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News Link • Economy - Economics USA

Tea Party Clueless About U.S. Tax Dollars Funding Bailout Heist

• PrisonPlanet.com

As CNBC hosts Joe Kerne and Rick Santelli pointed out yesterday, the Tea Party movement seems largely clueless about the fact that a huge chunk of the $1 trillion dollar bailout heist being pushed through to save the face of global economic governance is being funded with dollars looted from American taxpayers.

Founded on the principle of keeping taxes low for the benefit of the economy, the Tea Party movement has seemingly ignored the biggest and most insidious stealth tax – inflation – which as Ron Paul highlighted yesterday, will only soar as a result of this latest bailout.

“Could you really tell the American taxpayer, you can connect the dots between them and Greece? I mean are they paying for some lavish benefits in Greece right now?” asked CNBC’s Kerne.

“Well there’s no connect-the-dots,” Santelli replied. “I mean it is a fact. We contribute a little less than 18 percent to the IMF. And the IMF is pretty much using its entire piggy bank, of course to pledge up to €250 billion, no matter how you slice it, Joe. Eighteen percent of that money, or more, because you know, if they go much beyond this, they’re going to have to replenish the coffers.”

And we know that “replenishing the coffers” means not only raising taxes on Americans but also inventing new ones out of thin air, which will then go straight to the IMF to bankroll the next phase of global governance. It’s not good enough for these people to impose inherently undemocratic centralized systems of economic planning that only they control which then result in lowering your living standards – you have to pay for the whole thing to begin with.

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