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Is U.S. Aid To Ukraine Rebuilding America's Industrial Base?

The Federalist: No Mitch McConnell, Ukraine Aid Is Not ‘Rebuilding Our Industrial Base’ 

Senate Republican Minority Leader Mitch McConnell wants to reassure Ukrainian aid skeptics that billions in foreign assistance is being spent on American manufacturers to build weapons at home. 

“If you look at the Ukraine assistance,” McConnell said on CBS, “a significant portion of what’s being spent in the United States and 38 different states, replacing the weapons that we send to Ukraine with more modern weapons, so we’re rebuilding our industrial base.” 

But a closer examination of the aid for Ukraine reveals an overwhelming majority of taxpayer dollars are going overseas. Just a fraction of the $113 billion spent has gone to “rebuilding our industrial base.”  

Read more ....  

WNU Editor: Defense spending always boosts the economy, but after the stimulus it is always followed by inflation and economic contraction. And as for rebuilding America's industrial base. I doubt it.



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