In a Sky News interview released Monday, Treasury Secretary Janet Yellen gave a similar answer when asked whether the US could afford to fund another war at this time: "I think the answer is absolutely. America can certainly afford to stand with Israel and to support Israel's military needs. And we also can and must support Ukraine in its struggle against Russia."
Rear Admiral Daniel Hagari, the chief spokesman for the Israel Defense Forces, said Saturday that Israel's goal in Gaza is "The rout of Hamas and the elimination of its leaders after the slaughter they perpetrated."
Last Friday, Israel told the 1.1 million people living in northern Gaza to leave their homes and move to the southern half of the territory.
The Hamas attacks revealed blind spots in Israel's monitoring of hostile activities within Gaza.
As Hussein Ibish laid out in The Atlantic last week, the intended effect of Hamas' terrorist attacks is "Precisely the ground assault Israel is now preparing." If a battle in Gaza City is what Hamas wants, we should not expect a quick and easy victory for the IDF. If an overwhelming defeat of Hamas is even possible, it will be enormously costly to achieve in terms of time, resources, and lives.
Biden and Yellen's calls to fund the wars in both Gaza and Ukraine would put a heavy financial burden on the American people-forcing us to pay for military campaigns that will almost certainly fail.
Waging war requires a massive amount of real resources like steel, textiles, food, human labor, and computers.
https://mises.org/wire/no-we-cannot-afford-fund-yet-another-war
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