ScreamingEagle
Gold Member
- Jul 5, 2004
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"Some congressional Republicans are concerned that taxpayer dollars could be at a greater risk under the changes, however. Some Republicans on the Senate Foreign Relations Committee tried to get rid of the provision during a Wednesday markup, but were defeated by Democrats and a few Republicans."It appears one of the Administration's goals is to use the Ukraine crisis to reform the IMF rules....maybe someone here can explain what this is really all about....it seems Republicans are against it because it may affect taxpayers....Boehner says it has nothing to do with Ukraine...
Secretary of State John Kerry urged Congress to approve reforms to the International Monetary Fund that the administration says is a critical component of aid to Ukraine but is running into opposition from some Republicans.
We must have IMF reform, we must have the quota, Kerry told a Senate appropriations subcommittee Thursday. It would be a terrible message to Ukraine for everybody to be standing up talking, appropriately, about whats at stake and not to be able to follow through.
A bill heading to the Senate floor gives congressional approval to a 2010 IMF decision that reconfigures the amount of money the United States and other countries contribute to the organization. But many Republicans worry the move could expose taxpayers to risk and say its unrelated to the crisis in Ukraine. The GOP-controlled House passed a Ukraine measure last week that didnt include the IMF provision.
The IMF money has nothing to do with Ukraine, Speaker John Boehner said Thursday. I understand the administration wants the IMF money but it has nothing at all to do with Ukraine. So lets just understand what the facts are here.
Read more: John Kerry: Include IMF changes in Ukraine package - Seung Min Kim - POLITICO.com
John Kerry: Include IMF changes in Ukraine package - Seung Min Kim - POLITICO.com
It's always possible that "loan guarantees" from the IMF which are structured to increase the wealth of oligarchs in the US, EU, and Ukraine will ultimately fall on taxpayers in the US and elsewhere while cutting pensions in Ukraine from about $160/month to $80.
That's how IMF/Washington Consensus "structural adjustments" have performed over the past 70 years.
A question more westerners should be asking is how many Ukraines are there?
The following is a short (1-2 page) interview with Aleksandr Solzhenitsyn on Ukraine reprinted from a 1994 issue of Forbes Magazine:
"I myself am nearly half Ukrainian. I grew up with the sounds of Ukrainian speech. I love her culture and genuinely wish all kinds of success for Ukrainebut only within her real ethnic boundaries, without grabbing Russian provinces."
An Interview With Aleksandr Solzhenitsyn on Ukraine » CounterPunch: Tells the Facts, Names the Names
so this currently proposed 'reform' of the IMF is just another scam to rip off the American taxpayer...
....just more of Obama's socialist redistribution scheme.......but on a global level....