Posted on 05/21/2009 7:38:11 PM PDT by Mozilla
(CNSNews.com) - President Obama has asked Congress to authorize $100 billion in loans to the International Monetary Fund (IMF) to help create a $500 billion global bailout fund.
If passed by both the Senate and the House, the bill would allow the IMF to borrow up to $100 billion from the U.S. and increase the U.S. fiscal contribution to the IMF by $8 billion.
“It’s a new appropriation,” Rob Blumenthal of the Senate Committee on Appropriations, the committee that drafted the bill, told CNSNews.com.
But the move is questioned by some lawmakers who are skeptical about lending money when the nation’s debt continues to climb – and who are concerned about the fact that the U.S. will have to borrow the money at some point to pay the $100 billion.
(Excerpt) Read more at cnsnews.com ...
Global Bailout plan? This is a joke and sadly all too real.
They just keep on bankrupting the Country.
Somebody tell me when this steaming pile has left the room....meantime, I’m quiting society.
Where can I get me one of these neverending money trees? geez.
I cannot fathom the hell that is upon us. ‘Something wicked this way comes’ is all I keep saying to myself.
President Kenya wants to funnel more of our money to the third world. Imagine that.
Downpayment for the NWO
Hey, no problem - just got to print up a bunch mo’ money!!
At some point the MSM has to wake up and tell the people what's going on. They have a responsibility to do so. Maybe when obama comes after their assets they'll start to get it.
Stop giving them money. It’s the only way to stop it. be creative, there are so many ways around it. Why do you think the govt. got a fraction of what they got in taxes last year? It has already started..........silently, but it has started.
What’s he going to back the loan with?
Spitballs???
Thats why? Barry Half-White is singing the Socialist Song..
Eastern Europe mostly, also third world commodity-exporter economics not blessed with oil.
Our banks and European banks lent them lots of money in the bubble and they can't pay it back. If the IMF lends to them in the smash, said bankers are made whole, and the IMF gets paid back much more gradually. If instead we play "beggar thy neighbor", guess what? Debtors don't pay anything when they default, their creditors do. Their creditors are us...
Does this lunatic even know what a billion dollars is? This is really getting scary and the MSM is asleep at the wheel...
Spitballs???
Spitballs...Nope..... your paycheck...
Waste, graft, corruption, slush.
No problemo. Just fire up the printing press. It’s all funny money at this point.
Same thing I was thinking. These two losers from Chicago are going to have a sweet nest egg.
No, no, no, stop handing out OUR money!More specifically stop handing it out to people who are NOT our friends.
Dear Lord, save us from these idiots!
after all of this, I bet alot of folks wish we just gave every american 100,000 and called it a day. At least we could have done the stuff we needed to do before we started paying the interest on it. I know I wish it happened that way.....
Charity begins at home.
From their perspective ... they are. LOL. The MSM believes in this crap. The liberals are being exposed for what they are. Clinton talked good but gave them cover. Obama just shoves this steaming pile right out there in our faces. Eventually leaders will emerge on our side and take advantage of an unprecented (arguably matched by FDR) overreaching by Obama and the dems. This is setting up for 1994 all over again but the missing ingredient are leaders analogous to Newt and his gang.
No problemo. Just fire up the printing press. It’s all funny money at this point.
Hell, just give the country away.
I can’t tell you how this drives me crazy.
How can one man destroy the country.
Where are the checks and balances?
LOL, my government already has most of that.
I have ‘free’ health care, when/if I can get it.
That level of service is included in my taxes, at no extra charge.
;-)
Obama wants....Obama needs...Obama wants...Obama needs....narcissistic Kenyan bastard.
“At some point the MSM has to wake up and tell the people what’s going on. They have a responsibility to do so. “
No they don’t. We have a responsibility to stand up. The people we elect have the responsibility.
The MSM AGREES with the destruction of the USA.
They will not change until forced to change.
You will bail them out when they go bankrupt. Govt will own them and control them. Not that it would change how they act now.
Obama...BS, just give it to them. What the hell! You are RAPING every current and future citizen of this country. Why not just shoot ‘em in the head once you have FINISHED, Marxist!
It is for the good of the neighborhood.....Que Mr. Rogers!!
And The POS Republicans ARE WHERE???? Exactly, ignore the Marxist behind the curtain.
BTW, don’t forget 2 vote! Nice and patriotic.
has asked Congress to authorize $100 billion in loans to the International Monetary Fund (IMF) to help create a $500 billion global bailout fundI hereby proclaim myself an independent nation...
Somebody tell me when this steaming pile has left the room....meantime, I’m quiting society.
__________________________________________
Me, too. We won’t last another 6 months.
I did vote. I voted against all the Props 1A thru F in Kaleephornya. There’s nothing left to do but watch the damn thing burn down. I hope Ahnuld has to watch every last piece of his fiefdom crumble.
Shoot me now.
Somebody needs a serious reality check. The people in Washington DC have lost their minds.
“I think not!” she said indignantly.
And we all thought the UN “Oil for Garbage” theft was huge.. We ain’t seen nothing yet!
Exactly, in san diego county, there is a waiting list for seniors to get food from the food banks, we can give money to every one in the world but our low income seniors..
Global “bailout”? It’s a day late and a Dinar short.
Luke 17:26-29
26 And as it was in the days of Noe, so shall it be also in the days of the Son of man.
27 They did eat, they drank, they married wives, they were given in marriage, until the day that Noe entered into the ark, and the flood came, and destroyed them all.
28 Likewise also as it was in the days of Lot; they did eat, they drank, they bought, they sold, they planted, they builded;
29 But the same day that Lot went out of Sodom it rained fire and brimstone from heaven, and destroyed them all.
The situation was summed up with the Illinois lottery pick three numbers on November 5th: 6 6 6
That ship has already sailed.
I can’t tell you how this drives me crazy.
Welcome to the club.
How can one man destroy the country.
It's not just one man. He has had a lot of help.
Where are the checks and balances?
In the trash, with the Constitution.
And yet, as far as I can tell (do you get a different take from your non-partisan type family, friends and neighbors over there??), the guy still enjoys American Citizen approvals into the high 50%'s or low 60%'s depending who you read, so as I have articulated before on FR, unfortunately the problem may not just be with OBAMA.
Somebody please contradict me, for the love of pete I hope I am wrong about this and mistaken about my country these days.
What do I know anyway. I am just over here, far away.
Nam Vet
You FReekin morons should be concerned. You, and you alone created this steaming pile!
Yes. Approximately 58% of the nation.
The people in Washington DC have lost their minds.
No.
You have lost your money (if you had investments). They are looking forward to profiting from their investments, which come from you being forced to borrow the money.
See how that works?
They're actually pretty smart.
can someone please show me what law gives him this authority? i do not see one. if so, how do we gain standing to counteract this in the legal system?
I hope we're not as screwed as I'm afraid we might be(!)
Has it really only been about 122 days since this administration took office? Honestly, it seems like forever ago. It is almost akin to at least one of the many feelings I had right after 9/11 — the feeling that 9/10 was so, so long ago. I guess traumatic, negative change will do that to a person.
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