Senator Rand Paul said this week that the nation’s record-setting inflation is directly tied to actions of the U.S. government, such as ...
Senator Rand Paul said this week that the nation’s record-setting inflation is directly tied to actions of the U.S. government, such as continuously providing billions of dollars in aid and weapons to Ukraine to assist in their war with Russia.
During an interview with Mobile, AL radio FM Talk 106.5, the Kentucky Republican Senator compared the ongoing aid for Ukraine to any other government expenditures, which he said contribute significantly to the growing government debt.
Paul did express his sympathy for the ongoing conflict and those affected but said that the continued spending on a war that is not ours was nonsensical.
“Inflation is caused by spending money that you don’t have that the Federal Reserve buys the debt,” he said. “So whether it is for Ukraine, whether it is for food stamps here, whether it’s studies of Panamian frogs, it all goes to the debt. And so, it doesn’t make sense, even for a good cause. I’m sympathetic to the Ukrainians. I think the Putin invasion should be condemned. I want the Ukrainians to win.”
“But it doesn’t make sense for me to say, ‘Well, America — why don’t we borrow money from China so we can send it to Ukraine?'” he continued.
“We don’t have any money. It would be like me saying to you, ‘You know there are poor people in Mobile,’ when I know you don’t have any money because you’re barely getting by providing for your family and paying your rent. ‘But why don’t you go down to the bank in Mobile and borrow $1,000 and give it to poor people?'”
“Nobody does that,” he added. “You give out of your surplus. You take care of your family first, and if you have some left over, you try to help your church, and you try to help your community. But you don’t do it by borrowing money. That’s what the United States is doing.”
Paul went on to express his concerns that the war would continue for quite a while and noted that he expects Ukraine to continue petitioning the U.S. for far more financial and logistical resources.
“Ukraine is going to ask for $40 billion more apparently this fall,” Paul explained. “Then it is going to take hundreds of billions to rebuild the country. Look, I have great sympathy, but we do not have hundreds of billions of dollars to rebuild Ukraine. We can’t endlessly supply them with weapons. So, no — to me, it is a fiscal issue, not necessarily a military issue.”
The U.S. has already spent more than $54 billion on efforts to help Ukraine, and President Biden has a habit of continuing to commit more on a consistent basis.
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