As the Greek Debt Crisis continues, President Obama needs to stand firm: American tax dollars should not be used to bail out Greece – or any country – that engages in reckless government spending and deficits. And yet, a bailout paid for by U.S. taxpayers remains a real possibility.
I've never watched the Kudlow Report before, but everything this guy said played right into our congresswoman's position. First of all, much of what they go on about is conjecture. All the "could be's" and "may very well be's" and adding on that "obviously we'll be asked to bail out Spain and Portugal" make it sound like we're already halfway down the abyss.
I especially love how McMorris Rodgers blames Europe's financial situation on "generous social programs" followed immediately by Kudlow's characterization of "that crazy European entitlement state that has completely broken down". As if we're a model for spending our money wisely by invading a country that posed no threat.
Kudlow and McMorris Rodgers admit they don't know what numbers are involved--anywhere from $20 billion to $150 billion to $160 billion--but doesn't stop them from trying to create a controversy using "bail out" and "taxpayer" keywords.
The description of this report, "Discussing the taxpayer revolt against the IMF bailout, with Rep. Cathy McMorris Rodgers" says it all. There is no taxpayer revolt, but she's working on creating one.
There will be more. After all, it is an election year.