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12-8-11 Coalition Letter - Oppose U.S.-funded Euro Bailout

12-8-11 Coalition Letter - Oppose U.S.-funded Euro Bailout

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Published by Adam Berkland

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Published by: Adam Berkland on Dec 08, 2011
Copyright:Attribution Non-commercial


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Twenty Conservative Organizations to Congress:
“Don’t Force U.S. Taxpayers to Bail Out Europe!”
December 8, 2011
Dear Senators and Representatives,
On behalf of the millions of members of our respectiveorganizations, we urge you to include language in the final so-called megabus appropriations package expressly prohibitingthe use of any United States taxpayer dollars for a bailout of Europe.
Hardworking American taxpayers should not be forced to coverthe costs of reckless government spending policies in countrieslike Greece and Italy. It is unconscionable to force middle-class Americans to pay for European bureaucrats to retire intheir fifties with full pensions and benefits. The problems inEurope are for Europe to address without forcing Americantaxpayers to pick up the tab.
Numerous media reports suggest the Obama administration, ledby treasury Secretary Tim Geithner, is promising U.S.participation in an IMF-led bailout of European countries thathave spent themselves into fiscal crisis. If Congress fails to act,the administration appears set to move forward withoutcongressional approval.
We therefore urge you to include the language limiting fundsfor an IMF bailout facility approved by the House State,Foreign Operations, and Related Programs AppropriationsSubcommittee in the final appropriations package.
This language, also contained in standalone legislation H.R.2313, would rescind the line of credit created in 2009 that givesthe administration access to up to $108 billion in U.S. taxpayerfunds for a bailout of Europe.
The American people resoundingly rejected bailouts in the2010 election. Congress should fulfill its mandate and stop anyrisk of U.S. taxpayers being forced to bail out Europe.

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No More Bailouts! Balance the budget!

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