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Janet Yellen in Ukraine
Janet Yellen in Ukraine
Treasury Secretary Janet Yellen visits Ukraine in February 2023 (President of Ukraine / Flickr)

Foreign Policy

Biden Treasury Secretary: We Can ‘Absolutely’ Afford A Second War

“We do need to come up with funds, both for Israel and for Ukraine. This is a priority.”

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In recent remarks by Treasury Secretary Janet Yellen, she implied that the main reason House Republicans need to choose a new speaker is to ensure America can continue providing financial support for wars in Israel and Ukraine. Yellen’s comments have ignited a heated debate, with discussions centering around the allocation of funds and the role of the United States in international conflicts.

Yellen’s statements came during an interview where she discussed the potential impact of funding military aid to both Israel and Ukraine. She expressed confidence that the United States can afford to support these countries in their ongoing conflicts with Hamas and Russia, respectively. Yellen emphasized the bipartisan backing in Congress for aiding Ukraine and maintaining military assistance to Israel.

“We do need to come up with funds, both for Israel and for Ukraine. This is a priority”, Yellen insisted. “It’s really up to the House to find, seat a speaker and to put us in a position where legislation can be passed.”

She continued, “We stand with Israel. America has also made clear to Israel, we’re working very closely with the Israelis, that they have a right to defend themselves. But it’s important to try to spare innocent civilian lives to the maximum extent possible.”

“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, Biden’s Treasury secretary concluded.”

The implications of Yellen’s remarks sparked intense reactions from various quarters. Supporters argue that the United States has a responsibility to assist its allies in times of need, both in terms of geopolitical stability and honoring existing commitments. They contend that maintaining military aid to Israel and providing support to Ukraine aligns with longstanding U.S. foreign policy objectives.

Opponents, however, raise concerns about the prioritization of war funding over domestic issues and the potential repercussions on the American economy. They argue that the allocation of resources towards international conflicts may divert attention and resources away from pressing domestic matters, such as infrastructure, healthcare, and education. Additionally, critics question the sustainability of funding multiple wars simultaneously, citing potential strains on the nation’s budget and resources.

The debate surrounding Yellen’s comments also intersects with the ongoing discussions regarding the selection of a new House Speaker. Some argue that Yellen’s implicit message highlights the urgency for House Republicans to choose a leader who aligns with the priorities of funding international conflicts effectively. They assert that a new speaker should possess the necessary skills and experience to navigate complex foreign policy decisions while safeguarding American interests.

On the other hand, skeptics caution against interpreting Yellen’s comments as the sole or primary reason for the need to choose a new House Speaker. They contend that the selection process should consider a broader range of factors, including leadership qualities, policy expertise, and the ability to foster bipartisan cooperation.

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Vincent Dela Cruz
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