- Aug 12, 2009
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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!!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.
Just making things up, are we?
Or do you have a source?