On March 8, President Joe Biden declared, in a speech announcing a ban on imports of Russian oil and gas, that these and other actions taken by the United States government “to inflict further pain on [Russia President Vladimir Putin]” would “cost us as well, in the United States.”
Since then, the US government’s economic sanctions on Russia — as well as spending, military training, intelligence sharing, and weapons transfers to attack the Russian military — have increased as the economic conditions in America have declined. Some of that economic decline is a result of the actions against Russia, as Biden suggested would be the case. Other parts of the decline have other causes.
Tag: cost
In March of 2003, as the United States military prepared for its imminent invasion of Iraq, Paul Wolfowitz suggested to US Congress members that the US would not foot the bill for rebuilding Iraq after the devastation the US invasion would bring to the country. Wolfowitz, who was then deputy secretary of defense, assured Congress members that Iraq, through its oil revenue, could pay for its own reconstruction.