Tuesday, May 17, 2011
The Wonder That Is the IMF
A friend just wrote me the following, and I don't know how it can be said better.
Please explain to me why it makes sense for the U.S. taxpayer to borrow $108 billion a year from the Chinese only to send the proceeds to the IMF, so that they (the IMF bureaucrats and politicos) can live like spoiled kings, and then pass on our money to socialist basket cases in Europe (Greece), Africa, and elsewhere. How can that possibly make sense? In effect, a worker in Ohio is paying taxes so that someone in Greece never has to work.