Who will pay for the Greek bailout? Why US taxpayers of course
Yes, the US will be footing the bill for the Greek bailout. Add that to the list of things we've bailed out. California can't pay it's bills and we are bailing out Greece. What kind of strange world do we live in? Via IBD:
Worse, the bailout of Greece is likely to be handled jointly by the European Union and the International Monetary Fund. And who is the IMF's largest donor? Why, the U.S., of course. So you, the American taxpayer, whether you like it or not, will be helping foot the bill for yet another bailout.
This angers some in Congress. "The EU was created to compete economically with the United States, and if it needs to bailout one of its own, it should do so without bilking the American taxpayer," wrote U.S. Reps. Mike Pence and Cathy McMorris Rodgers in a letter to be sent to U.S. Treasury Secretary Tim Geithner.