"This $1 billion for Ukraine is a rip-off for the America taxpayer, but it is also a bad deal for Ukrainians. Not a single needy Ukrainian will see a penny of this money, as it will be used to bail out international banks who hold Ukrainian government debt. According to the terms of the International Monetary Fund (IMF)-designed plan for Ukraine, life is about to get much more difficult for average Ukrainians. The government will freeze some wage increases, significantly raise taxes, and increase energy prices by a considerable margin.Lovely.
But the bankers will get paid and the IMF will get control over the Ukrainian economy."
Monday, March 31, 2014
Tax and Spend
Aid to Ukraine bad for Americans and Ukrainians.
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