Apr 2, 2014 Issues: Budget Spending and Taxes

WASHINGTON, D.C. – Yesterday, Congressman Walter B. Jones (NC-3) voted against two bills that would obligate hundreds of millions of U.S. taxpayer dollars to a foreign aid package for Ukraine.  The first measure, H.R. 4152, would authorize $150 million in aid, with $100 million being spent on military and security assistance and $50 million being spent on “democracy and civil society” efforts.  Furthermore, H.R. 4152 would guarantee $1 billion in loans to Ukraine, which could incur an upfront cost of $200 million.  The second measure, S. 2183, would provide $10 million for Radio Free Europe/Radio Liberty and Voice of America to increase broadcasts into Ukraine and other nearby regions.

“At a time when the national debt has reached over $17 trillion, the United States cannot afford to continue to funnel millions of dollars overseas in the form of foreign aid – especially when that aid is comprised of money we ourselves have borrowed from foreign governments like Russia and China,” said Congressman Jones.  “For the sake of the future generations of Americans that will be paying the massive debt we have incurred, we must put a stop to this reckless cycle of borrowing and spending money we do not have.”