This guy is another globalist traitor to our country. When does he ever speak about helping those in need, here in the United States? While tens of millions remain unemployed, forty four million are on food stamps, our infrastructure is crumbling beneath our feet, trillions of dollars are being given away to bankers, tens of millions are losing their homes to foreclosures and this globalist asshole wants to give more of our money to the global bankers and their stooge dictators. When will we all say enough is enough?
Geithner says lending cuts could hurt U.S. influence
U.S. Treasury Secretary Timothy Geithner urged lawmakers on Wednesday to approve capital increases for global lending institutions and warned that failure to do so could harm U.S. influence abroad.
"We live in a dangerous world, the world isn't standing still," he told a House of Representatives Appropriations subcommittee where he sought backing for a $1.24 billion budget increase to $3.36 billion for international programs that Treasury oversees.
"Other countries like China are ready to fill any vacuum left by a receding America and we have to take a very careful look when we're going to cut back things like this to make sure we're not undermining our core interests," Geithner said.
Geithner cited specific areas in which the United States might lose clout if it failed to be generous.
"At the World Bank, failure to finance the capital increase would lead to the loss of U.S. power to veto changes to the World Bank's government agreement," he said. "At the Asian Development Bank, if the U.S. does not support this capital increase, we will fall behind countries like China and India."
Read more if you can stand it...
http://www.reuters.com/article/2011/03/09/us-usa-treasury-budget-idUSTRE7285UP20110309?feedType=RSS&feedName=politicsNews&rpc=22&sp=true
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