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Fri March 22, 2013
Sen. Paul Amendment Would Shift Funds From Foreign Aid To Bridge Repair
WASHINGTON, D.C. -- Kentucky U.S. Senator Rand Paul is proposing an amendment to the budget that would cut back on the nation’s foreign assistance in order to fund construction and repair of the country’s bridges.
Echoing President Obama’s warning in his State of the Union address about the nation’s failing infrastructure, Sen. Paul is calling on the Senate to provide more funding to fix structures like the Brent Spence Bridge in Northern Kentucky.
"While we are trying to nation build across the globe, our nation is crumbling here at home," Paul says in a YouTube address.
To fund the projects, however, Paul is proposing a 50 percent cut in foreign aid – about $15B dollars –and an additional $1B cut from the Department of Energy’s Loan Guarantee Budget.
"I, like many citizens of this country, [am] angered by a continued practice of borrowing money only to see it spent on infrastructure projects in foreign countries, in countries that are burning our flag and shouting 'Death to America,'" the senator says.
In Paul’s plan, the $16B savings would be split evenly between bridge repair and deficit reduction. Students at UK’s Gatton College of Business may have a chance to quiz the senator on the specifics of his plan next Wednesday when he’s set to visit the college for a speech called “Restoring Economic Freedom.”