Tags: Middle East | Economic- Crisis | Egypt Unrest | Paul | Egypt | aid | end

Ron Paul: End Egyptian Aid

By Hiram Reisner   |   Monday, 07 Feb 2011 05:33 PM

Rep. Ron Paul, R-Texas, says that, in light of Egyptian President Hosni Mubarak’s multibillion-dollar personal fortune and the corruption engulfing his government, the United States should consider halting aid to Egypt and other countries hostile to U.S. interests.

Paul, aid, end, Egypt
Rep. Ron Paul, R-Texas
In an interview with Fox News’ Neal Cavuto Monday, Paul suggested the American people need to learn about the connection between foreign aid and “friendship,” — and where our aid really might be going.

“It’s a pretty expensive way to learn a lesson, but I am not even sure we have learned our lesson,” he said. “Next week, or next month or so, there will be a new dictator over there, and I don’t think the money will quit.”

The U.S. government will continue sending money, Paul said, “And then there will be a new group, coming in and ripping us off.”

Mubarak and his family are said to be worth an estimated $70 billion. Egypt, which has received tens of billions of dollars in financial assistance over the years, is the fourth-largest recipient of U.S. aid, after Afghanistan, Pakistan, and Israel

Saying that millions in U.S. foreign aid yearly goes to countries in the Middle East, and other countries not totally friendly to the United States, Cavuto noted “we don’t get much bang for the buck for it.”

Not only is the money wasted, Paul said, but also, “I don’t really think it secures our friendships, either.”

“It secures insecurity and disequilibrium in these areas,” Paul said. “I don’t think it brings about stability, those regions are unstable. And, what it does is it incites the people who fight . . . when they get set up and they rebel.”

When asked how we can get extracted from the situation, Paul said: “Well, the people don’t pay enough attention and we don’t have enough political leadership in Washington to care about it.

“And then they rationalize and talk themselves into, ‘this is an investment,’” he continued. “The other day I heard someone say, ‘Well, we have to have friends over there,’ and they didn’t say it, but they implied, how can we have friends if we don’t keep bribing them.”

© 2015 Newsmax. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved