President Joe Biden started his presidential campaign with a pledge to wipe out $20,000 in student loans for borrowers across the nation. Now, as his term comes to an end, he is aiming to cancel billions of dollars in debt owed by Ukraine due to its conflict with Russia.
Amidst skyrocketing inflation and the consequences of imprudent government expenditures that have contributed to a mounting national debt, Biden’s endeavor to forgive billions of dollars in loans to Ukraine represents yet another flawed fiscal choice by the president.
There is something happening within the Biden administration concerning Ukraine that goes beyond simply assisting a country in defending itself against an aggressive force. Now, it appears that the nation’s economic stability is being put at risk.
Considering the trillions of dollars in debt that we already have, it is not feasible for us to forgive Ukraine’s billions of dollars in debt. Senator Rand Paul (R-KY) highlighted this concern on Wednesday by compelling the Senate to vote on his joint resolution, which aims to prevent the Biden administration from making Ukraine’s debt the responsibility of the American people.
In a press release, Paul expressed concern about the financial burden faced by Americans due to the high prices and personal debt caused by the four-year tenure of the Biden-Harris Administration.
He highlighted the alarming fact that the U.S. national debt has reached a staggering $36 trillion. Given these circumstances, Paul argued against providing a $4.65 billion financial aid package to Ukraine.
When Russia invaded Ukraine in February 2022, it was widely recognized as an unjust action. Many individuals acknowledged the need for the U.S. to offer aid in the form of loans and weapons to support Ukraine’s defense. After all, Russia was the aggressor, and invading a sovereign nation was morally, ethically, and geopolitically unacceptable.
However, at some stage during the Russia-Ukraine war, Democrats shifted the burden of Ukraine’s protection onto the American taxpayer. This decision made Ukraine’s security a financial responsibility for the United States.
The situation in Ukraine is undoubtedly tragic, but it is not the responsibility of U.S. taxpayers to finance its sovereignty, especially considering the nation’s existing debt. Senator Paul recognizes this, which is why he proposed a vote on his resolution.
It is crucial to understand that any senator who opposes this resolution essentially approves granting billions of dollars from U.S. taxpayers to Ukraine, funds that could be utilized to assist individuals within our own country.
According to Paul, senators who vote against his resolution are sending a message that they prioritize Ukraine over the people they represent and are putting America last.
Paul deserves commendation for his initiative, as he is correct on this matter. It is evident that no reasonable individual desires to witness Russia invading Ukraine or witness the millions of innocent Ukrainians suffering due to the ongoing war.
Undoubtedly, this constitutes an immoral act of aggression by Russia. However, it is also unjustifiable to continuously burden U.S. taxpayers with the responsibility of funding Ukraine’s defense.
Paul rightly highlights that considering our nation’s trillions of dollars in debt, it is no longer a viable option that we can afford.
