Israelis to have insurmountable debt, Netanyahu must quit now - MK
S E E D E D C O N T E N T
Israel is facing an impending economic catastrophe that could burden the state with insurmountable debt for generations to come, Knesset State Control Committee chairman MK Mickey Levy (Yesh Atid) said, calling for Prime Minister Benjamin Netanyahu to immediately resign from power with our without elections.
Levy criticized the prime minister for prioritizing personal survival over the welfare of Israel, stating, "He only thinks of himself. All of his moves are designed to preserve his own survival, and these far outweigh the decisions he's made for the benefit of the state." He further claims that even within the Likud Party, there is widespread dissatisfaction with Netanyahu's conduct, asserting that he has caused heavy damage to the party.
The Yesh Atid lawmaker called for a state commission of inquiry to be established ahead of elections in order to urgently investigate what Levy considers to be the biggest failure in Israeli history. According to him, Netanyahu can't continue as prime minister after a failure of this magnitude.
A disastrous budget for Israel set to cause insurmountable debt
Expressing concern over the state budget, Levy accused it of "looting" funds for unnecessary purposes, and that this was not exclusive to all the money earmarked for Israel's haredi (ultra-Orthodox) sector. He stressed the importance of equal opportunities in education and criticized the inclusion of unnecessary expenditures, such as allocating over NIS 600 million for promoting Jewish identity.
Levy predicted that the 2024 budget will worsen Israel's economic situation, burdening future generations with insurmountable debts. He warned that Israel's GDP will decrease, the deficit will soar, and external debt will continue to rise.
The lawmaker suggested closing at least 10 ministries that he deemed to be redundant, especially during times of war when every shekel should be directed towards the war with Hamas.
OFF-TOPIC COMMENTS WILL BE DELETED WITHOUT WARNING.
Tags
Who is online
234 visitors
This is a side of the war that no one has been talking about.
The Jerusalem Post posted an article on the lack of investment in infrastructure and the shortfall that is part of this.
the prospect of turning off the federal aid spigot to israel in the next budget would expedite bibi's exit, the creation of a 2 state peace solution, and be a valuable legislative lever against the maga thumper scum in the house.
Exactly, stopping aid to Israel would end the corruption in the PA and encourage Hamas to lay down their weapons.
... probably not, but the mere discussion would create a homeless corrupt autocrat to face trial and also work towards eliminating the radical religious ultra nationalists whose support for anti palestinian activities have helped instigate this current war for decades.
You think it is just Republicans that are funneling money to Israel? How cute. Only a very vocal, belligerent, minority of Democrats are calling for no aid to Israel.
Look which politicians get the vast majority of AIPAC funding- the top ones are Democrats.
The Democrats in the Senate aren't going to hang Israel out to dry. They already failed trying to tie Ukraine/Israel funding to a secure the border package. Republicans in the House completely rejected that deal. Democrats hold no cards right now. They are so desperate to ship 100 plus billion more off to Ukraine they will do just about anything.
Israel will get their money. There is nothing Brandon can do to stop it- without looking like a bigger terrorist sympathizer than he already is. Republicans are already bludgeoning him with caving to Iran.
Israel, like NATO, Ukraine, Taiwan, is the tail that wags the US dog.
The three intifadas turned Israel to the right.
show me where I mentioned republicans in my comment.
Would you ever consider calling a democrat this?
that depends, I'll assume you mean american democrats. how many are in the israeli knesset?
Don't know...don't care
We know you would never consider a leftist/democrat as radical religious ultra nationalists, as in your mind, only those that lean right can fit that description, hence Ronin's post rings true.
OK EVERYONE BACK TO THE TOPIC. NO MORE WARNINGS.
Parts of this thread were removed for off topic.
You certainly seem to have it in for Netanyahu. What would getting rid of him now accomplish?
Once again Greg, I'll say I have no use for Netanyahu, that is a fact so there is no need for you to keep posting the ''You certainly seem to have it in for Netanyahu.''....
A better question would be to ask the Israelis that question because there are a few million who want that to happen.
This war will have a significant impact on Israel’s economy. First there are the war expenses, then a reduced labor force, both the IDF call up of the reserves and fewer Palestinians working in Israel. There is also likely a hit on investments given the uncertainty of the effects of the first two.
Of course the Gazan economy which already sucked is now going to be devastated from the loss of infrastructure and completely disrupted labor.
looks to me like there's going to be lots of construction jobs available after the shooting stops...
If someone is willing to pay for it.
You think Israel is going to lift their blockade on Gaza they have had in place since 2007 once this is over?
Can't rebuild w/o materials.
Maybe you meant jobs erecting tents; clearing the rubble (doing it by hand is going to take forever- so there is job security); disposing of the dead; trying to maintain sanitation so no disease outbreaks occur; and protecting aid workers and supplies. There is always rebuilding the tunnel system between Gaza and Egypt; but that is a high risk job- and I am sure Israel will have Egypt properly threatened to keep them from reforming.
Israel had many foreign workers from Thailand, Nepal, Ski Lanka the Philippines many were killed on 10/7 others were taken hostage. I doubt if you'll see any foreign workers for a very long time. Many work in the farming area and Israelis are currently struggling to maintain the farms, harvest, and plant crops.
Yes, Hamas was an equal opportunity murderer, killing anyone they found regardless of nationality.