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To: nickcarraway

In 2009, the Harry Reid’s Senate rejected a Republican attempt to reduce the United States’ $180 billion annual contribution to the IMF. It will be a fortunate outcome if this situation shines a bright light on the amount of money that is being sucked out of our economy every year by this organization that is run by socialists — WITH THE CONSENT OF CONGRESS. For perspective, the Pentagon budget then was about $515 billion.


4 posted on 05/17/2011 2:57:47 PM PDT by La Lydia ("California: When the parasites outnumber the hosts, it's all over.")
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To: La Lydia

This is the kind of stuff that I wish that I didn’t know.


12 posted on 05/17/2011 4:12:21 PM PDT by definitelynotaliberal (There is no native criminal class except Congress. Mark Twain)
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To: La Lydia
In 2009, the Harry Reid’s Senate rejected a Republican attempt to reduce the United States’ $180 billion annual contribution to the IMF.

The United States does not give the IMF $180 billion every year. The IMF does not require an annual contribution from member countries, only a quota which is the total amount which must be contributed.

The IMF accounts for country contributions in SDR's (special drawing rights), which are made up of a combination of currencies. According to the IMF website, the US now has a contribution of 42 billion in SDRs in this fund, which is today worth about $67 billion.

During the financial crisis the IMF did set up an additional fund of $500 billion, of which the US contributed $100 billion in 2009. This was a one time contribution, not an annual payment.

29 posted on 05/19/2011 1:03:44 AM PDT by wideminded
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