Obama: Spend a Billion for Every Million You Save
WASHINGTON (Reuters) – President Barack Obama on Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF’s resources and urged a bigger stake in the IMF for emerging powers.
In a letter to U.S. congressional leaders, Obama said the U.S. funding “does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets.”
Ah, it’s a “loan.” That means all of the money we’ve thrown down the toilet, I mean the money we’ve loaned them in the past is available to use if we should need it.
What a fraud. We put most of the money into the IMF and get nothing out of it. All it is is a massive fraud meant to transfer money from us to them.
What’s really ironic is that Obama is oh so proud of himself that he ordered the government to save 100 million dollars. His spokesmodel just said that it was big money where he comes from.
Now Obama is in favor of giving a thousand times that much to a bunch of tinpot dictators.