Republicans introduce bill to prevent Euro bailout

Discussion in 'Politics' started by KMAN, May 14, 2010.

  1. KMAN
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    KMAN Senior Member

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  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Sounds good to me.

    :)
     
  3. WillowTree
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    WillowTree Diamond Member

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    bet the demonrats vote to bail Europe out. azzkissers.
     
  4. LibocalypseNow
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    LibocalypseNow Senior Member

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    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.
     
  5. hjmick
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    hjmick Gold Member

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    They'll still get our money through the IMF.
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    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.
     
  7. hjmick
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    hjmick Gold Member

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    I don't know, boe. That seems too easy...
     
  8. LibocalypseNow
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    LibocalypseNow Senior Member

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    This one should see some bi-partisanship. Lets hope so anyway.
     
  9. VaYank5150
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    VaYank5150 Gold Member

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  10. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    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?
     

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