this post was submitted on 14 Jun 2023
27 points (100.0% liked)

World News

32349 readers
514 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] Kachajal@lemmy.ml 4 points 1 year ago (1 children)

Russia posted a first-quarter deficit of almost 2.4 trillion rubles amid the war in Ukraine.

Putin has absolutely destroyed Russia's economy and population for decades to come, for absolutely no reason and no benefit.

That's just tragic.

[–] 133arc585@lemmy.ml 1 points 1 year ago (1 children)

Just FYI, 2.4 trillion rubles is only about $28 billion USD.

The USA alone has spent about $40 billion on the war. If we look at the state's deficit as a whole, not just war spending: the USAs first-quarter deficit is about $230 billion.

If you calculate the first quarter deficit as a fraction of the country's GDP, the difference between Russia and the USA is negligible. If you wouldn't say that the USA is "destroying the economy and population for decades to come" on the monetary front, it makes no sense to make that statement about Russia either.

[–] Kachajal@lemmy.ml 0 points 1 year ago* (last edited 1 year ago) (1 children)

You're right, I hadn't actually realized how small a number that was. That's almost suspiciously small, given the sanctions against Russia.

Mind you, I was also thinking of the sheer amount of brain drain and population drain Russia's war has resulted in for them.

Also, USA's spending on its military-industrial complex compared to its spending on every other part of its government is destroying its population, but that's another issue.

[–] 133arc585@lemmy.ml 1 points 1 year ago

Indeed, I think it'd be more accurate to say that both are hurting their people due to war spending rather than implying neither are.