The emergency supplemental appropriations bill sends:
$660 million to Gaza
$555 million to Israel
$310 million to Egypt
$300 million to Jordan
$420 million to Mexico
$889 million to the United Nations for so-called “peace-keeping” missions
$1 billion overseas to address the global financial crisis outside U.S. borders
$8 billion to address a potential pandemic flu, which he said could result in mandatory vaccinations “for no discernable reason other than to enrich the pharmaceutical companies.”
Perhaps most outrageous, Paul said, is the $108 billion loan guarantee to the IMF.
“These new loan guarantees will allow that destructive organization to continue spending taxpayer money to prop up corrupt leaders and promote harmful economic policies overseas. Not only does sending American taxpayer money to the IMF hurt citizens here, evidence shows that it even hurts those it pretends to help.”
Paul said that IMF loans require policy changes called “structural adjustment” programs, which amount to “forced Keynesianism.”
“This is the very fantasy-infused economic model that has brought our own country to its knees,” Paul said, “and IMF loans act as the Trojan horse to inflict it on others."
Leaders in recipient nations tend to become more concerned with the wishes of international needs than the needs of their own people, he said.
“Argentina and Kenya are just two examples of countries that followed IMF mandates right off a cliff. The IMF frequently recommends currency devaluations to poorer nations, which has wiped out the already impoverished over and over.”
Paul noted a long list of brutal dictators the IMF happily supported and propped up with loans that left their oppressed populaces with staggering amounts of debt with no economic progress to show for it.
The continued presence of U.S. forces in Iraq and Afghanistan does not make America safer at home but, in fact, undermines national security, he said.
“We are buying nothing but evil and global oppression by sending [our] taxpayer dollars to the IMF — not to mention there is no constitutional authority to do so.”
Thursday, June 25, 2009
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