Really Big Numbers and the Ukraine Funding Request

Source: Beat the Press
by Dean Baker

“The Biden administration has run into a brick wall, or at least MAGA lunacy, in its $60 billion funding request for Ukraine. A big part of its problem is that many people are debating this funding with the idea that it requires pulling away money from other important programs or that it will be a huge increase in the nation’s debt. This is not true, but the widespread belief that $60 billion is a large amount of money to the federal government is a major obstacle to getting the request through Congress. The federal government is projected to spend more than $6.6 trillion this year, which means that the Ukraine funding request will be a bit more than 0.9 percent of the federal budget.” (02/08/24)