How Israel Bonds Put the Cost of the War in Gaza on US States and Municipalities

THE NATION — The Israeli Finance Ministry has estimated the per diem cost of its government’s unremitting attacks on Gaza as $270 million. By midsummer, Israel is projected to have spent $50 billion, more than 10 percent of the nation’s total GDP. The Israeli government has taken on these costs by relying heavily on debt financing. The strategy is as old as the country itself….