Rand Paul Warns Americans That $40 Billion for Ukraine Funded by Loans from China

Sen. Rand Paul (R-KY) said during an interview last week with Breitbart News Daily that the recently approved $40 billion additional aid package for Ukraine is being funded with loans from China.

As the Senate has moved toward approving the massive package of military and economic assistance for Ukraine, Paul acted alone to delay passage of the measure. He contended that any additional foreign aid to the war-torn nation should be supervised by an inspector general to help verify the use of the funds for their intended purposes.

Paul said that it is critical for Americans to understand that the federal government does not have the money it proposes to send to Ukraine. He added that the funds will have to come by way of additional borrowing from China.

Paul said that there are many Republicans who would object that borrowing to fund a new social program will excuse further indebtedness for military aid to a foreign country as being justified.

After first denying Senate Majority Leader Chuck Schumer (D-NY) and Minority Leader Mitch McConnell (R-KY) unanimous consent to immediately ram the aid package through, Paul was one of 11 senators to then vote against the aid package.

The others to vote “no” were Sens. Josh Hawley (R-MO), 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).

As he objected to providing unanimous consent, Paul stated that his “oath of office is to the U.S. Constitution, not to any foreign nation.” He added that America “cannot save Ukraine by dooming the U.S. economy.”

Schumer dismissed Paul’s call for an inspector general, claiming such oversight would be “ruthless.”

Paul also said during the interview that the GOP contribution to America’s surging deficits and mounting federal debt undercuts the argument that the Biden administration has been solely responsible for the skyrocketing inflation plaguing the country.

He said the problem with much of the Republican argument is that all forms of federal spending are leading to inflation and bipartisan spending is not exempt. As another example of wasteful bipartisan spending, Paul cited the new proposal to grant $48 billion to restaurants in “coronavirus relief” even though lockdowns have been over for at least a year.