this post was submitted on 04 Nov 2024
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A report by Brown University’s Watson Institute reveals that since the beginning of the war, the US has spent more than $22 billion on military aid to Israel - from weapons and equipment to the deployment of aircraft carriers. Israel receives more U.S. military aid than any other country and is uniquely able to use that funding to spend on domestic goods.

The total amount of American aid since the start of the war is about NIS 85 billion ($22 billion) based on an average exchange rate by the Bank of Israel over the past year. Most has been delivered but about $5.2 billion will only arrive next year. According to official estimates from the Bank of Israel, the total cost of the war is estimated to be about NIS 250 billion ($65 billion), including around NIS 118 billion ($31 billion) for military costs including army operational costs, replenishment of military equipment, ammunition, and logistical support. Therefore, by a simple calculation, the U.S. has been funding about 70% of the war effort.

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[–] Alsephina@lemmy.ml 28 points 1 week ago* (last edited 1 week ago) (1 children)
[–] CommunistBear@hexbear.net 10 points 1 week ago

That would cause GDP to go down. And we all know line can NEVER go down