We have not heard yet what %age of US GDP is attributable to war arms manufacturing but one can imagine if the US war materials were removed from its GDP that it too would be verging on recession (not to mention its ever increasing budget deficits which in essence is goosing its economy rather than properly taxing its citizens and corporations and balancing the budget)
Surely that too is "short termism" unless the US intends later to burn its bond holders.
This Ukrainian War together with the Gaza bold-on will, IMO, mean increasing US budget deficits making its financing of a protracted Ukrainian war more doubtful . Trump has foreshadowed that already.
