ALG in the News: White Mountain Independent

ALG Editor's Note: In the following featured commentary, the White Mountain Independent picks up ALG News' recent piece from last week noting the delay in gathering votes for $108 billion for the International Monetary Fund. Looks like it is still delayed for that matter, making this a timely hit:

$100 billion IMF credit line in trouble

By Robert Romano, ALG News Bureau

On June 4 Democrats found themselves scrambling frantically to find enough votes to enact a controversial $100 billion credit line to the International Monetary Fund and an $8 billion expansion of the United States' IMF holdings. The trouble?

They plan to attach it to a $90 billion war supplemental, as reported by Reuters-thus making it impossible to court Republican support for the legislation. Or, more accurately, they want to attach a $90 billion war supplemental to a $108 billion expansion of the IMF-making it impossible for the most radical representatives of the Democrat caucus to support the internationalist institution.

For Congressional novices, that means they're 18 votes short of a majority, and the votes they have to ask for are from the most ardent opponents of the wars in Iraq and Afghanistan.

In other words, it's in trouble. Big trouble.


There have been no comments made on this article. Why not be the first and add your own comment using the form below.

Leave a comment

Please complete the form below to submit a comment on this article. A valid email address is required to submit a comment though it will not be displayed on the site.

HTML has been disabled but if you wish to add any hyperlinks or text formatting you can use any of the following codes: [B]bold text[/B], [I]italic text[/I], [U]underlined text[/U], [S]strike through text[/S], [URL][/URL], [URL=http//]your text[/URL]