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Report No. 2600123 October 202621:13

5 Facts About: “Israel Is Running Out of Money” (Solo Fonseca)

Analyzed piece“ISRAEL se está QUEDANDO SIN DINERO: El problema que NETANYAHU no puede solucionar” (Israel is running out of money: the problem Netanyahu cannot solve)Solo Fonseca · 17 September 2026 · view original ↗

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73/100

OMD Veracity Index
Medium

62 claims verified in the piece

  • 33 True
  • 19 Misleading
  • 7 False
  • 2 Insufficient evidence
  • 1 Interpretive dispute
Report
No. 26001 · v01
Cut-off date
22 September 2026
Scope
Israel and the Greater Middle East

In this report we analyze the video “ISRAEL se está QUEDANDO SIN DINERO: El problema que NETANYAHU no puede solucionar” (“Israel is running out of money: the problem Netanyahu cannot solve”), published on September 17, 2026 on the YouTube channel Solo Fonseca (https://www.youtube.com/watch?v=lyz3vFq5n5U). Using an informative format with black humor, the video argues that Israel faces a large-scale economic crisis stemming from the cost of its wars and attributes much of the problem to the ultra-Orthodox population.

Summary of the analysis

The video contains 62 verifiable factual claims: 33 true, 19 misleading, 7 false, 2 with insufficient evidence and 1 interpretive dispute. Its OMD Veracity Index is 73 out of 100 (weighted base: 73.5), and no penalty had to be applied, since no serious misleading or false claims were found during the analysis.

The macroeconomic and public opinion figures come from reliable sources and are, in general, properly cited. In the economic area, currency conversions are assessed at the average exchange rate for September 2026, which was around 3.03 shekels per dollar.

The main veracity problems we found in this analysis are concentrated in the central thesis (“Israel is running out of money”) and especially in the block on the ultra-Orthodox population, where 8 of 13 claims are misleading or false.

OMD: Datos Vrs Relatos is a production of CEJAPIM — Centro de Estudios Judaicos y Análisis Político de Israel y el Medio Oriente (Center for Judaic Studies and Political Analysis of Israel and the Middle East). This English version is a translation of the original report in Spanish. More episodes (in Spanish) at https://cejapim.org/omd-tv/.

5 Facts

What was said and what the sources say

The 5 blocks of the programme with the 26 claims we cover in the video, out of the 62 verified in the full report. Each one with its verdict, its context and its sources. Quotes from the analyzed video are our translation from Spanish. The remaining claims, the methodology and the calculation of the index are in the full report.

Block I

Financial cost of the conflict

14 claims: 8 true, 5 misleading and 1 false. The cost figures are solid; the conclusion drawn from them is not.

  1. Claim I.1Relevance 2 · Supporting

    True

    The war costs “more than 3 billion dollars every week”
    Why it is “True”: context and sources

    The Ministry of Finance estimated NIS 9.5 billion per week at the start of the war with Iran, with the economy almost paralyzed. It is a peak figure, not an average.

    Sources

    1. Globes, March 2026
  2. Claim I.2Relevance 3 · Central

    True

    Israel spent NIS 350 billion between 2023 and 2026, “about USD 118 billion”
    Why it is “True”: context and sources

    The Bank of Israel put spending at more than NIS 352 billion at the beginning of 2026. An analysis by Zman Yisrael (the Hebrew-language service of The Times of Israel) published in June 2026 puts the cost to the government at about USD 118 billion, based on Bank of Israel data. At the current exchange rate (≈3.03 NIS/USD), NIS 350 billion ≈ USD 115 billion. The Zman Yisrael analysis was consulted through its reproduction by the Turkish state news agency Anadolu in Hürriyet Daily News; the original was not consulted.

    Sources

    1. ZENIT
    2. Hürriyet Daily News (Anadolu), reproducing Zman Yisrael
    3. MTFX, exchange rate
  3. Claim I.5Relevance 2 · Supporting

    True

    The war with Iran cost NIS 35 billion, “about USD 11 billion”
    Why it is “True”: context and sources

    The Ministry of Finance put it at NIS 35 billion, equivalent to USD 11.5 billion.

    Sources

    1. Haaretz
  4. Claim I.6Relevance 1 · Peripheral

    False

    That figure is equivalent to “everything Spain spends on health care in a year”
    Why it is “False”: context and sources

    Spanish public health expenditure was EUR 101,739 million in 2024, about USD 110 billion at that year’s average exchange rate (≈1.08 USD/EUR): almost ten times the USD 11.5 billion cost of the war with Iran.

    Sources

    1. Ministry of Health (Spain), Estadística de Gasto Sanitario Público 2024
  5. Claim I.8Relevance 2 · Supporting

    Misleading

    Debt rose from NIS 1.07 trillion to NIS 1.4 trillion (≈USD 480 billion): “almost USD 130 billion” more
    Why it is “Misleading”: context and sources

    The debt figures are consistent with official data and with a level close to 70% of GDP. However, from NIS 1.07 trillion to NIS 1.4 trillion the increase is about NIS 330 billion, equivalent to approximately USD 113 billion using the exchange rate implied by the video’s own figures, not “almost 130 billion”.

    Furthermore, the increase in debt is not equivalent to the cost of the war. The Bank of Israel estimates the fiscal cost of the war at about NIS 350 billion for 2023–2026 and notes that approximately half of the war costs were financed through debt.

    Sources

    1. Globes, debt ratio
    2. MTFX, exchange rate
  6. Claim I.10Relevance 3 · Central

    True

    Public debt rose from 60% to around 70% of GDP
    Why it is “True”: context and sources

    Bank of Israel: 68.5% in 2025 and 70% projected for 2026.

    Sources

    1. Globes
    2. The Conversation
  7. Claim I.13Relevance 3 · Central

    Misleading

    “Israel is running out of money”
    Why it is “Misleading”: context and sources

    The Bank of Israel warns that the pace of spending is unsustainable, not of insolvency. At 70% of GDP, Israeli debt is lower than that of Spain, France or the United States, which exceed 100%.

    Sources

    1. Globes
    2. The Conversation

Block II

International backing

10 claims: 6 true, 2 misleading, 1 false and 1 with insufficient evidence. The polls and the Trump quote hold up; the comparison with Russia and the −16 figure among young Republicans do not.

  1. Claim II.1Relevance 1 · Peripheral

    True

    Trump said: “If I weren’t president, Israel would no longer exist”
    Why it is “True”: context and sources

    A genuine and well-documented statement. Trump said, in a call to Fox & Friends (Jul 28, 2026): “if I weren't president of the United States, Israel today would not exist”; days earlier, to Hugh Hewitt (Jul 13, 2026), in similar terms: “I think Israel would not exist today if it were not for me and Netanyahu”. Both statements were made while defending the U.S. strikes on Iranian nuclear facilities. The video’s quote is a close paraphrase of these two remarks, not a verbatim transcription of either one.

    Sources

    1. Infobae/EFE, Jul 13, 2026
    2. Mediaite, Jul 28, 2026
  2. Claim II.2Relevance 2 · Supporting

    True

    The United States has given Israel USD 158 billion since World War II, more than any other country
    Why it is “True”: context and sources

    This is the nominal figure from the Congressional Research Service (CRS) for 2022–2023. It does not include the supplemental appropriations approved after October 7 and, adjusted for inflation, it exceeds USD 300 billion.

    Sources

    1. CRS
    2. Council on Foreign Relations
  3. Claim II.3Relevance 2 · Supporting

    True

    Aid amounts to USD 3.8 billion a year, guaranteed for now
    Why it is “True”: context and sources

    Memorandum of understanding in force until 2028, with USD 500 million a year for missile defense.

    Sources

    1. Council on Foreign Relations
  4. Claim II.7Relevance 1 · Peripheral

    Misleading

    Israel’s net favorability among Republicans under 50 went from positive in 2022 to −16
    Why it is “Misleading”: context and sources

    The claim that “Israel’s net favorability among Republicans under 50 went from positive in 2022 to −16” is not supported by the data published by Pew Research Center.

    Pew does document a significant deterioration in views of Israel among young Republicans. In 2022, among Republicans aged 18 to 49, 63% had a favorable view of Israel and 35% an unfavorable view, which yields a net favorability of +28 points. By 2025, the figures had shifted to 48% favorable and 50% unfavorable, equivalent to a net favorability of −2 points.

    In the survey conducted March 23–29, 2026, Pew found that 57% of Republicans aged 18 to 49 had an unfavorable view of Israel, compared with 50% in 2025. However, for that specific group Pew does not provide the corresponding favorable percentage in that publication. Therefore, a net favorability of −16 cannot be calculated from those data.

    Furthermore, a later Pew survey, conducted May 4–17, 2026, allows an even more detailed look at the relationship between age and party identification, although it uses a different question. Among Republicans or Republican-leaning independents aged 18 to 29, 42% had a favorable view of the Israeli people, compared with 55% among those aged 30 to 49, 75% among those aged 50 to 64 and 83% among those aged 65 and over. For the Israeli government, the percentages were 28%, 38%, 61% and 75%, respectively.

    These latter data confirm that there is a very marked generational gap within the Republican electorate, but they cannot be used to reconstruct the −16 figure, because in this case Pew is asking about the “Israeli people” and the “Israeli government”, whereas the March survey asks about “Israel” as a country. They are different objects of evaluation.

    Therefore, the methodologically correct conclusion is that the video correctly identifies a real trend—the deterioration of views of Israel among young Republicans—but presents as a specific measurement a figure of −16 that cannot be derived from the data published by Pew for Republicans under 50. The trend that can be demonstrated directly runs from a net favorability of +28 in 2022 to −2 in 2025, while in 2026 Pew records 57% unfavorable views among Republicans aged 18 to 49.

    Sources

    1. Pew Research Center — 2025
    2. Pew Research Center — March 2026
    3. Pew Research Center — May 2026
  5. Claim II.9Relevance 1 · Peripheral

    False

    Israelis “are starting to be even less liked than the Russians”
    Why it is “False”: context and sources

    Americans still view Israel considerably more favorably than Russia, despite the sharp recent deterioration. According to Pew, in 2025 45% had a favorable view of Israel, compared with only 13% for Russia; in 2026 Israel fell to 37% favorable (60% unfavorable), while Russia has hovered between 7% and 15% favorable in recent years. The claim mixes a real data point (Israel’s deterioration) with a comparison that the data do not support: Israel remains far above Russia in U.S. public opinion.

    Sources

    1. Pew Research Center — Israel, 2026
    2. Pew Research Center — Russia, 2025

Block III · Block IV of the report

The ultra-Orthodox community

13 claims: 5 true, 7 misleading and 1 false.

  1. Claim IV.4Relevance 1 · Peripheral

    False

    The ultra-Orthodox have “4 times more children” than the non-ultra-Orthodox
    Why it is “False”: context and sources

    Using the video’s own figures, 6.8 ÷ 2.2 = 3.1. With current data, around 3.

    Sources

    1. Israel Democracy Institute
    2. Video transcript
  2. Claim IV.10Relevance 3 · Central

    Misleading

    Ultra-Orthodox households receive “almost 6,000 net shekels a month in state aid”; “those who do work and do serve” pay 8,800 more than they receive
    Why it is “Misleading”: context and sources

    The video states that ultra-Orthodox households receive “almost 6,000 net shekels a month in state aid”. According to a report published on March 31, 2025 by the Knesset Research and Information Center, there are 18 types of benefits for which the criteria applicable to the Haredi population were analyzed. The report does not identify any monthly benefit of almost 6,000 shekels granted simply for being Haredi. There are indeed forms of aid and some programs with criteria specific to the Haredi population, but many of the benefits analyzed are also available to other groups and, in numerous cases, depend on criteria such as income, family situation or place of residence.

    The video does not cite any source supporting that figure. In investigating its possible origin, the closest item found is a fiscal balance calculation. The figures of 5,983 and 8,842 shekels come from the Kohelet Forum. But the report does not measure direct aid: it calculates an estimated fiscal balance, comparing the taxes contributed with the value of the services and transfers received, including education and health care. Moreover, the 8,842 shekels correspond to the comparison with non-ultra-Orthodox Jewish households, not with “those who do work and do serve”.

    The study also compares, among other groups, non-Jewish households and non-ultra-Orthodox Jewish households, so the category “those who do work and do serve” used by the video does not correspond to the study’s comparison group.

    Likewise, the study places Arab households as net recipients; that is, the estimated value of the services and transfers received exceeds the taxes attributed to those households under the methodology used.

    It should also be noted that the methodology used by this think tank has been criticized and questioned in Israeli academic analyses.

    Sources

    1. Jerusalem Post
    2. Kohelet Forum
    3. Tzarich Iyun, methodological critique
    4. Knesset report
  3. Claim IV.11Relevance 3 · Central

    Misleading

    The ultra-Orthodox live at the expense of the State: “they are, basically, parasites of the State”
    Why it is “Misleading”: context and sources

    The value judgment is not verified, but its factual basis is: 57% of this population is under 20 years of age, and 53% of men and 81% of women work, around two out of three adults of working age.

    Sources

    1. Israel Democracy Institute, Statistical Report 2025
    2. The Media Line
  4. Claim IV.12Relevance 3 · Central

    True

    “Just over half of Haredi men are employed”
    Why it is “True”: context and sources

    53% in 2025. It includes the equivalent claim “almost half of ultra-Orthodox men do not work in the formal economy”, which is counted only once (method, point 2).

    Sources

    1. Israel Democracy Institute, Statistical Report 2025
  5. Claim IV.13Relevance 1 · Peripheral

    Misleading

    “Less than a third of them go to university”
    Why it is “Misleading”: context and sources

    The video does not state the source of the figure. The closest figure we have located is consistent with university statistics: among ultra-Orthodox students in higher education, 11% study at universities, compared with 35% of other Jewish students. However, the university is not the only route to higher education in Israel: the main route to higher education for the ultra-Orthodox population is the academic colleges, quality higher-education institutions widely used by both the secular and the ultra-Orthodox populations. That only a minority studies at universities does not, therefore, mean that this population does not pursue higher education, but rather that it uses a system better suited to its needs or preferences. To this must be added other training routes that the video does not take into account, such as the technical and vocational training of the MAHAT system, with more than 9,600 ultra-Orthodox students in 2024, or full-time study in yeshivot and kollels. If “one third” is interpreted as a proportion of the whole community, the figure is incomplete and may be misleading, since it conveys the idea that this population neither studies nor trains.

    Sources

    1. Israel Democracy Institute, Statistical Report 2025
    2. Israel Democracy Institute, Haredi higher education 2024/25
    3. Israel Democracy Institute, Open University in undergraduate figures 2019/20

Block IV · Block V of the report

Military enlistment

9 claims: 5 true, 2 misleading and 2 false. The diagnosis of the soldier shortfall is correct; the description of ultra-Orthodox enlistment is not.

  1. Claim V.1Relevance 2 · Supporting

    True

    In June 2024, the Supreme Court ruled unanimously that the exemption had no legal basis
    Why it is “True”: context and sources

    Ruling of June 25, 2024.

    Sources

    1. Wikipedia — Exemption from military service in Israel
  2. Claim V.4Relevance 3 · Central

    Misleading

    Only 2,940 have enlisted, far from the target of 4,800
    Why it is “Misleading”: context and sources

    Outdated figure. Between July 2025 and July 2026 at least 4,000 enlisted, compared with 2,800 the previous year.

    Sources

    1. Times of Israel
    2. Jerusalem Post
  3. Claim V.5Relevance 3 · Central

    False

    “Until recently, practically none of them put on a uniform”
    Why it is “False”: context and sources

    Before October 7, about 1,800 enlisted per year; 2,200 in 2023–24 and 2,800 in 2024–25.

    Sources

    1. Times of Israel
  4. Claim V.7Relevance 1 · Peripheral

    False

    Rabbi Arie Amit, of Chabad, was one of the first ultra-Orthodox to enlist voluntarily, in 2001
    Why it is “False”: context and sources

    The testimony about Amit, taken from a report that the video does not identify, was not located. The claim that he was “one of the first” ultra-Orthodox to enlist voluntarily is false, not merely misleading: in the 1948 War of Independence there were already ultra-Orthodox yeshiva students who joined the ranks following the directives of leading rabbis, more than half a century before 2001. Of 900 yeshiva students, 370 reported for duty; after the medical and spiritual exemptions, they joined the war effort and formed the Gdud Tuvia (Tuvia Battalion). That same year, Ben-Gurion accepted Agudat Israel’s request to exempt 400 yeshiva students, a partial exemption, not a general one. The claim as formulated, without limiting it to a recent or organized stage, does not hold up: Haredi enlistment did not begin in 2001, so Amit was not one of the first.

    Sources

    1. National Library of Israel — The Haredi Soldiers Who Served in Israel's War of Independence
    2. Israel Democracy Institute — Development of the Haredi Exemption Law
  5. Claim V.8Relevance 2 · Supporting

    Misleading

    The ultra-Orthodox exemption as an anomaly unique to the country
    Why it is “Misleading”: context and sources

    It omits that Arab citizens, around 21% of the population, are not conscripted either, although they may enlist voluntarily. Druze and Circassian men are conscripted; their women, like Arab women, are not. The Arab exemption is based on army guidelines; the ultra-Orthodox one was struck down by the Supreme Court.

    Sources

    1. Wikipedia — Exemption from military service in Israel
    2. Wikipedia — Circassians in Israel

Block V · Block VI of the report

Human capital and mental health

12 claims: 7 true, 3 misleading, 1 false and 1 with insufficient evidence. The figures with the greatest emotional charge are the ones that least withstand verification.

  1. Claim VI.1Relevance 2 · Supporting

    True

    The tech sector accounts for 20% of GDP and 56% of exports
    Why it is “True”: context and sources

    A 2025 report put it at 19% of GDP and 56% of exports. The official 2025 data: 18.3% of GDP and 58% of exports.

    Sources

    1. The Media Line, Startup Nation Central report
    2. Israel Innovation Authority, 2026
  2. Claim VI.8Relevance 2 · Supporting

    True

    Cases of post-traumatic stress have risen 70% since October 7, with some 60,000 attributable to the conflict
    Why it is “True”: context and sources

    The 70% increase comes from Clalit data on the general population. The estimate of about 60,000 cases attributable to the conflict comes from data from the other three health funds, published by The Telegraph and consulted through its reproduction in Ynetnews.

    Sources

    1. All Israel News
    2. Ynetnews, reproducing The Telegraph, Aug 17, 2026
  3. Claim VI.11Relevance 1 · Peripheral

    False

    More than 30,000 children and adolescents are officially recognized as victims of terror
    Why it is “False”: context and sources

    The most recent official data from Bituach Leumi do not support the figure of “more than 30,000”. A statement from the National Insurance Institute (Feb 17, 2026) puts at 25,274 the number of children recognized as victims of hostile acts since Oct 7, 2023; data from April 2026 refer to “more than 23,000” (~23,310) minors under 18 currently recognized and receiving care. The figure of ~30,000 appears to come from another statistic: 30,462 civilians of ALL ages recognized with a psychologically based disability according to the second-anniversary statement (Sep 30, 2025), not specifically children and adolescents.

    Sources

    1. Bituach Leumi, statement of Feb 17, 2026 (25,274 children recognized since Oct 7, 2023)
    2. Bituach Leumi, data for the 2nd anniversary of October 7, Sep 30, 2025 (30,462 civilians of all ages with psychological disability)
    3. Press release with data from April 2026 (>23,000 minors recognized and receiving care), no link located
  4. Claim VI.12Relevance 1 · Peripheral

    Misleading

    Medical cannabis prescriptions have multiplied tenfold, to 140,000 people
    Why it is “Misleading”: context and sources

    The figure of ~140,000 is supported, but it corresponds to medical cannabis licenses/patients, not to “prescriptions”: in January 2024 there were 140,483 active licenses (a peak before the 2024-25 reform), a figure close to the ~140,412 reported by industry sources. “Multiplied tenfold” conflates that indicator with prescriptions and does not set the comparison period: since April 2011 (3,097 licenses) the actual increase is ~45-fold; since June 2016 (19,932), ~7-fold; since January 2021 (80,306), ~1.7-fold. No commonly used reference point gives exactly “tenfold”.

    Sources

    1. Journal of Cannabis Research — Medical cannabis in Israel: a comprehensive review of trends and regulations, 2011–2025

Free access

Full report No. 26001

  • All 62 verified claims, one by one, with their verdict.
  • The context and linked sources for each fact.
  • The calculation of the OMD Veracity Index and the methodology.
  • Online reading and PDF download with the same design.

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Report details
Report
No. 26001 · version 01
Analyzed piece
ISRAEL se está QUEDANDO SIN DINERO: El problema que NETANYAHU no puede solucionar
Outlet or channel
Solo Fonseca
Broadcast date
17 September 2026
Cut-off date
22 September 2026
Claims analyzed
62
Production
CEJAPIM — Center for Judaic Studies and Political Analysis of Israel and the Middle East

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