukraine Spending

On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen acknowledged that we do need to have a fiscally responsible path, especially since “the higher interest rate environment does pose additional challenges” but we don’t need offsets for Israel and Ukraine spending since they are emergency spending.

After Yellen pushed for the aid package proposed by the Biden administration for Israel and Ukraine, co-host Andrew Ross Sorkin asked, “[W]e are having our debt and deficit go up and up and up and up and up. We had Stan Druckenmiller on our program recently. He said, we are spending like drunken sailors. Don’t forget, pre-COVID, the federal government was 20% of GDP. Now, it’s 25% of GDP. My father told me, if you’re in a hole, stop digging, Stan. And so, the question is, if we’re going to be spending this money, are there offsets? Should we be thinking about offsets? Or is that the wrong way to think about it in the context of war and national security?”

GASLIGHTING.....”We can’t allow Ukraine to lose a battle on the homefront because it lacks enough money to keep schoolteachers in the classroom and first responders on the job when it’s fighting valiantly on the battlefield.

WE DONT CARE ...... “Ukraine is utterly dependent on this aid,
............................And, of course, Israel urgently needs aid as well”......

PURE BS.....”this aid is critical to the national security of America, if Putin were to win this brutal
war in Ukraine, next, we might see him attacking a NATO ally of ours. We need to stop this.”

JOE WHO? “Its Joe Biden’s priority.”

Yellen is braindead WRT the only reasonable response to foreign govts begging for US tax dollars:

<><> the vast majority of Americans are sick of their tax dollars being looted
<><>and seeing the weapons needed to protect our own country
<><>being wasted on faroff wars
<><>wars that have nothing at all to do w/ the safety and security of Americans
<><> and, frankly, are none of our damn business......

Since 1973, Israel has received more than
$120 billion US tax dollars in MILITARY assistance alone,
including “three special US aid” packages:
<>US billions just for signing the Israel-Egypt peace treaty
<>US billions just for Israel’s withdrawal from the Sinai.
<>US billions just for redeployment of Israeli forces
<>rebuilding Israeli air bases in the Negev cost US taxpayers $5 billion.

Besides weaponry, Israel also receives billions in
<><> US economic and US humanitarian foreign aid,
<><>US tax dollars to support Israel’s broad economic development,
<><>US tax dollars to support sociopolitical stability,
<><> and non-military support related to Israel’s pressing security needs.

Military aid and armaments from US taxpayers have blanketed Israel over the years. They have more than enough resources, now, to nail Hamas and Hezbollah. Wealthy Israel has very low debt, and actually had a budget surplus this year.

The US is $33 trillion in debt, a debt which future generations are saddled with.

And let’s not forget, an integral part of the billions of US tax dollars flowing to Israel is conditioned on Israel sharing w/ the US, the crucial intel Israel gathers in the volatile Mideast.

Clearly, that did not happen vis a vis 9/11 when 4000 Americans lost their lives. We should have been warned since 9/11 was plotted in Israel’s backyard.

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