We'd have to borrow money from China to aid Ukraine: US Senator
3 Min Read
The US is literally running out of money.
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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)
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.
