WATCH: Cruz Explains In Under Two Minutes Why Ukraine Aid And IMF Changes Shouldn't Be In Same Bill

Heritage - The Foundry ^ | March 14, 2014 at 12:05 pm | Katrina Trinko

[SoConPubbie]

SEE YOUTUBE RECORDING OF Sen. Cruz's SPEECH HERE

In a speech on the Senate floor last night, Sen. Ted Cruz lambasted legislation that tied aid to Ukraine with changes to how much the United States gives to the International Monetary Fund.

“These IMF provisions, if passed into law, would dramatically expand the financial exposure of the United States of America, effectively doubling our contribution, expanding our exposure,” said the Texas Republican.

“We should not be opening up the U.S. taxpayers to billions in additional financial liability without a debate on the merits,” Cruz added. “It shouldn’t be just tied to Ukranian aid and forced through the Senate. That’s the wrong approach.”

He also said the “so-called reforms … would diminish U.S. influence on the IMF, would reduce our abilities to control the decisions of the IMF” and “would expand Russia’s influence and control over the IMF.”

Heritage Foundation’s Terry Miller explained the history of the IMF changes earlier this week:

Believing that the U.S. wielded too much power at the IMF, in 2010 several developing countries initiated negotiations to restructure the organization. These nations demanded a reduction in the U.S. quota and voting power, as well as an election to select the U.S. representative to the IMF board. Unfortunately, the Obama Administration acquiesced to each of these demands.

“This agreement was a bad deal in 2010—a fact implicitly acknowledged by the Administration’s three-year delay in submitting it to Congress,” Miller wrote. “Now, in 2014, it’s still a bad deal.”

[SoConPubbie]

"If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures." - Alexander Hamilton "We don't intend to turn the Republican Party over to the traitors in the battle just ended. We will have no more of those candidates who are pledged to the same goals as our opposition and who seek our support. Turning the Party over to the so-called moderates wouldn’t make any sense at all." -- President Ronald Reagan "A thing moderately good is not so good as it ought to be. Moderation in temper is always a virtue; but moderation in principle is always a vice." - Thomas Paine 1792 "It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." - Samuel Adams "If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or your arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that you were our countrymen." - Samuel Adams

[SoConPubbie]

Ted Cruz Ping!

If you want on/off this ping list, please let me know.

Please beware, this is a high-volume ping list!

[House Atreides]

I’m loving Ted Cruz more and more. Here he’s attempting to circumvent the DemocRATS and the GOPe (McConnell, Lindsey Graham, Boehner, etc.) from turning over more of America’s sovereign decision making to the International Monetary Fund.

Ted making the good fight on many fronts. We need to send him reinforcement from the 2014 election and discard some of the traitors (e.g., Little Lindsey Graham) currently in the Congress.

[andyk]

Here’s a thought. How about we just not be a part of the IMF?

[onyx]

B T T T ! ! ! ©

[luvie]

How about we just not be a part of the IMF?

Best idea I've heard today!

[Sergio]

bkmk

[PoloSec]

How any right thinking person could think this man should not be our next President, is a liberal without normal reason and common sense. IMO!

Not sorry if that hurts the feelings of some, there is no one else nor will there be between now and 2016!