Sunday, May 16, 2010

The Greek Bailout! It's Greek To Me

Why YOUR MONEY should not be going to Greece!

In 1794, when Congress appropriated $15,000 for relief of French refugees who fled from insurrection in San Domingo to Baltimore and Philadelphia, James Madison stood on the floor of the House to object saying:

“I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” — James Madison, 4 Annals of Congress 179, 1794

Entitlement-mania in that nation has cost more drachmas than it could raise in the next 50 years, and the U.S. Spender-in-Chief wants to lend a hand -- yours. Here's how: Of the $145 billion Greek bailout passed early this month, $40 billion will come from the International Monetary Fund. And guess where the IMF receives a big chunk of its money? You, again. Economist Stephen Moore writes, "Last year, the Obama administration muscled through a new authorization of $100 billion in funding for the IMF." So first, the Obama administration pushed to fund the IMF; then, it pushed to bail out Greece using IMF funding. Welcome to Obamanomics.

It would appear that no one in Congress has ever read the Constitution or perhaps they just don't care, after all it's only money.


Anonymous said...

This is not the first time Greece has received US financial aid.

The Marshall Plan

Anonymous said...

The point is that whether it is the first time or not, there is no constitutional basis for doing so. Should we have funded the French revolution because it was the nice thing to do?

The worse part of this, however, is that in spite of their oath of office, no elected official knows the constitution. This means they have a credible defense when called to task. Several of the Pelosi persuasion assert that the Constitution does allow such things; sadly, we may not sue these people for lying in public. After all, they are politicians.

We used to believe igonorance of the law is no defense in a criminal trial. If anyone is a criminal, it is our elected officials --and I mean this without exception.

Semper Fi

Sue said...

Proud to call Mike Pence my Representative. Wasn't too proud a few years ago when he and Kay Bailey Hutchinson tried to get amnesty passed...I told him so, too! LOL

Ticker said...

Yep, Anon, the beginning of disastrous Foreign Aid. For the most part countries get the $$ and spit in our faces or stab us in the back.

Mustang, so very correct, unfortunately. I would require that each individual who took the seat in the legislature had to pass a test on the Constitution. Unfortunately the criminal defense still stands as we are witnessing daily.

Sue , Kay Bailey is up to the same old tricks on amnesty once again. It's time to tell her to pack her bags. I will be telling our Gov. Perry the same thing at election time since he has failed to take the reins on border control and actually is in favor of amnesty.

I passed through Pences' area many times when I was in West Lafayette. He seems like a pretty straight individual from his actions in Congress.

Brenda Bowers said...

Mustang someone knew that and said so before you: "It could probably be shown by facts and figures that there is no distinctly native American criminal class except Congress. ..." Samuel Clemens

I have used this quote often this last 20 years or so. BB