While the Democrats continue to insist upon including money for the International Monetary Fund (IMF) in the War Supplemental, House Republicans oppose any effort to use our troops to rush through massive and controversial non-defense related spending. Specifically, Republicans are troubled by reports that indicate the inclusion of $108 billion in funds for the IMF. Here are the 10 most controversial aspects of the Democrats’ proposal:
1. The Democrats’ proposal risks delaying money to our troops. America’s troops should never be used as a vehicle to pass un-related and controversial legislation.
2. The Democrats’ proposal cuts $5 billion from our troops in order to fund the IMF.
3. Under the Democrats’ proposal, the U.S. will spend more on a global bail-out for foreign countries than on its own soldiers.
4. Because any IMF member country may apply for these loans, Iran, Venezuela, Zimbabwe, and Burma are all eligible. Therefore, “state sponsors of terrorism” can receive American taxpayer money under the Democrats’ proposal.
5. The New York Times reported on May 27, that Hezbollah is in talks with the IMF about continuing loans to Lebanon should they win the election. Therefore, a terrorist organization could receive American taxpayer dollars under the Democrats’ proposal.
6. In order to loan the IMF $108 billion, the U.S. will have to borrow the money from other countries, like China.
7. A loan of such a size to the IMF will put America further into debt, a cost that will be paid by our children and grandchildren.
8. According to the Center for Economic and Policy Research, American taxpayers will actually lose money by loaning it to the IMF.
9. Countries like China, Russia, Brazil, and India have announced that they will not participate in loans to the IMF. Why would America support loans for the IMF when others are not?
10. And finally, the American taxpayers are sick of bail-outs in their own country. How can Democrats rationalize a global bail-out?