Sen. Rand Paul (R-Ky.) took to the Senate floor on Monday afternoon to slow the passage of a $95.3 supplemental spending package that sends new rounds of funding to Ukraine, Israel, and Taiwan.
The libertarian-oriented Kentucky Republican called into question the decision to approve nearly $100 billion in foreign aid while the U.S. sovereign debt exceeds $34 trillion.
“In what kind of world do you borrow money to send charity?” Mr. Paul asked, in a speech that lasted nearly an hour.
Mr. Paul went on to attribute continued debt spending to the devaluation of the dollar.
“The way we pay for the debt is we print up money. The Federal Reserve buys the debt, but the Federal Reserve has no money, so they print up the money and they dilute the value of the existing currency,” he said. “What does that mean? Inflation. Prices go up, but so does the cost of government.”…
