War often leads to inflation, and while inflation is not directly responsible for recession, price increases and decreased economic activity often lead to a recession.
When I wrote about the resilience of the U.S. dollar weeks back, I had no idea we would step into another conflict. Granted, the Israel conflict is a conflict I support and understand, but it does not take much to figure out that bombing a territory while simultaneously sending billions in aid to the territory being bombed—Gaza—makes for an interesting narrative.
The United States has spent more than $75 billion on the Russia–Ukraine war, and that amount does not count the money given to allies to support the effort.
Between Jan. 24, 2022, and July 31, 2023, the United States has sent $26.4 billion in financial support, while $46.6 billion has gone to military expenses.
Now, President Joe Biden has asked Congress for $105 billion for Ukraine, Israel, and the border.
For a $180 billion, where does this leave us?
