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Jerusalem Post/Business & Innovation/Banking & Finance

Why are the US and Israel drowning in debt?

The US debt crisis is far more serious. But for us who live in Israel, our borrow-spend-borrow habit spells big trouble.

 An illustrated image of the US and Israeli flags being splashed by a rising tide of water, beneath which are US dollars and Israeli shekels to symbolize the rising tide of debt.
An illustrated image of the US and Israeli flags being splashed by a rising tide of water, beneath which are US dollars and Israeli shekels to symbolize the rising tide of debt.
(photo credit: RONEN ZVULUN/REUTERS)
BySHLOMO MAITAL
JUNE 16, 2023 23:21
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finance|
economy|
israeli politics|
Money|
debt


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