Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 2,318
this article claims that the much overhyped idf has only made two miles into lebanon
anyone have any proof that this is not the case
as usual, the marxists have the real story
"...According to the Finance Ministry, by the end of last September the direct cost of the war had reached $29 billion. Since then, it has soared with the assault on Lebanon, the heavier fighting in Gaza and the strikes on Iran. Tens of thousands of reservists have been called up and ammunition is being used up at an immense rate. The daily costs have risen from $110 million to $135 million, a sum that would build a dozen much needed schools.
The ratings agencies have downgraded Israel’s credit rating, while foreign investors have reduced their exposure to Israeli debt. The economy, which has still not recovered from the collapse suffered during the first months of the war, when some 350,000 reservists were called up, is now smaller than it was on October 7, 2023. Israel’s much vaunted high-tech sector is struggling. Intel Israel is to lay off hundreds of workers. Investment in plant and equipment is down. The travel and tourism industry is at a standstill as flights are cancelled due to the war.
Last month, following Iran’s missile attack, Chevron, which operates Israel’s Leviathan gas field, announced it was suspending work on a $429 million expansion project due to the “security situation.” Further Israeli attacks on Iran, particularly its oil facilities, could trigger a far wider war, creating a global oil shortage and raising the cost of imported petroleum with ripple effects throughout the economy.
The 2025 state budget at $163 billion is about $4.8 billion more than this year and includes a massive $27.2 billion increase for the military that could rise to $40.1 billion. It follows the 2024 budget that, despite the war, contained no tax increases or significant spending cuts, ran up a big budget deficit and postponed the bill till later.
Finance Minister and Religious Zionist leader Bezalel Smotrich is proposing steep spending cuts as well as tax increases to finance the war—currently estimated to cost $66.8 billion by the end of this year—and plug a $10.7 billion deficit in 2025. Nevertheless, the budget deficit will reach 4.4 percent of GDP, higher than the planned 2.25 percent due to the rising cost of the war.
comrade stalin
gaza
anyone have any proof that this is not the case
as usual, the marxists have the real story
"...According to the Finance Ministry, by the end of last September the direct cost of the war had reached $29 billion. Since then, it has soared with the assault on Lebanon, the heavier fighting in Gaza and the strikes on Iran. Tens of thousands of reservists have been called up and ammunition is being used up at an immense rate. The daily costs have risen from $110 million to $135 million, a sum that would build a dozen much needed schools.
The ratings agencies have downgraded Israel’s credit rating, while foreign investors have reduced their exposure to Israeli debt. The economy, which has still not recovered from the collapse suffered during the first months of the war, when some 350,000 reservists were called up, is now smaller than it was on October 7, 2023. Israel’s much vaunted high-tech sector is struggling. Intel Israel is to lay off hundreds of workers. Investment in plant and equipment is down. The travel and tourism industry is at a standstill as flights are cancelled due to the war.
Last month, following Iran’s missile attack, Chevron, which operates Israel’s Leviathan gas field, announced it was suspending work on a $429 million expansion project due to the “security situation.” Further Israeli attacks on Iran, particularly its oil facilities, could trigger a far wider war, creating a global oil shortage and raising the cost of imported petroleum with ripple effects throughout the economy.
The 2025 state budget at $163 billion is about $4.8 billion more than this year and includes a massive $27.2 billion increase for the military that could rise to $40.1 billion. It follows the 2024 budget that, despite the war, contained no tax increases or significant spending cuts, ran up a big budget deficit and postponed the bill till later.
Finance Minister and Religious Zionist leader Bezalel Smotrich is proposing steep spending cuts as well as tax increases to finance the war—currently estimated to cost $66.8 billion by the end of this year—and plug a $10.7 billion deficit in 2025. Nevertheless, the budget deficit will reach 4.4 percent of GDP, higher than the planned 2.25 percent due to the rising cost of the war.
Israel’s war budget points to a deepening economic, social and military crisis
With the war, already the longest and most expensive Israel has ever fought, now expanding to Lebanon and Iran, the proposed tax hikes and spending cuts will likely deepen before the Knesset approves the budget in three months’ time.
www.wsws.org
comrade stalin
gaza
