Cantor Steps Up IMF Warnings

Posted June 9, 2009 at 1:11pm

House Minority Whip Eric Cantor (R-Va.) on Tuesday continued to wage a campaign against the inclusion of $108 billion for the International Monetary Fund in the fiscal 2010 supplemental bill, claiming that the funds “without question— will go to state sponsors of terror.

“I write today, because under an IMF proposal endorsed by the administration on April 25th, resources will, without question, go to these countries,— Cantor said in a letter to Speaker Nancy Pelosi (D-Calif.), House Majority Leader Steny Hoyer (D-Md.) and Financial Services Chairman Barney Frank (D-Mass.).

Cantor says that the IMF plan endorsed by the administration would send billions to an array of rogue states, including up to $3.2 billion to Venezuela, $350 million to Syria, $202 million to Sudan, $1.8 billion to Iran, $204 million to Bolivia, $308 million to Myanmar and $421 million to Zimbabwe.

“I respectfully request that you join me in requesting that the Administration withdraw their support for the IMF proposal,— the letter states.

Cantor also calls on Democratic leaders to consider any IMF policies under regular order so that Members “have an opportunity to make whatever changes are necessary to ensure that resources are not provided to state sponsors of terrorism and other rogue states.—