The Israeli military has a lot of foreign aid behind it, but its ambitions often far exceed what they can actually afford, which means Israel is often deficit spending on the military, as they did during the recent Gaza war.
Finance Minister Yair Lapid, whose job it is to balance the books, warned they can’t afford such spending and need to dial back of their deficit spending and agree to only a smaller increase It fueled a quick backlash from hawks.
Prime Minister Benjamin Netanyahu insisted military spending needs to be increased by “many billions” annually, and claimed that deficit spending on wars was saving the Israeli economy by keeping foreign capital from leaving.
Air Force chief Major General Amir Eshel demanded a dramatic spike in funding for warplanes as well, saying “there’s no one in this room who’d be prepared to ride in a car as old as our planes.” Eshel went on to claim Israel might have to attack Iran at a moment’s notice, and that planes might be sent tomorrow, so they need to be heavily funded just in case. The oldest active plane in the Israeli Air Force is a 1971 C-130 Hercules transport plane.
9 thoughts on “Netanyahu: Israeli Economy Saved by Deficit Spending on War”
Yes, please, Israel. Many many billions of freshly printed shekels. And ask Washington for many many billions more in warcrap subsidy. Go Happy Merchant on the foreign capital. SAVE YOUR ECONOMY! DO IT! IT'S A GOOD PLAN!!!
Don't look to the US for funding–we, too, have our "deficit funding." We don't need to provide arms to Israel can bomb Palestinian women and children!
You don't really think the Congress gives a rat's #ss about our deficit spending? When it comes to funding the Israelis, there are no limits and not one bit of conscience as to what it is doing to America.
That's America's economic strategy, isn't it?
Now if only Obama would admit the same thing
Who said Keynesian economics don't work, just ask any War mongering US senator! Its stimulus, Its stimulus!
Ask them to stimulate other than War materiel though and see what you get!
A power combine of twelve family dynasties has a monopoly on the Israel economy, which is why the lower half of society is deliberately kept impoverished. A combine of slave-drivers actually, as the Western powers order them to above all things make sure the Palestine is kept totally bankrupt.
Someone needs to take Binyamin for a ride in an old car.
“…warned they can’t afford such spending and need to dial back of their deficit spending and agree to only a smaller increase It fueled a quick backlash from hawks.”
1. Correction: “Need to dial back their deficit spending…” (delete “of”
2. Correction: “…agree to only a smaller increase. This fueled…”
(insert “.” after “increase” and change “It” to “This”)
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