Mon March 25, 2013
Sen. Rand Paul: Use Foreign Aid Funds to Pay for Bridges
U.S. Senator Rand Paul of Kentucky 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 in vain to nation-build across the globe, our nation is crumbling here at home," Paul said.
To fund the projects, however, Paul is proposing a 50 percent cut in foreign aid - about $15 billion -and an additional $1 billion cut from the Department of Energy's Loan Guarantee Budget.
In Paul's plan, the $16B savings would be split evenly between bridge repair and deficit reduction.