Stop Obama's Greek Bailout

Stop Obama's Greek Bailout
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Over the past three years, President Obama has spent billions of dollars bailing out big banks, insurance giants and auto companies. These massive programs have not only cost American taxpayers dearly, but have sent the message that in the future poorly-run companies will be rescued from their failures.

But that’s only the beginning—now Obama wants to bailout failing countries. Using the International Monetary Fund (IMF), Obama plans to put American taxpayers on the hook for a second 145 billion dollar rescue package for Greece.

“Greece has been living beyond its means in recent years, and its rising level of debt has placed a huge strain on the country's economy,” BBC reported before Greece’s first bailout. “The Greek government borrowed heavily and went on something of a spending spree during the past decade. Public spending soared and public sector wages practically doubled during that time.”

Apparently the billions already given to Ireland and Greece last year were not enough. Obama and the IMF want to continue a policy that rewards irresponsible spending and discourages other wasteful European nations from getting their fiscal house in order on their own.

Bailing out Greece will only open the floodgates to more European countries headed for economic collapse including Portugal, Spain, Italy and Belgium.

In America, we have our own debt to worry about. And while fiscally conservative Governors fight to reform state spending, Obama refuses to tackle our ballooning federal spending deficit. His solution for Greece is the same one he has for America: throw more money at the problem.

We are the only nation with the power to veto any major IMF decision. Sign our petition below to tell Washington enough is enough: it’s time to stop Obama’s Greek Bailout.

Read more: Dick Armey & Matt Kibbe: Obama’s big, fat Greek bailout redux

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