this post was submitted on 04 Dec 2023
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White House warns Congress the US is out of money, nearly out of time to avoid 'kneecap' to Ukraine (apnews.com)
submitted 10 months ago by MicroWave to c/world
108 comments fedilink hide all child comments
 

The Biden administration on Monday sent Congress an urgent warning about the need to approve tens of billions of dollars in military and economic assistance to Ukraine, saying Kyiv’s war effort to defend itself from Russia’s invasion may grind to a halt without it.

In a letter to House and Senate leaders and also released publicly, Office of Management and Budget Director Shalanda Young warned the U.S. will run out of funding to send weapons and assistance to Ukraine by the end of the year, saying that would “kneecap” Ukraine on the battlefield.

She added that the U.S. already has run out of money that it has used to prop up Ukraine’s economy, and “if Ukraine’s economy collapses, they will not be able to keep fighting, full stop.”

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[–] [email protected] 20 points 10 months ago (1 children)

Well, we do already fund a ton of foreign aid all over the world, so quite a lot of that is already happening. But to address those particular things: homelessness is not a problem where simply throwing money at it magically solves it; it's incredibly complex. New York City alone spends 3.5 billion dollars a year just on homelessness. The only financial solution to gun violence is to bribe the SCOTUS to repeal DC v. Heller. Drug policy is largely in the hands of the states, but even then, there's no simple solution to it, particularly when you have to deal with local politics for things like treatment facilities. Prisons are largely state operated. Personal debt is largely outside the scope of the federal government, but even then, student loan forgiveness was attempted. But to throw a number at it, redirecting all Ukraine aid towards individual credit card debt would pay for only 10% of it.

Are there particular federal programs of comparable financial impact with sufficient political support that you think would pay significant returns if boosted by foreign aid money (ignoring the general decline in global stability that would ensue).

Will you be willing to pay higher taxes to fight off the drug cartels in Central and South America?

I mean, the economic dividends there are obvious. If it really was as simple as throwing some money at Central and South America in order to make the cartels vanish forever and turn those countries into stable countries that we could do significant trade with, we'd earn far more than we paid. But that price tag doesn't actually exist, because these problems are more complicated than simply throwing money at them.