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Cake day: July 8th, 2023

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  • This.

    It was always a white lie to claim the US was sending Ukraine billions in aid. The Democrats liked to pump up the numbers, because supporting Ukraine was and is politically popular. And the spending bills also contained nice pork for the military industrial complex.

    But it has almost exclusively been old stock being sent. Stuff that is very valuable, since no other Ukrainian ally has the huge stockpiles that the USA has, but it was always worth much less than it was being billed for.

    Now Biden is following a more boring, but more honest (in accounting terms) procedure.

    Similar to what the Germans did.

    As for helping Americans, he has also explored every possibility to reduce debt and prescription drug costs and to invest in infrastructure.

    For example, much more has been spent on student loan forgiveness than on Ukraine.

    For student loan forgiveness, I believe the tally is $137B. And that is real cash. For Ukraine the total is $75B, but a lot of that is pumped up valuations of old military stock. The actual value of what Ukraine received is closer to $40B