Rand Paul on Foreign Aid

Rand Paul is a wonderful human being.

April 22, 2013

Dear Mr. Stevens,

Thank you for taking the time to contact me regarding foreign aid. I appreciate hearing your thoughts on this issue.

Despite billions of dollars spent in attempts to prop up economically weak countries, U.S. foreign aid has had almost an opposite effect. In the 1990s, a Clinton administration task force found that despite decades of foreign assistance, most of Africa, and parts of Latin America, Asia, and the Middle East are economically worse off today than they were 20 years ago.

Instead of reaching the people who need it, foreign aid has increased the size of foreign governments rather than benefit the welfare of the people. Aid that should be focused toward investment and growth are typically funneled into consumption. There is no evidence that aiding developing nations produces rapid and widespread economic reforms that spur economic growth. Furthermore, we need to borrow these funds from other nations in order to give to other countries.

The size of the national debt has grown considerably over the past few years. We have seen currencies and countries fall under their unsustainable debt. National debt accumulated by the United States is a direct result of the out-of-control spending of Congress. Rest assured should this issue come before the Senate for debate, I will keep your thoughts in mind.

Sincerely,

Rand Paul, MD
United States Senator