Time running out to stop U.S. $24 billion bailout of Europe

June 4, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement urging the House Financial Services Committee to move HR 2313 to the floor of the House for an immediate vote:

“It is not up to U.S. taxpayers to prop up a failed currency like the Euro, nor was the International Monetary Fund ever intended to be used to bail out economies as large as Europe’s. House Financial Services Committee Chairman Rep. Spencer Bachus is running out of time to send HR 2313 to the floor of the House, which would roll back $108 billion of additional commitments the U.S. made to the IMF in 2009.

“Already, U.S. lending to the fund has topped $32.7 billion, with bailouts in Europe accounting for most of that at over $24 billion. If the House does not wish U.S. taxpayers to be on the hook for propping up Greece, Portugal, Spain and the rest of the Eurozone, now is the time to withdraw what remains of the Pelosi-Reid-Obama European bailout fund.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.