Latest Greek bailout – U.S. taxpayers on the hook again

Dear Congress:

With the latest Greece bailout plan announced early this week, it appears (via the IMF) that U.S. taxpayers will get soaked again. “An International Monetary Fund official said the Fund’s participation in the second Greek bailout is essential to make it work.”

The overall deal involves “237 billion euro ($314 billion).” And the IMF “itself now has to decide its level of participation the $110 billion euros of official aid being offered in the new rescue package, the official said.”

“IMF Chief Christine Lagarde is preparing to propose a new financing deal for Greece to the IMF board. But she will face concerns among some members that the fund has already pumped a record 20 billion euros into the country in the first bailout, without succeeding in stabilizing the country’s finances.”

The U.S. taxpayer has already (via the IMF) paid over $787 million to help Greece citizens with their debt burden.  The U.S. kicks in 17.7% of the IMF budget, so another round of IMF funding for a Greece bailout means that the U.S. will be borrowing / printing another boatload of Dollars to help out….. Greece (?)

It is time to “strengthen the base” here in America – Give U.S. citizens access to direct credit extensions from the Fed window with the Leviticus 25 Plan.

 Source: “IMF support essential for new Greece bailout”: http://www.breitbart.com/article.php?id=CNG.0ec34b41a1639e68a33560f385a9c2f3.91&show_article=1

 

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