Should U.S. Tax Payers Bail Europe Out Too? Yea Or Nay?...

[Avatar4321]

And who is going to bail us out?

 

[Samson]

As the IMF gets set to give several $Billions to Greece and possibly other European Nations,it does bring up a very important question for Americans. Since a big percentage of IMF money is American Tax Payer money,this means that Americans will now be paying to bail Europe out as well. This doesn't even include what the Federal Reserve is possibly giving Europe. We don't know how much our Federal Reserve is giving Europe because of their tight secrecy. So after bailing out countless Corporations here in the U.S.,should we be bailing Europe out too?

Is a "Big Percentage of IMF money" from American Tax Payers?

What is the %?

Source?

 

[Flopper]

As the IMF gets set to give several $Billions to Greece and possibly other European Nations,it does bring up a very important question for Americans. Since a big percentage of IMF money is American Tax Payer money,this means that Americans will now be paying to bail Europe out as well. This doesn't even include what the Federal Reserve is possibly giving Europe. We don't know how much our Federal Reserve is giving Europe because of their tight secrecy. So after bailing out countless Corporations here in the U.S.,should we be bailing Europe out too?

Is a "Big Percentage of IMF money" from American Tax Payers?

What is the %?

Source?

Yes. There are 174 member nations in the IMF. Funds come from members based on GDP size and interest from loans. The US being the largest, pays the most. Currently, I think we pay 54 billion which is 18% of the total collected. During a financial crisis, contributions can easily double. Most of the money goes to fund a reserve from which loans are made, so it varies each year. The IMF is also sitting on the third largest supply of gold in the world, abut 3000 metric tons. So it has huge assets.

Before deciding that the US can save a bundle by stepping out of the IMF, you should know that most of the money that goes to the IMF is not an expense but an asset exchange. We give the IMF dollars and the IMF gives us a claim against assets which are considerable. These claims of course are national debt offsets.

Since the US is largest contributor to IMF, we have the largest vote. This allows us a lot of power in shaping economic policies which benefits US exports. Also the IMF intervention in foreign monetary crisis protects US banks, as in the Latin American Banking fiasco of the 1980's.

Realistically, just walking out of the IMF would probably cost us a lot more than what we put into it.

 

[Douger]

Fuck the Eurotrash.
Let the murderous fucks starve.

 

[Toro]

As the IMF gets set to give several $Billions to Greece and possibly other European Nations,it does bring up a very important question for Americans. Since a big percentage of IMF money is American Tax Payer money,this means that Americans will now be paying to bail Europe out as well. This doesn't even include what the Federal Reserve is possibly giving Europe. We don't know how much our Federal Reserve is giving Europe because of their tight secrecy. So after bailing out countless Corporations here in the U.S.,should we be bailing Europe out too?

Is a "Big Percentage of IMF money" from American Tax Payers?

What is the %?

Source?

I believe it is 28%.

 

[mudwhistle]

Nay....give them money we had to borrow in the first place....and get nothing but their scorn in return?

 

[MaggieMae]

And who is going to bail us out?

NObody, because we won't need one. The country has seen high debt-to-GDP ratios before and pulled out of it because we eventually do what's necessary. It may be painful, but I sure have a lot more faith in the capabilities of this great nation than do the naysayers who predict the sky will soon be falling. (Or is that only when Dems are in power...)

 

[editec]

As the IMF gets set to give several $Billions to Greece and possibly other European Nations,it does bring up a very important question for Americans. Since a big percentage of IMF money is American Tax Payer money,this means that Americans will now be paying to bail Europe out as well. This doesn't even include what the Federal Reserve is possibly giving Europe. We don't know how much our Federal Reserve is giving Europe because of their tight secrecy. So after bailing out countless Corporations here in the U.S.,should we be bailing Europe out too?

FYI


The USA contibutes 17.09 % of the IMF's funding.

 

[Big Fitz]

Yet one more reason to adopt a strict Isolationist foreign policy.

I know you're being sarcastic, which is too bad, cause you're right. We do need to revert back to traditional American Isolationism in many regards. Particularly defensive treaties.

Remember, defensive treaties are to blame for WW1, and we're right back there now. It's time to end Wilsonian doctrine of global involvement.

 

[LibocalypseNow]

As the IMF gets set to give several $Billions to Greece and possibly other European Nations,it does bring up a very important question for Americans. Since a big percentage of IMF money is American Tax Payer money,this means that Americans will now be paying to bail Europe out as well. This doesn't even include what the Federal Reserve is possibly giving Europe. We don't know how much our Federal Reserve is giving Europe because of their tight secrecy. So after bailing out countless Corporations here in the U.S.,should we be bailing Europe out too?

Is a "Big Percentage of IMF money" from American Tax Payers?

What is the %?

Source?

My research put the American Tax Payer IMF percentage at 25%. Some say higher and some say lower.

 

[amrchaos]

Maybe the op does not understand that America is getting bailed out by other countries such as the COMMUNIST Chinese and THOSE ILLEGAL BORDER JUMPING Mexicans.

Should we bail out Europe? Don't make me laugh! Should it not be "Should we stop borrowing from Europe?" Tht is right, we borrow from European nations such as Italy and Germany!


Now how does that make you feel? I hope a little guilty!

 

[Flopper]

As the IMF gets set to give several $Billions to Greece and possibly other European Nations,it does bring up a very important question for Americans. Since a big percentage of IMF money is American Tax Payer money,this means that Americans will now be paying to bail Europe out as well. This doesn't even include what the Federal Reserve is possibly giving Europe. We don't know how much our Federal Reserve is giving Europe because of their tight secrecy. So after bailing out countless Corporations here in the U.S.,should we be bailing Europe out too?

Is a "Big Percentage of IMF money" from American Tax Payers?

What is the %?

Source?

My research put the American Tax Payer IMF percentage at 25%. Some say higher and some say lower.

The amount all depends on amount of loan activity of the IMF. The percent should stay close to 18% since it is based on the size of the economies of member nations. The number of votes a nation gets is based on the amount they pay into the IMF. 25% for the US would mean the US, British, Germany, and Japan, who often vote together would be able to control the IMF. That would sure ruffle some feathers.