Rand Paul: “I rise to point out to the House a piece of legislation that I am sure will be passed tonight or in the morning in the…”

“I rise to point out to the House a piece of legislation that I am sure will be passed tonight or in the morning in the wee hours when a lot of people are not paying much attention, and that is the foreign operations appropriations conference report. I would like to point out that buried in this report is a $3.5 billion new program called the new agreements to borrow, further funding for the IMF. These are the funds that will be used to bail out Third World nations and also bail out bankers and industries that have invested in these nations such as in Mexico or Indonesia. This is considered not to be expensive because of our special accounting procedure here, it is not on budget. It is supposed to be for free. But let me call my colleagues' attention to this: new agreements to borrow, IMF, new funding in the foreign operations bill report. This is inflationary, it is detrimental to the dollar, and it is subsidizing foreign interests as well as special banking and industrial interests here.”