The Washington Post reports several Republican Congressmen have introduced bill which would preclude taxpayer money from going to the IMF to bailout Greece.
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.
I don't see the bill advancing far during a Democrat controlled Congress but November is just around the corner and I think the voters who realize we are being asked to bail out even more profligates--this time, overseas--will be very supportive of such a move.