Republicans introduce bill to prevent Euro bailout

[KMAN]

Sounds reasonable to me... We can't even fix our own country yet we are trying to fix another country????? WTF?

Right Now - Republicans introduce bill to prevent Euro bailout

 

[boedicca]

Sounds good to me.

 

[WillowTree]

bet the demonrats vote to bail Europe out. azzkissers.

 

[LibocalypseNow]

I fully support this bill. That being said,it's almost impossible for us to know how much our Federal Reserve is giving in Tax Payer bailout money. Their secrecy is impenetrable. We can however find out how much American tax dollars are being spent by the IMF. It's a good bill with righteous intentions. Lets hope we see some bi-partisanship on this one. I'm not holding my breath though.

 

[hjmick]

They'll still get our money through the IMF.

 

[boedicca]

No - the bill includes provisions to stop that:

The European Bailout Protection Act would:

1) Prohibit any funds that have yet to be drawn by the IMF from being used to provide financing to any EU countries until all EU nations are in compliance with the debt to GDP ratio requirement in their own collective growth pact.

2) Require the Treasury Secretary to oppose any IMF loans to EU nations until all EU countries are in compliance with their debt to GDP ratio requirement.

The bill does not permanently prohibit the IMF from lending to these nations; it simply prohibits the U.S. from participating in the proposed European bailout.

 

[hjmick]

No - the bill includes provisions to stop that:

The European Bailout Protection Act would:

1) Prohibit any funds that have yet to be drawn by the IMF from being used to provide financing to any EU countries until all EU nations are in compliance with the debt to GDP ratio requirement in their own collective growth pact.

2) Require the Treasury Secretary to oppose any IMF loans to EU nations until all EU countries are in compliance with their debt to GDP ratio requirement.

The bill does not permanently prohibit the IMF from lending to these nations; it simply prohibits the U.S. from participating in the proposed European bailout.

I don't know, boe. That seems too easy...

 

[LibocalypseNow]

This one should see some bi-partisanship. Lets hope so anyway.

 

[VaYank5150]

Sounds reasonable to me... We can't even fix our own country yet we are trying to fix another country????? WTF?

Right Now - Republicans introduce bill to prevent Euro bailout

Ummm, WHAT are we doing in Iraq, exactly?

 

[Avatar4321]

Sounds reasonable to me... We can't even fix our own country yet we are trying to fix another country????? WTF?

Right Now - Republicans introduce bill to prevent Euro bailout

Ummm, WHAT are we doing in Iraq, exactly?

Good question. We already achieved the objectives of taking out the former regime and helping a new government start. So why are we still there?

 

[hjmick]

Sounds reasonable to me... We can't even fix our own country yet we are trying to fix another country????? WTF?

Right Now - Republicans introduce bill to prevent Euro bailout

Ummm, WHAT are we doing in Iraq, exactly?

Some would argue that we are now attempting to fix what we broke.

 

[Avatar4321]

Who is going to bail us out when the time comes?

I think that answer is obvious. No one.

We need to prepare ourselves to prevent the pain that's coming when we need to fix things.

If you have room for a garden, i suggest you grow some food. It will save you money down the line.

 

[Eccgmike]

If we only had some "Chris Christie's" in Congress, something like this might actually get passed.

 

[MaggieMae]

This is nothing but a publicity stunt. Mike Pence, one of the smarter Republicans left, should be ashamed of himself. The U.S. is not poised to join the EU in any deal for the IMF to bail out Greece. The EU countries are, however, and it is all clearly spelled out here with absolutely zero mention of the United States.

Q+A-How does the EU's financial safety net work? | Reuters

The irony, though, is that IMF funds will not be taxed back to even the EU taxpayer, and although highly unlikely that the US would also seek IMF funds for that purpose, they would also not be charged back to the American taxpayer. First of all, the deal with the IMF represents guarantees by the EU of the IMF loan to Greece in the event they default. Second, the U.S. pays a fixed percentage (about 18%) as a member of the International Monetary Fund, and that doesn't change no matter what country finds itself in troubled waters.

Fearmongering and lies are the only platform of the GOP. Pathetic.

 

[Eccgmike]

This is nothing but a publicity stunt. Mike Pence, one of the smarter Republicans left, should be ashamed of himself. The U.S. is not poised to join the EU in any deal for the IMF to bail out Greece. The EU countries are, however, and it is all clearly spelled out here with absolutely zero mention of the United States.

Q+A-How does the EU's financial safety net work? | Reuters

The irony, though, is that IMF funds will not be taxed back to even the EU taxpayer, and although highly unlikely that the US would also seek IMF funds for that purpose, they would also not be charged back to the American taxpayer. First of all, the deal with the IMF represents guarantees by the EU of the IMF loan to Greece in the event they default. Second, the U.S. pays a fixed percentage (about 18%) as a member of the International Monetary Fund, and that doesn't change no matter what country finds itself in troubled waters.

Fearmongering and lies are the only platform of the GOP. Pathetic.

Huh?? Obama called Angela Merkel and insisited that $600 billion wasn't enough! He insisted that it needed to be AT LEAST $1 Trillion!!! Our part is $54 Billion!! And we don't even have any money!!

 

[007]

No - the bill includes provisions to stop that:

The European Bailout Protection Act would:

1) Prohibit any funds that have yet to be drawn by the IMF from being used to provide financing to any EU countries until all EU nations are in compliance with the debt to GDP ratio requirement in their own collective growth pact.

2) Require the Treasury Secretary to oppose any IMF loans to EU nations until all EU countries are in compliance with their debt to GDP ratio requirement.

The bill does not permanently prohibit the IMF from lending to these nations; it simply prohibits the U.S. from participating in the proposed European bailout.

Looks to me like we ought to be following our own advice. This bill ought to include the U.S..

 

[JimH52]

This is nothing but a publicity stunt. Mike Pence, one of the smarter Republicans left, should be ashamed of himself. The U.S. is not poised to join the EU in any deal for the IMF to bail out Greece. The EU countries are, however, and it is all clearly spelled out here with absolutely zero mention of the United States.

Q+A-How does the EU's financial safety net work? | Reuters

The irony, though, is that IMF funds will not be taxed back to even the EU taxpayer, and although highly unlikely that the US would also seek IMF funds for that purpose, they would also not be charged back to the American taxpayer. First of all, the deal with the IMF represents guarantees by the EU of the IMF loan to Greece in the event they default. Second, the U.S. pays a fixed percentage (about 18%) as a member of the International Monetary Fund, and that doesn't change no matter what country finds itself in troubled waters.

Fearmongering and lies are the only platform of the GOP. Pathetic.

Huh?? Obama called Angela Merkel and insisited that $600 billion wasn't enough! He insisted that it needed to be AT LEAST $1 Trillion!!! Our part is $54 Billion!! And we don't even have any money!!

link please

 

[California Girl]

Can y'all stop referring to Europe as 'a country'. It is not a country - it is 27 countries. Honestly, can't we not strive for intelligent comment? Europe - Union - not country. No one's asking you to bail out a country - a currency maybe.... that would be the 'Euro', as in 'used across Europe' (excluding the UK - yay!).

 

[Avatar4321]

This is nothing but a publicity stunt. Mike Pence, one of the smarter Republicans left, should be ashamed of himself. The U.S. is not poised to join the EU in any deal for the IMF to bail out Greece. The EU countries are, however, and it is all clearly spelled out here with absolutely zero mention of the United States.

Q+A-How does the EU's financial safety net work? | Reuters

The irony, though, is that IMF funds will not be taxed back to even the EU taxpayer, and although highly unlikely that the US would also seek IMF funds for that purpose, they would also not be charged back to the American taxpayer. First of all, the deal with the IMF represents guarantees by the EU of the IMF loan to Greece in the event they default. Second, the U.S. pays a fixed percentage (about 18%) as a member of the International Monetary Fund, and that doesn't change no matter what country finds itself in troubled waters.

Fearmongering and lies are the only platform of the GOP. Pathetic.

Tell me, how do you guarentee money you don't have?

 

[Sherry]

Oh no, and just when the world was starting to love us again.