Rand Paul: U.S. Has to Borrow $40 Billion From China to Send to Ukraine
Senator highlights spending amid soaring inflation
Sen. Rand Paul (R-KY) said that the United States has to borrow money from communist China to send Ukraine $40 billion in aid.
So not only is the Biden administration sending money to a foreign country in the midst of skyrocketing inflation and looming food shortages, but they are also getting themselves into debt with a growing superpower.
As the Senate remains poised to pass legislation that would send $40 billion in military and economic aid to Ukraine, Paul has contended the package needs an inspector general to ensure that the billions of dollars are spent wisely.
Paul states that America would need to continue borrowing from China to appropriate the proposed Ukraine aid package.
“I think it’s important to know that we don’t have any money to send, we have to borrow money from China to send it to Ukraine,” he said.
“And I think most people kind of get that, and many Republicans will say that when it’s a new social program, but if it’s military aid to a country, they’re like we can borrow that, that’s a justified borrowing,” Paul explained to Breitbart News Daily host Alex Marlow.
As Breitbart notes:
Paul served as one of the 11 Senate Republicans to vote against advancing the Ukraine aid package, which included Sens. Hawley, Mike Crapo (R-ID), Bill Hagerty (R-TN), Mike Braun (R-IN), Marsha Blackburn (R-TN), John Boozman (R-AR), Roger Marshall (R-KS), Cynthia Lummis (R-WY), and Tommy Tuberville (R-AL).
The Ukraine aid procedural vote strikes a contrast between establishment Republican views on foreign policy, which favor more activist intervention abroad, and populist senators such as Paul, who believe that America should not engage in endless wars and conflict abroad.
Paul stated that Republicans’ contribution to America’s deficit undermines their argument that President Joe Biden is solely responsible for the rampant inflation under his administration.
The Kentucky senator said:
“The problem is that it all leads to inflation, so it kind of hurts the Republican argument that Biden’s spending and Biden’s debt leads to inflation, except for when it’s bipartisan spending and that doesn’t really count.”
Republicans added over $100 billion in new debt with Democrats in providing direct subsidies to semiconductor companies and also by increasing the National Science Foundation, one of the most wasteful organizations in Washington.
Paul lamented that many Republicans are now lining up to grant $48 billion in coronavirus relief to restaurants, even though most coronavirus lockdowns have been over for at least a year.
The Kentucky senator noted that many Republicans and Democrats liked the idea of having an inspector general have oversight on the tens of billions of Ukraine aid; however, Senate Majority Leader Chuck Schumer (D-NY) pushed senators away from Paul’s proposal because the inspector general would be “ruthless” with the spending.
Paul said that it is a good idea to have a “zealous guardian” of the taxpayers’ money.
Marlow asked why so many Republicans often vote to borrow from China to send money to Ukraine.
Paul said the “bipartisan consensus” is to have Republicans vote for increased military spending, and Democrats boost social welfare spending.
“This is the bipartisan consensus right now on Ukraine,” Paul said.
“Republican and Democrat leadership are exactly the same. So they get together,” he added.
“But in order to get together to get this, it’s guns and butter, you look at the $40 billion, it’s a lot of guns, but in order to get the gun, they had to give out a lot of butter and so there’s a lot of spending going to European countries for food throughout the world,” Paul said.
He added, “What we’ve done is given away the farm to make us weaker.”
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