Friday, August 26, 2022

Ukraine war

The war in Ukraine is causing a great deal of hardship on other European countries as the supply of natural gas coming from Russia diminishes. The average US household pays about $125 per month for electricity but in Europe it is ten times that amount and about to go much higher as winter comes on. It is quite surprising to many that these consumers are willing to make such a personal sacrifice to defend the Ukrainians. When the US agreed to send $40 billion to Ukraine, I posed the question would each working family in the country be willing to write a check for $300 to cover that. Here is a better question. Is financing the war in Ukraine worth paying $1,200 per month from now until the war is over. What would the response from Americans be on that question.

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