President Obama has formally requested the money for a $100 billion U.S. loan to the International Monetary Fund, following up on an international commitment to triple IMF resources for struggling nations.
The request, though, could prove politically tricky as Republicans keyed in on spending are raising questions about why such a hefty amount of money is being stuck in the war funding bill before Congress this week.
"Forcing taxpayers to borrow another $100 billion from China to bail out foreign countries makes no (sense) when we're already facing record debt and millions of Americans are losing their jobs here at home," an aide to Sen. Jim DeMint, R-S.C., said in an e-mail. The aide said DeMint would offer an amendment to strip the money. ...
Comment: Hey what the hell, borrow some more from China, print a little bit more on the side, what the hell does it matter we are heading down the toilet anyway.