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.
