Saturday, June 20, 2009

Congress and the International Monetary Fund (IMF)

This week in Washington the House approved $106 billion supplemental appropriations bill to fund our troops in Irag and Afghanistan, which also included $108 billion for the IMF. Umm! A vote against the IMF funding would be a vote against our troops. This should be an outrage to every American. These bills should be separate and voted as such. The argument that the Administration is putting forth is that it is in our vital economic interest and global security to fund the IMF $108 billion. Why? Is anyone really home out there?

It's not like the IMF doesn't have any financial resources. The IMF holds 3,217 metric tons of gold (103.4 million ounces).

Now, I am all for the funding of our troops, but I can not justify funding the IMF; which, by the way, is not such a great supporter of the United States.

This bill will now be voted on in the Senate. If you feel that funding for our troops and the IMF should be separate bills and debated on their own merits, contact your Senators and tell them as much!

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