Pence: American Taxpayers Should not be responsible for bailing out Europe

Pence American Taxpayers Should not be responsible for bailing out Europe

“Our country is weary of borrowing and spending and bailouts from Washington, D.C. so the American people deserve to know we are bailing out Greece and future Americans may be picking up the tab for as much as $50 billion in additional loan guarantees for the rest of Europe in the form of a bailout.



“Here's how it works. The European Union's members and the IMF recently pledged $145 billion in the Greek bailout. Forty billion dollars of that came from the International Monetary Fund. Since the United States pays 17 percent, we are the largest contributor to the IMF. American taxpayers are on the hook for $6.8 billion in loan guarantees from the IMF and it may just be a down payment.."

Pence American Taxpayers