Ron Paul: Foreign Aid Is Immoral and Impractical

Transcript

Bill Gates: I’m a little bit concerned about the uncertainty, and am speaking up so that as we make tradeoffs, hopefully we don’t cut things that really have great humanitarian and security benefits.

Neil Cavuto: Alright, billionaire Bill Gates is all out for foreign aid, and not-so-billionaire Ron Paul is all out on stopping foreign aid. The good Congressman and former presidential candidate is joining us on the phone right now. Congressman, Bill Gates, maybe for all the right and good reasons, wants to continue it because he says it does more to feed the poor and help those who really need it, even outweighing some of the abuse and waste that comes with that. What do you say?

Ron Paul: Well, I would say, instead of what? If you cut out the warmongering and cut some of the deficit down and gave some away with humanitarian reasons, I’m not going to fight it, even though I don’t have any confidence in that. Because I think foreign aid too often gets in the hands of the politicians and they get into warring factions and they fight over it. And I don’t think the record is very good that it helps people. But we spent a lot of time on how this money is being spent, but we never talk about where the money comes from. If you take Bill Gates, he has a lot of money in his foundation, but he doesn’t get taxed on that. But poor people get taxed, whether it’s the inflation tax or the income tax or whatever, so they end up paying. And my argument for foreign aid is that you take money from poor people in this country and it ends up in the pockets of the rich people in poor countries.

Neil Cavuto: I guess he’s getting beyond all that, and this is the issue I want to raise with you … and I’m paraphrasing and I hope I’ve got it right, Congressman, bear with me … for all of the waste and abuse and sometimes getting in the wrong hands and sometimes getting into no hands, we still have, since foreign aid started in this country, fewer starving people, more educated people across the globe. And that, he says, is a testament to generous Americans over the years whose money has been put to more good than it has harm. What say you?

Ron Paul: Well, that’s an opinion, I don’t happen to agree with it, because there are other things that happened around the world. Economies do change, and the breakdown of the Soviet System had a lot to do with increasing prosperity. But if it was prosperity that we had to concentrate on, we might think of what’s happening in New York City right now. There are 50,000 people sleeping out on the streets every night while the rich get richer. If you worry about education, I can’t even believe this statistic, but it says that 80% of those graduating from high school in New York City can’t read. So why do we have to gamble on taking money from people and going overseas. Although I did put it in prospective when we started by saying “instead of what”. If you can save some money by cutting out drone missiles, looking for trouble bombing people and invading countries and fighting useless wars like Iraq and Afghanistan, I would say yes, save some money, cut back on the deficit, and try the humanitarian thing. That would be much better. But I still don’t endorse it morally, and I don’t believe it’s practical. But since I’m such a practical guy, and I’m willing to bend a little bit, I would say do that. But just by taking more money from poor people or inflating the currency, you’re undermining production and you’re going to have more people sleeping on the streets in New York, and their education will not get any better.

Neil Cavuto: Ron Paul, thank you very much.

Ron Paul: Thank you.

  • http://www.youtube.com/profile?user=theDracoIX theDracoIX

    Someone tell me how it’s even fvcking legal to give Foreign Aid. I mean, as US citizens we’re forced to pay income tax to help run our country – so when the government gives away 50+ billion a year to other countries how is that not looting the US taxpayers?

    Someone explain this to me!

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  • http://www.youtube.com/profile?user=talksolot talksolot

    western nations live on the resources and labor of the developing world. it is the west in fact which lives off of the rest of the world not the other way around.

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  • http://www.youtube.com/profile?user=GildoBacci Gildo Bacci

    to none, even italy, my country

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  • http://www.youtube.com/profile?user=GildoBacci Gildo Bacci

    to none, even italy, my country

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  • http://www.youtube.com/profile?user=MarkBertrand Mark Bertrand

    Greetings, I respect your right to your opinion of course.
    So you believe the US should send no funds/aid to NO countries? None at all? Would you include Virgin Islands and say Israel?

    »crosslinked«

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  • http://www.youtube.com/profile?user=GildoBacci Gildo Bacci

    Yes, i’m not american and i believe the usa should stop sending money and troops abroad

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  • http://www.youtube.com/profile?user=eezach eezach

    I find it funny how racist Ron Paul thinks he knows what’s immoral and impractical.

    The man has no credibility.

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  • http://www.youtube.com/profile?user=mistisblu mistisblu

    Yes I Do. It is not the American Taxpayers responsibility to support other countries. I also believe that our Troops need to come home. America has NO BUSINESS being in other countries telling them how to live or telling their leaders how to run their countries. However this is not the way the rothschilds or rockefellers think. They are are controlled by greed and power and that is satan in control. God Bless.

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  • http://www.youtube.com/profile?user=MarkBertrand Mark Bertrand

    greetings, do you believe in ending all Foreign Aid?

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  • http://www.youtube.com/profile?user=MarkBertrand Mark Bertrand

    Greetings mistisblu , do you believe in ending all Foreign Aid?

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  • http://www.youtube.com/profile?user=windshield42 windshield42

    I think the only reason we are giving foreign aid now is to keep to dollar circulating so economic systems do not change to other currencies and collapse the dollar.

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  • http://www.youtube.com/profile?user=windshield42 windshield42

    I think the only reason we are giving foreign aid now is to keep to dollar circulating so economic systems do not change to other currencies and collapse the dollar.

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  • http://www.youtube.com/profile?user=BroncoWrestling BroncoWrestling

    2 sides of an argument were presented here, i agree with your idea on media bias however this is a bad example.

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  • http://www.youtube.com/profile?user=arueaopweu93234 arueaopweu93234

    the news is so biased it’s obscene. This is supposed to fair and balanced. They are not even putting up a pretense anymore.

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  • http://www.youtube.com/profile?user=jcndkeirj00 jcndkeirj00

    the news is so biased it’s obscene. This is supposed to fair and balanced. They are not even putting up a pretense anymore.

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  • http://www.youtube.com/profile?user=CHRLPTRSN CHRLPTRSN

    Some people wait for the government to fix things, other people wait for Jesus to fix things.
    Waiting = Not fixing.
    Meanwhile, it’s all going to shit.
    I see a pattern of causing people to wait for outside help instead of helping themselves, allowing those in control to stay in control because they people they control are ALWAYS WAITING AND DOING NOTHING.

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  • http://www.youtube.com/profile?user=TheXbox360News TheXbox360News

    petitions.whitehouse.gov/petition/end-all-financial-aid-foreign-countries-do-not-contribute-united-states-ie-north-korea-afghanistan/Qh0QG99V

    Like or Dislike: Thumb up 0 Thumb down 0

  • http://www.youtube.com/profile?user=LevonFavin Levon Favin

    u’re right, i am very lucky to get to know about this site. i know one thing for sure, my spouse is getting paid monthly for doing some surveys and browsing sites. i got it from here. you can also try it: bit.ly/ZRNT4V?=ukwge

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  • robin

    French Canadian, Syria…Here is Ben Swann’s latest Full Disclosure program on what is really going on in Syria. Confirmed by our relatives who live in Damascus. http://www.youtube.com/watch?v=PKQBHdp0h1c

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  • http://www.youtube.com/profile?user=WhoHowOhMy WhoHowOhMy

    I’m gonna go ahead and call your bluff and ask what you “know” about the chemical composition of fluoride?

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