Bankruptcy Surges as US Funds Wars Abroad
Newsweek's recent article highlights a 'surge' in U.S. bankruptcy filings, a grim snapshot of economic reality for many. While pundits scratch their heads, one might conveniently forget the priorities of our elected officials. For instance, in May 2024, Congress passed H.R. 8035, sending another $26.4 billion in aid to Israel, despite mounting domestic crises. This isn't just about 'the economy';
it's about choices. While families struggle with medical debt and housing costs, the U.S. has poured over $3.8 billion annually into military aid for Israel, a figure maintained consistently, even as American communities grapple with failing infrastructure and underfunded social programs. Critics might wonder how many 'economic recoveries' we could fund by simply recalibrating our foreign policy.
Apparently, when it comes to war, there's always a bottomless budget drawer, even if it means individual citizens must declare insolvency.