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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

Posted on 03/14/2014 2:22:31 PM PDT by SoConPubbie


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.”

TOPICS: Constitution/Conservatism; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: cruz; imf; tedcruz; texas; ukraine
"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
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1 posted on 03/14/2014 2:22:31 PM PDT by SoConPubbie
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To: SoConPubbie; exnavy; MarMema; skinkinthegrass; Bikkuri; o2bfree; 12th_Monkey; 230FMJ; TWhiteBear; ..
Ted Cruz Ping!

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

Please beware, this is a high-volume ping list!
2 posted on 03/14/2014 2:23:13 PM PDT by SoConPubbie (Mitt and Obama: They're the same poison, just a different potency)
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To: SoConPubbie

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.

3 posted on 03/14/2014 2:27:52 PM PDT by House Atreides
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To: SoConPubbie

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

4 posted on 03/14/2014 2:40:10 PM PDT by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: SoConPubbie
B T T T ! ! ! ©

5 posted on 03/14/2014 2:46:00 PM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: andyk
How about we just not be a part of the IMF?

Best idea I've heard today!

6 posted on 03/14/2014 2:54:33 PM PDT by LUV W (All my heroes wear camos! Thank you David, Michael, Chris Txradioguy, JJ, CMS, & ALL Vets, too!)
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To: SoConPubbie


7 posted on 03/14/2014 3:08:37 PM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: SoConPubbie

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!

8 posted on 03/14/2014 4:00:32 PM PDT by PoloSec ( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
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