On the recordMarch 13, 2014
Madam President, what has happened in Ukraine is a real disaster. It should never have happened. It is so bad, and it reflects a weakness in American foreign policy which goes deep. The American people understand that. I think the whole world is baffled at the lack of clarity in American foreign policy. I would say, if John McCain had been elected President and were President today, we would have never had this invasion by the Soviet Russians into Ukraine and Crimea. This is a big problem. It is not going away. It is a very deep and serious problem. The fundamental thing we can do today--and we should do today--is move forward with what the United States can contribute to this situation, which is to pass the $1 billion loan fund. The European Union is doing their $15 billion through the IMF. Why don't we do that? Why don't we do that? The reason is, this leadership is determined to push forward a policy change in the International Monetary Fund which has been up here before the Congress since 2010 and has not been passed and does not have to be passed today. They have insisted on that. They have placed Ukraine in second place through their reforms which they have been pushing for with the IMF, and there are serious problems with that. It gives Russia more clout, among other things; not a lot, but it gives them more clout in the International Monetary Fund. And it costs money and violates the budget. I am the ranking member on the Budget Committee.…





