US spending out of control…but Obama wants billions more
So everyone knows America is in a financial crisis. But apparently Barack Obama does not care:
U.S. President Barack Obama Monday asked Congress to back an expansion of an IMF emergency fund by $500 billion in a move designed to expand its reach to big emerging-market nations.
Obama also asked lawmakers to approve a U.S. contribution to the fund to $100 billion, as part of the plan to swell International Monetary Fund reserves agreed at this month’s Group of 20 industrial and developing nations summit in London.
What this would mean is more money out of the taxpayers pockets. And I’m sure this will be a really popular idea: just give billions (that we don’t have) to private international organizations. Not.
This blogger has some suggestions for Obama: spending less. And I agree completely. If Obama wants to donate money to a private international organization that isn’t going to help America, he should do so out of his own pocket.
Here is a video called “abolish the World Bank and IMF” in which Jim Rogers talks to Sir David about the current economic crisis and Barack Obama’s rescue package.
Lastly, if you want to find out how the International Monetary Fund relates to the New World Order, go here.
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