Photo: AP Photo/Harry Hamburg
Rep. Cathy McMorris Rodgers, the Vice Chair of the House Republican Conference, called on President Barack Obama to prevent U.S. funding from being used in the Eurozone bailout.”A crisis caused by spending and borrowing will not be solved by more spending and borrowing. And that is why America should not participate in Europe’s $1.4 trillion bailout fund,” she said in a statement.
On a conference call with bloggers and reporters on Friday, McMorris Rodgers noted that the U.S. gave $100 billion to the International Monetary Fund 2009, and that it can prevent that funding from being used to help bailout Greece.
“Even now, the Obama Administration has to power stop the IMF from using U.S. taxpayer dollars on these bailouts. At the very least, the Administration should admit that America’s growing involvement in these bailouts is a legitimate issue that requires an open debate.”
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