Wednesday, May 25, 2011

GOP Bill Proposes Ban on Spending U.S. Dollars on EU Bailouts


A new warning from a ratings group today warns that if Greece's financial situation deteriorates, the global economy will suffer as well. The news has rattled Rep. Cathy McMorris Rodgers (R-WA), who's proposing a bill to prevent more U.S. dollars to be spent on bailouts of European Union countries. She spoke to Neil about the plan and told that "we have to change the borrow, spend, bailout policies."

1 comment:

Josh H said...

Cut Foreign Bailouts? Sounds like a GREAT idea to me! Why the hell are we BORROWING money from CHINA...to BAILOUT EUROPE?!?!?! We cant even manage our OWN money, why the hell are we helping other countries?!?!?!