Biden Treasury Secretary Janet Yellen said the United States can afford sending billions of taxpayer dollars to both Israel and Ukraine to fund wars in both countries.
On Monday, Israel asked the US for $10 billion in emergency military aid.
The New York Times reported that the package is being put together in a bill by Congress in coordination with the Biden administration.
Senate Majority Leader Chuck Schumer said US lawmakers had discussed providing Israel with 55-millimeter ammunition, replacement ammunition for the Iron Dome missile defense system, precision-guided bombs, and JDAM kits to turn standard bombs into precision munitions.
This comes as the US is over $30 trillion in debt while Americans suffer from soaring taxes and inflation.
However, Yellen has no concerns about sending billions of dollars to Israel despite the fact the US has already sent over $80 billion to Ukraine.
“America can certainly afford to stand with Israel and to support Israel’s military needs, and we also can and must support Ukraine in its struggle against Russia,” Yellen said in an interview with Britain’s Sky News.
Yellen reaffirmed financial support for Israel while urging caution over civilian deaths amid the major counteroffensive into the Gaza Strip.
“America has also made clear to Israel, we’re working very closely with the Israelis, that they have a right to defend themselves,” Yellen told Sky News.
“But it’s important to try to spare innocent civilian lives to the maximum extent possible.”
Yellen said Israel and Ukraine were a “priority,” and the US “need[s] to come up funds, both for Israel and for Ukraine.”
Q: “Can America.. afford another War at this time?”— ALX 🎃 (@alx) October 16, 2023
Janet Yellen: “I think the answer is absolutely” pic.twitter.com/pZWJgTsuly
She actually said this, while we are running deficits over $2 trillion per year.— Wall Street Silver (@WallStreetSilv) October 16, 2023
Janet Yellen: US Treasury secretary says
'We can certainly afford two wars' pic.twitter.com/6IdSbzCZga
Meanwhile, Gaza faces a large humanitarian crisis with no electricity and diminishing water, food, fuel, and medical supplies.
The conflict began last week when Hamas initiated Operation Al-Aqsa Flood, a surprise attack that included a barrage of rocket launches and infiltrations into Israel.
Israel retaliated by launching Operation Swords of Iron against Hamas targets within the Gaza Strip.
So far, 1,400 Israelis have been killed in the conflict.
At least 2,808 Palestinians, including 750 children, have been killed.