Economy
5:48 pm
Wed August 7, 2013

Rand Paul: U.S. Should Use Foreign Aid Money to Help Economically Distressed Areas

Kentucky’s junior U.S. Senator says he’s developing a “Republican alternative” to a Detroit bailout plan.

Speaking on the Glenn Beck radio show, Senator Paul said he is talking with his staff about ways to help economically depressed areas of the country, like Detroit. The Bowling Green Republican said he would like to look at ways to “have some tax forbearance, reduce some taxes, encourage businesses, encourage people to come in and take abandoned property.”

Politico reports Paul is opposed to the idea of borrowing money to bail out the city, but he is suggesting the government should redirect foreign aid sent to countries like Egypt, and instead use it on infrastructure projects in the U.S.

A national poll conducted by Quinnipiac University shows that a majority Democrats believe the federal government should bail out Detroit, but an even larger majority of Americans oppose such a move.

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