Patriot,

Knowing that Americans overwhelmingly oppose the government
spending our money on endless foreign wars while everything falls
apart here at home, politicians in Washington are using familiar
tactics of deception to convince us that everything is the
opposite of what it plainly is.

As I explain in my column below, no matter the smoke and mirrors,
war spending is still spending money that's not available for use
elsewhere (or, heaven forbid, returning it to the American
taxpayer).

Just like when the Federal Reserve prints money out of thin air,
someone else is losing money.

And while Speaker Mike Johnson's proposal to pay for the war by
taking the money away from the IRS is a clever bit of political
theater, it's still spending our money on foreign aid.

Read my full column below, and if you support Campaign for
Liberty's mission to hold politicians in Washington accountable
for their reckless spending, please make a contribution to
support Campaign for Liberty. . .
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And stay tuned for a special alert tomorrow, because you wouldn't
believe just how reckless Congress can be with our foreign aid
money until you hear about their latest scheme!

For Liberty,

Ron Paul

Don't Worry, It's Not Foreign Aid. . . It's Corporate Welfare!

Faced with growing American frustration over more than $100
billion spent on a failed proxy war in Ukraine, President Biden's
handlers have hit on a gimmick to convince us that this foreign
aid is actually an investment in our own economy! In his recent
television address, Biden explained that as we transfer more
weapons to Ukraine we then will build new weapons at home to
replace them. That, explained Biden, means more American jobs and
a stronger American economy.

So "Project Ukraine" is not really about foreign welfare, but
rather domestic corporate welfare for the military-industrial
complex. Should that make us feel any better?

There is no denying that this nearly two-year Ukraine/Russia war
has been a boon for the US weapons industry. Profits at the
military-industrial complex are back to record highs after a
brief slump during the Covid scare. And the money that goes to
the weapons manufactures also saturates Washington, DC: a little
of it goes to the think-tanks promoting war, another little bit
goes to the political campaigns of candidates who promote war,
and so on.

As Connor O'Keeffe reminds us in a recent article at the Mises
Institute, the arguments that more war spending is good for the
economy ignore the "broken window fallacy" as first explained by
French economist Frédéric Bastiat in his essay, "That Which Is
Seen and That Which Is Not Seen."

In the tale, a shopkeeper has a window broken and must pay to
have it replaced. The locals view the mishap favorably, as they
see the $50 for a new window to be a benefit to the glazier which
he will then spend, thus improving the economy as a whole. What
is not seen, however, is what the shopkeeper might have done with
that same $50 had he not been forced to replace a broken window.
Perhaps he would have invested it in a way that created far more
wealth and more jobs.

Unfortunately, Biden is not alone in coming up with new gimmicks
to enable Washington to operate in a "business as usual" manner.

New House Speaker Mike Johnson has also been busy trying to
convince us that sending money overseas is actually good for our
own economy. Over the weekend he appeared on Fox News to tell us
that sending another $14 billion to the wealthy nation of Israel
is Republicans "trying to be good stewards of the taxpayer's
resources." How is that? Well he came up with the gimmick that
they would cut $14 billion from the IRS and send it to Israel.

Said Johnson, "Instead of printing new dollars or borrowing it
from another nation to send over to fulfill our obligations and
help our ally, we want to pay for it, what a concept, we are
trying to change how Washington works."

See the trick here? They are not "paying for it" by sending the
money overseas, and they are not "changing how Washington works"
by doing the exact same thing they always do: stealing from the
poor at home to send to the rich in foreign countries.

Instead of trying to trick Americans into thinking that foreign
aid and corporate welfare are good for our economy, why not just
stop breaking all of our windows? Just end all foreign aid and
corporate welfare!
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