How might Ukraine’s war effort go bankrupt? Developments over the past few weeks recall the words of Ernest Hemingway: “Two ways. Gradually, then suddenly.”
Should that prove true, it will spell bad news not only for those insisting on an unconditional Ukrainian victory, but also for those pressing for a diplomatic settlement of the conflict.
The gradual part is already well underway. The U.S. Congress’s decision to pass a “clean” stopgap spending bill over the weekend to fund our government for another 45 days — bowing to pressure from some GOP members to strip Ukraine aid from the bill — is the latest sign of how quickly the political tide has begun to turn. Such a vote would have been unthinkable last December, when…
