Venezuela’s Socialist Catastrophe Is About To Cost The US Taxpayers Half A Billion Dollars
Within less than two decades, Venezuela has gone from being the wealthiest nation in Latin America to utter catastrophe, and it is now going to cost the United States taxpayers a lot of money. Congress is getting ready to spend $400 million in humanitarian assistance to crisis-stricken Venezuela. That is just the beginning.
In a bi-partisan effort, the U.S. Senate Foreign Relations Committee has passed the Venezuela Emergency Relief, Democracy Assistance, and Development (VERDAD) Act this week and now it goes to the Senate floor for a full vote.
The act provides $200 million those suffering in Venezuela directly and $200 million to countries accepting Venezuelan refugees.
It is hoped that the funding will help advance a constitutional and democratic solution to Venezuela’s political crisis.
Co-sponsors of the Senate bill include Senators Dick Durbin (D-IL), Ted Cruz (R-TX), Ben Cardin (D-MD), John Cornyn (R-TX), Tim Kaine (D-VA), Todd Young (R-IN), Jeanne Shaheen (D-NH), Lindsey Graham (R-SC), Michael Bennet (D-CO), John Barrasso (R-WY), Chris Coons (D-DE), Bill Cassidy, M.D. (R-LA), Josh Hawley (R-MO), Kirsten Gillibrand (D-NY), Tom Carper (D-DE), and Cory Gardner (R-CO).
Yesterday the House & Senate advance two different bipartisan bills on #Venezuela
— Marco Rubio (@marcorubio) May 23, 2019
The legislation aims to “provide humanitarian relief to the Venezuelan people and Venezuelan migrants, to advance a constitutional and democratic solution to Venezuela’s political crisis, to address Venezuela’s economic reconstruction, to combat public corruption, narcotics trafficking, and money laundering, and for other purposes.”
Sen. Marco Rubio (R-FL), who has worked closely with the Trump administration on efforts to remove Nicolás Maduro’s socialist dictatorship from power, said that the legislation sent a “strong bipartisan message of support” to the Venezuelan opposition against the regime.
“The Senate Foreign Relations Committee is sending a strong bipartisan message of support to the people of Venezuela by marking up and passing the VERDAD Act,” he said. “Venezuela’s road to democratic order and restoration of the rule of law will demand significant effort from the U.S. our regional allies and the international community. The U.S. will continue to provide much needed humanitarian assistance and help coordinate the efforts for a Venezuela post-Maduro.”
There are very few unwilling to admit that socialism created the havoc in Venezuela. Even the ultra-left NYT states that socialism is the cause.
Venezuela was once the richest, most stable, democracy in Latin America, with some of the world’s largest oil reserves. Venezuela was a powerhouse of South America in the 1990s.
Today, that same country is running out of food. Hospitals are overcrowded with sick children while doctors don’t have enough medicine or X-ray machines. Electricity isn’t guaranteed.
READ ALSO: Student Activist Blames U.S. for Chaos in Venezuela While Declaring Socialism is Working Fine!
The economy has spiraled toward collapse, and a humanitarian crisis has plunged hordes into needless sickness and starvation.
About the only thing Venezuela has in abundance is chaos.
The country turned toward socialism in 1999 and elected Hugo Chavez president. He championed populism, cut ties with the United States and cozied up to China and Russia, both of which loaned Venezuela billions. Chavez ruled until his death in 2013.
Before he died, Chavez picked Nicolas Maduro to succeed him. Maduro kept up the regime’s practices. His administration also stopped publishing any reliable statistics, including on economic growth and inflation. It accepted millions in bribes for construction projects and racked up debts that it is still struggling to pay.
Venezuelan socialism has created a catastrophe for it’s poor citizens, and as always, The United States is here to help. We can, because…well… capitalism!
Take that Ocasio-Cortez and Bernie Sanders!