May 19, 2011
The sex scandal involving the head of the International Monetary Fund offers all of us – Congress included – an opportunity to look into how the IMF is hurting American taxpayers by taking our money and bailing out European banks.
That’s a point made by commentator Pat Buchanan. On MSNBC, Buchannan called Dominique Strauss-Kahn “the Charlie Sheen of global finance.” In addition to being “dead as a presidential candidate” in tolerant France, Buchanan said the IMF “through the back door has been putting the American taxpayers on the hook to bail out Greece and Ireland and those European countries which are in fact bailouts of those European banks.” He said Congressman and presidential candidate Ron Paul “is right on top of this.”
Why are we funding the world and their bad decisions when we have so many financial problems of our own? Whatever else you may think of Ron Paul, he ought not to be alone in raising these questions about the IMF.
Cal Thomas is a nationally syndicated columnist based in Washington, D.C.