Wednesday
May192010
House Republicans Object To Proposed Bailout Of Greece
Wednesday, May 19, 2010 at 5:19PM
By Alexa Gitler
Talk Radio News Service
House Republicans on Wednesday criticized the Obama administration for supporting a financial bailout of debt-laden Greece, and touted legislation they've drawn up that would prevent U.S. dollars from being used to fund such a maneuver.
"The European Bailout Protection Act [was] designed to pull back from this administration’s head rush to take the bad ideas of the Wall Street bailout and take them global,” House Republican Conference Chairman Mike Pence (D-Ind.) argued.
According to the Pence, the bill does not permanently prohibit the International Monetary Fund (IMF) from lending to these nations; it simply prohibits the United States from participating in the proposed European bailout.
Other members present, including Reps. Jeb Hensarling (R-Texas), Todd Tiahrt (R-Kan.), and Tom McClintock (R-Calif.) shared Pence’s views, explaining that the bailout would merely be a temporary solution and that they hoped there could be bipartisan effort to reconsider the terms of the bailout before moving forward.
“There is an element of simply forestalling the pain for one generation and transferring even greater pain to the next generation,” Hensarling said. “All bets are off, all taxpayer commitments have to be re-examined.”
Added Tiahrt, “This is a good opportunity for America to wake-up and to become sober when it comes to spending.”
Talk Radio News Service
House Republicans on Wednesday criticized the Obama administration for supporting a financial bailout of debt-laden Greece, and touted legislation they've drawn up that would prevent U.S. dollars from being used to fund such a maneuver.
"The European Bailout Protection Act [was] designed to pull back from this administration’s head rush to take the bad ideas of the Wall Street bailout and take them global,” House Republican Conference Chairman Mike Pence (D-Ind.) argued.
According to the Pence, the bill does not permanently prohibit the International Monetary Fund (IMF) from lending to these nations; it simply prohibits the United States from participating in the proposed European bailout.
Other members present, including Reps. Jeb Hensarling (R-Texas), Todd Tiahrt (R-Kan.), and Tom McClintock (R-Calif.) shared Pence’s views, explaining that the bailout would merely be a temporary solution and that they hoped there could be bipartisan effort to reconsider the terms of the bailout before moving forward.
“There is an element of simply forestalling the pain for one generation and transferring even greater pain to the next generation,” Hensarling said. “All bets are off, all taxpayer commitments have to be re-examined.”
Added Tiahrt, “This is a good opportunity for America to wake-up and to become sober when it comes to spending.”
Reader Comments (1)
I've worked on and off with various construction workers for 30 years. About 1/3 of them were Union workers. Of the Union workers, I would guess about 1/3 of those work about the same. Of the remaining Union workers, I would guess about 1/10 work "Really hard" which is similar to the way around 75% of NON Union workers do all the time.
So, all the reasons you can come up with about training, Union dues, membership, promises, I'm wondering WHAT would make any Non Union worker want to have his/her tax dollars EVER go to any UNION worker, for ANY reason: Pensions, Bailouts, or anything else? The obvious scam here is: Unions pay their dues to politicians who bail them out to keep the politicians in office, so they are essentially bribing each other. In summary, in Greece or America or on any other planet: VOTE for NON UNION everything; stop the farce. Get back to work and try to SURVIVE like the rest of us. OH and: Good LUCK with that, if you're a Democratic politician; the Tea Parties are COMING! (SO is the Constitution / again).