Treasury Sec. Janet Yellen told Sky News in an exclusive interview Monday that the United States can “certainly afford two wars” at once.
Host Wilfred Frost asked whether the U.S. can afford to finance a second war with the U.S. being in a weak fiscal position.
“In terms of what this all means, Paul Tudor Jones, the famed investor, was on CNBC this week, and he said, ‘This is the most threatening and challenging geopolitical environment that I’ve ever seen. At the same time, the U.S. is in its weakest fiscal position since World War II, with debt-to-GDP at 122 percent.’ Can — can America, can the West afford another war at this time?”
