I think this will resonate with the American people:
After a week of preemptive attacks on a possible IMF bailout of Greece, Rep. Mike Pence (R-Ind.) introduces the European Bailout Protection Act, aimed at preventing taxpayer dollars from going to a rescue plan.
“This legislation would require that countries like Greece cut spending and put their own fiscal house in order,” says Pence, backed up by other members of the House GOP, “instead of looking to the United States for a bailout. We face record unemployment and a debt crisis of our own, and American taxpayers should not be forced to bear the risk for nations that have avoided making tough choices.”
Hopefully, Democrats will rise in opposition to this. After all, if the liberal theories about government spending are true, then spending on Greece will work wonders for the global economy, right? Come on, Democrats – be true to your tax and spend principles!
Joking aside, this is a vital law – not a dime of American money should go to pay off the gamblers who bet on Greek or other European bonds. Let them crash – let the banksters who made these bets go broke…there is no “too big to fail”.
