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Do we laugh, or do we cry? Events keep moving so fast that we hardly have time to digest the humorous side of the news – except that it’s not so funny.

For example –

Israel’s minister of defense, Amir Peretz, is shown admiring a military drill through binoculars that are still covered up with the lens cap. He can’t see a thing, blind like most of Israel’s leadership -- and how about that for symbolism. But wait. That’s not the real funny part. He is still Israel’s minister of defense. Now that’s a riot!

Not funny enough? Try this. This one’s about your tax dollars at work – for the Palestinian Authority. The PA, as we know, is famous for a mantra that goes like this: SHOW ME THE MONEY. But what happens to the money? All gone. Yes, even the PA’s treasurer, Salam Fayyad, admits that there’s a hole in his pocket.

Here’s what he confided to the London Telegraph: “PA spending is out of control. Salaries are being paid to workers who never turn up, and nobody can track where the money is going.” We’re talking about some $700 million. Well, here’s my two cents, so to speak. Psst. Has anybody checked up on Suha Arafat lately?

Her husband, Yasser the terrorist, died a multi-millionaire. He left her a big part of his fortune, most of which was intended to feed his people.

Well, he did feed his wife.

(Like the Godfather, Yasser made his money from the olive oil business. Nickel here, nickel there, it adds up.)

By the way, I just did a Google check on Suha and the first pix that shows up is a loving kiss and embrace between Suha and – AND, Hillary Clinton.

Let’s remember that next time we vote.

Again by the way – the PA employs something like 140,000 civil servants. I’m not good at math, but WOW! Does everybody there work for the government?

Still not funny? Okay, here’s a real knee-slapper. Mort Zuckerman is a famed philanthropist, along with his title as publisher of the New York Daily News. He is Jewish and a friend of Israel. But is he smart? You mean he didn’t know what would happen in Gaza once Gaza was vacated of Jews to make room for Palestinian Arabs? I knew what would happen, and so did you.

But Mort, so gullible, raised more than $10 million to help Palestinian Arabs set up shop in Gaza, when instead these same people burned everything to the ground. They burned the homes. They burned the greenhouses. They burned the synagogues. They burned and looted everything, and said, Thank you, Mort.

Not all of that money came from Mort. Donations poured in from other Jewish “philanthropists.”

What happened to all that money? Don’t ask me. Ask Salam Fayad. He doesn’t know, either.

Look. We Jews may not be as smart as we’re cracked up to be. But we sure are funny. (If only it weren’t so sad.)