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Congressman John Campbell

Lending to European Countries?

Appropriately, there is a lot of focus in Congress these days on Obamacare and the NSA, IRS and Benghazi scandals. But, the failings of this president and his administration are not limited to just those issues. The committees on which I sit have no jurisdiction over any of the aforementioned areas. However, that doesn’t mean we’re not doing anything. It’s just that the work we are doing doesn’t often make the news, except maybe business news like Bloomberg or CNBC.

Yesterday, we had Treasury Secretary Jack Lew testify on international monetary issues before the Financial Services Committee. He is required to do this annually. If you click HERE, you’ll find a short video of the opening statement I gave at the beginning of this hearing.

You will see that although you are not hearing anything about it, the Obama Administration wants to send $63 billion of your money to the International Monetary Fund (IMF) in order to fund potential bail-outs of first-world (largely European) countries that have spent their way into major debt problems. I am not so sure this is a good idea…as you will see.

I just wanted to let you know that there are still many fights going on out there in addition to all the ones you know about.

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