McMorris Rodgers Reacts to Obama Statement Pledging Further US Involvement in Greek Bailout

 

“President’s Blank Check Creates a Moral Hazard that

Makes a Global Debt Crisis More Likely”

After $161 Billion Bailout Last Year,

Talks Continues on a Second Bailout

Spokane, WA – Rep. Cathy McMorris Rodgers (R-WA), Vice Chair of the House Republican Conference, released the following statement today after President Obama concluded a meeting with German Chancellor Angela Merkel by pledging to “cooperate fully… through international financial institutions like the IMF” in the $161 billion bailout of Greece – a bailout which may be repeated in the next few days, bringing the total cost of the Greek bailout to $227 billion.

“The President’s statement was a missed opportunity to protect the American people who don’t want their tax money being money used to bail out European governments.  The President’s support of these bailouts has already cost US taxpayers $100 billion.  By strongly endorsing these bailouts again yesterday, the President continues to create a moral hazard that makes it more likely that larger European nations – particularly, Spain and Italy – will be standing in line for American tax dollars tomorrow.” 

Rep. McMorris Rodgers is the author of a Congressional resolution that would stop U.S. tax dollars from being used by the IMF for bailouts of European countries.  In his statement yesterday, President Obama said failure to participate in these bailouts would be “disastrous.”

On March 24, 2010, Rep. McMorris Rodgers was the first Member of Congress to publicly oppose U.S. involvement in a European bailout. 

A full compilation of her work on this issue can be found here.  

Recent Posts


Jul 11, 2024
Press

McMorris Rodgers Statement on Preliminary Agreement of Columbia River Treaty

Washington, D.C. – Eastern Washington Congresswoman Cathy McMorris Rodgers (WA-05) released the following statement in response to the announcement that an agreement in principle has been reached between the United States and Canada on the Columbia River Treaty.  “I am encouraged to hear that a preliminary agreement has been reached to finally modernize the Columbia […]



Jul 11, 2024
Immigration Reform

Safeguarding Americans’ Right To Vote

Did you know that more than 500 non-citizens are registered to vote in local elections in Washington, D.C.? With more than 5 million illegal immigrants released into the United States under President Biden’s watch, we cannot allow this to become the norm across America. Free and fair elections are the foundation of our democracy, but […]



Jul 10, 2024
Clean Energy

Protecting Americans’ Home Appliances From D.C. Bureaucrats

President Biden’s war on American energy has gotten out of control. With the help of House Democrats and Governor Jay Inslee, this administration has unleashed every burdensome regulation you can think of on home appliances like dishwashers, washing machines, refrigerators, air conditioners, and dryers – just to name a few. As a result, the American […]