Israel has extracted $124 M per day from the U.S. Treasury for an entire year, much of it hidden behind opaque appropriations and congressional loopholes.
According to Brown University’s Costs of War project, Washington has shouldered 70% of Israel’s military costs since Oct 7, 2023. That includes $17.9 B in direct aid, $4.86 B in Pentagon regional ops, $20.3 B in deferred arms deals, and billions more in shipping losses, stockpile transfers, and corporate handouts.
The past 12 months have drained $17.9 B in direct aid, $20.3 B in new contractual obligations, $4.86 B (and climbing) in Pentagon regional costs, and $2.1 B in trade losses, a $45.16 B extraction. That works out to $124 M every day, $5.1 M every hour, funneled from American households to a foreign military and a handful of weapons conglomerates that treat the U.S. Treasury like an open vein.
Source: Michael Roberts Blog (via Facebook page)
Michael Roberts
Michael Roberts worked in the City of London as an economist for over 40 years. He has closely observed the machinations of the global capitalism from within the dragon’s den. Since retiring, he has written several books. The Great Recession – a Marxist view (2009); The Long Depression (2016); Marx 200: a review of Marx’s economics (2018): and jointly with Guglielmo Carchedi as editors of World in Crisis (2018). He has published numerous papers in various academic economic journals and articles in leftist publications.
