We Are Bailing Out Greece. Our Share Is $7Billion

NY Post: US taxpayers will be helping to foot the bill for the Greek bailout, via the International Monetary Fund. And if the Obama administration doesn’t draw a clear line, Uncle Sam may soon be on the line for even more and larger European “rescues.”

The Greek government, with its high taxes and profligate spending to support large bureaucracies and social programs, is bankrupt. Its bonds have been downgraded to junk status. …

Concerned that the fiscal damage could spread throughout the EU and the world, other European Union members and the IMF have pledged $145 billion to bail out Greece. And since the United States is the largest contributor to the IMF budget, our government will be funneling billions of American tax dollars to Greece.

No one wants to see Greece fail — the economic stability of Europe is important. But US taxpayers have funded bailout after bailout, and our country faces a debt crisis of its own.

Our unemployment rate stands at nearly 10 percent. The public debt now stands at $9.2 trillion. The Congressional Budget Office predicts that America’s debt held by the public will reach 90 percent of gross domestic product within 10 years under President Obama’s budget. Without dramatic spending restraints, America is on a path like the one that led to Greece’s financial catastrophe.                                                                           Is this really the best way for us to spend our money? Is that the job of the federal government? Let the EU bail themselves out. They wont learn their "Progressive" lesson if we bail them out. I'm getting sick and tire of our money going to everyone but we the people that own that money. I know the Democrats have a hard time grasping this but I'll give it a try. Where do you think all this money is coming from? Is it worth all the stupid things they have spent our futures money on? We need to stop bailing out every progressive program,state,country and company they can find. Let them fail. And if they are too big to fail then we better start making them smaller to insure they never get that big again. But that would be using common sense and they don't have that. And when will enough be enough? When Spain comes knocking on our door for the handouts? France? We are watching what happens when you follow the liberal Progressive movement. And Obama nor the Democrats can let that happen in Europe because he is doing the same dumb things as Greece did. Expect to look like Greece soon enough if we keep on this path. California will be the first in the American union to go the way of Greece. Heck Chicago is turning into a war zone thanks to liberal policies. As long as we are helping Greece while Americans still don't have health care the Democrats should be happy. This admin and Congress better start getting their priorities straight and start putting Americans first. We have people without work or income in this country. Tennessee is in a state of emergency and our Gulf coast is covered in oil that could have been prevented had they done something instead of sitting idol and talking tough about holding down BP,the ones doing the job that is beneath Obama's pay grade. But as long as those union workers and Socialist get bailed out I'm sure most Americans wont have a problem with that. Is this what you want the Democrat to do with your tax $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$?