News

Biden and McConnell Under Fire as Rand Paul Denounces Spending on Ukraine Aid

Biden and McConnell Under Fire as Rand Paul Denounces Spending on Ukraine Aid

Senator Rand Paul criticized President Biden and Senate Minority Leader Mitch McConnell during an interview aired on Sunday, focusing on the expenditure of "borrowed" money on Ukraine.
(Photo : by Nathan Howard/Getty Images)
  • Senator Rand Paul criticizes Biden and McConnell for using "borrowed" money on Ukraine.
  • Paul argues against sending aid to Ukraine due to financial constraints, highlighting the need to borrow funds and the U.S. indebtedness to China.
  • President Biden signs $95 billion emergency foreign aid package, criticizes "MAGA Republicans" for obstructing aid to Ukraine.

Senator Rand Paul criticized President Biden and Senate Minority Leader Mitch McConnell during an interview aired on Sunday, focusing on the expenditure of "borrowed" money on Ukraine.

Speaking with radio host John Catsimatidis on "The Cats Roundtable," Paul voiced his opposition to sending money to Ukraine, citing the nation's financial constraints. He emphasized, "My primary reason for opposing sending money to Ukraine is that we don't have any money."

Paul highlighted the necessity to borrow funds for such expenditures, pointing out the indebtedness to China, who holds a significant portion of U.S. debt. Additionally, Paul alleged that McConnell and the Biden administration assured Ukraine of NATO membership regardless of circumstances. He suggested that Ukraine could negotiate neutrality to maintain trade relations with both Russia and the West, potentially facilitating the withdrawal of troops.

Read also:Biden's New Move: Up to $20,000 in Student Loan Interest Wiped Clean

President Biden's Critique of Aid Delay and MAGA Republicans

Last month, President Biden signed a $95 billion emergency foreign aid package, which included aid for Ukraine and Israel. He expressed frustration over the difficulties encountered in passing the aid, noting that it should have been a smoother and quicker process. Biden praised the collective effort of Americans in overcoming obstacles, emphasizing that they "rose to the moment, came together, and got it done."

Additionally, he criticized "MAGA Republicans" for obstructing aid to Ukraine, highlighting the urgent need for assistance as Ukraine faced shortages of artillery shells and ammunition while allies of Putin continued to support him.

How Much Money Has the US Provided Ukraine?

The United States has allocated significant financial assistance to Ukraine since the commencement of the conflict. Through five bills passed by the U.S. Congress, including the most recent one in April 2024, Ukraine has received ongoing aid totaling $175 billion. This aid encompasses various sectors, supporting not only refugees and law enforcement but also independent media outlets.

However, the majority of the assistance has been directed towards military-related endeavors. It's important to note that the U.S. is not alone in its support; numerous other countries, including NATO and EU members, have also contributed substantial aid packages to Ukraine.

It is noteworthy that out of the entire $175 billion, only $107 billion goes directly to support the Ukrainian government. A tiny amount is used to help other impacted nations in the area, with the majority going toward financing different U.S. initiatives related to the conflict in Ukraine.

Related article:Biden Aims to End Debt Spiral with Drastic Overdraft Fee Cut

The content provided on MoneyTimes.com is for informational purposes only and is not intended as financial advice. Please consult with a professional financial advisor before making any investment decisions.


Real Time Analytics