Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Putin approvesexperts for talks with Ukraine: Kremlin
Russian Deputy FM Galuzin, Head of General Staff Kostyukov, Deputy Defense Minister Fomin will participate in Istanbul talks: Kremlin
Russian presidential aide Medinsky will lead Russia delegatioon at Ukraine talks: Kremlin
Putin approves composition of Russian delegation for negotiations with Ukraine: Kremlin
Abu Obeida posts on X, commenting on the West Bank operation amid Israeli rumors that he was assassinated
Israeli media: An Israeli settler was killed and two others were injured in the shooting near Salfit
Israeli emergency service: The shooting near Salfit resulted in two injuries, one in extremely critical condition and the other in serious condition
Palestinian sources: Two Israelis were injured in a shooting operation near Nablus in the northern West Bank
Ukrainian President Volodymyr Zelensky: I am waiting to see who will arrive from Russia. Then I will decide what steps Ukraine should take
Ukrainian President Volodymyr Zelensky: Ukraine ready for any format of negotiations to end war with Russia

We'd have to borrow money from China to aid Ukraine: US Senator

  • By Al Mayadeen English
  • Source: Agencies
  • 20 May 2022 14:29
  • 53 Shares
3 Min Read

The US is literally running out of money.

  • x
  • Rand Paul, Republican US Senator.
    Rand Paul, Republican US Senator

Republican senator Rand Paul, on Wednesday, said that Congress needs to borrow money from China to send aid to Ukraine, just a day before the US Senate voted by majority to send $40 billion in military and economic aid to Ukraine and its allies. According to Investopedia, the US owes China $1 trillion in debt. 

"To borrow the money from China simply to send it to Ukraine makes no sense and makes us weaker not stronger," Paul said on the Senate floor regarding the aid package.

"I think it’s important to know that we don’t have any money to send," Paul, a fiscal conservative, explained. "We have to borrow money from China to send it to Ukraine. 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, 'Well, we can borrow that, that’s a justified borrowing.'"

Read more: The US Is Running Out of Money, Literally (Part I)

Related News

Rand Paul says US spent $5 mln on influencers in Ukraine

US Senators roast Biden, say WH would serve Scholz 'Egyptian tacos'

Paul, a week ago, disrupted the proceeding of a quick vote on a bill by blocking the US decision to allocate $40 billion to Ukraine. Ten other senate Republicans, including Marsha Blackburn, John Boozman, Mike Braun, Mike Crapo, Bill Hagerty, Josh Hawley, Mike Lee, Cynthia Lummis, Roger Marshall, and Tommy Tuberville, also voted against the advancement of the bill.

The inflation in the US, which is one of the highest in its history, has been "worrying" to Paul. 

"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," he noted.

Last February, the US Treasury announced that its national debt had hit a record high of over $30 trillion, in addition to the inflation which has skyrocketed reaching the US' biggest jump in 40 years.

The United States first started supplying Ukraine with weapons labeled as "defensive", but later on, it started sending artillery, helicopters, and UAVs to the Ukrainian army. Not only that, but Washington trained Kiev's troops on using the equipment in third countries.

Congress also allocated another $9 billion of the package to help the US re-supply its own weapons back-stock.

Since the start of the war in Ukraine, the United States had already given Kiev some $1 billion in economic aid, in addition to an additional $500 million cleared last week, not to mention the military aid the United States gave to Kiev since Biden took office.

  • Rand Paul
  • China
  • Ukraine

Most Read

Trump cut off contact with Netanyahu, senior Israeli official says

Trump cut off contact with Netanyahu: Israeli media

  • US & Canada
  • 9 May 2025
A boy draped in a Palestinian flag carries a mock rocket during a weekly anti-US and anti-Israeli rally in Sanaa, Yemen, Friday, May 9, 2025 (AP)

Yemen announces hypersonic missile strike on Ben Gurion Airport

  • Politics
  • 9 May 2025
President Donald Trump, left, greets Israeli Prime Minister Benjamin Netanyahu at the White House, Monday, April 7, 2025, in Washington (AP)

US pressures 'Israel' for Gaza deal; Witkoff's Israeli rebuke leaked

  • US & Canada
  • 9 May 2025
Why the Israelis cannot win in Gaza or Yemen

Why the Israelis cannot win in Gaza or Yemen

  • Opinion
  • 7 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
A Fly Dubai plane is parked on the tarmac at Ben Gurion International Airport in the Occupied Palestinian Territories, Sunday, Nov. 10, 2024 (AP)
Economy

Israeli tourism suffers $3bln loss amid 'unprecedented' crisis

Israeli Prime Minister Benjamin Netanyahu speaks during an annual ceremony in al-Quds, Occupied Palestine, April 29, 2025 (AP)
Politics

Netanyahu refuses to budge, captive talks stall: Israeli officials

Susan Sarandon joins hundreds urging BBC to release delayed Gaza film
Europe

Susan Sarandon joins call for BBC to air documentary on Gaza medics

In this photo released by the Saudi Royal Palace, Syria's interim President Ahmad al-Sharaa, left, shakes hands with President Donald Trump, centre, in Riyadh, Saudi Arabia, Wednesday, May 14, 2025 (AP)
Politics

Trump worries 'Israel' with Syria sanctions lift: The Times

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS