It Never Ends
You should be aware that Europe is is desperate financial straights and that the Euro may collapse. Fear not, the IMF (International Monetary Fund) to the rescue! The Europeans know that that the USA is having serious financial problems of our own and they won't come out and ask for a bailout. No, that would be too honest.
So instead, they are getting the IMF (on their behalf) to guarantee $1.3 TRILLION in a credit line to European banks. This is effectively, a European bank bail out!
The Small Print
The US contributes 17% to the IMF. Why exactly, we don't know. We don't even know who the IMF is or how to contact them! We'll bet George Soros does! So to get back on point; If the IMF gives the $1.3 TRILLION line of credit, it will cost the USA $200 BILLION for their bank bailouts.
Keep in mind, that these funds are taken without asking Congress. We know that Obama will be happy to contribute to putting America deeper into the poor house and will OK this transaction by the Federal Reserve Bank and Ben Bernanke.
To The Rescue
But wait! Senators Tom Coburn (R, OK) and Jim Demint (R, SC), as well as Representative Cathy Rogers (R, WA) are proposing legislation to STOP this bailout!
READERS: YOU NEED TO TAKE IMMEDIATE ACTION!
Give full support to these efforts to stop the European bank bailouts with YOUR Tax Dollars! A vote on this legislation is going to happen within the next week. Tell your Friends and family to sign this petition. To make things simple and be able to write to all your representatives simultaneously, follow this link to sign the following petition:
"We the undersigned, do not want American tax money to be used to guarantee European sovereign debt or to bail out European nations facing default on their debt. We demand that our government veto any IMF role in guaranteeing European debt as long as any default would trigger use of American tax funds. I urge Congress to pass legislation sponsored by Senators DeMint and Coburn and Representative Rodgers requiring our government to veto any such expansion of the IMF involvement in the European debt crisis."
This is YOUR chance to STOP SPENDING that we cannot afford! Don't just read this, go and sign the petition NOW!
Tuesday, December 6, 2011
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