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Despite LaGarde's efforts to show more transparency with Congress and the American public, McMorris Rodgers still advocates rescinding funding as being in the best interest of U.S. taxpayers. Fiscal discipline is key.

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McMorris Rodgers stands by bill to revoke U.S. funding for IMF

Despite LaGarde’s efforts to show more transparency with Congress and the American public, McMorris Rodgers still advocates rescinding funding as being in the best interest of U.S. taxpayers. Fiscal discipline is key.

Although the managing director of the International Monetary Fund publicly praised her and spoke of the Fund’s own responsibility to show efficiency in its financial dealings, Rep. Cathy McMorris Rodgers (R-Wash.) insisted she would stand by her legislation to rescind the $100 billion Congress voted to give the IMF in 2009.

“Director [Christine] LaGarde has taken the IMF in a better direction, and I appreciate her efforts to make the IMF more open and transparent to Congress and the American public,” said McMorris Rodgers, who met with the IMF chief in December to discuss problems lawmakers had with the financial titan.

But, the vice chairman of the House Republican Conference told Human Events, “I will continue to advocate for my bill because it’s not only in the best interest of American taxpayers, but it will help motivate our European allies to make the tough decisions to get their fiscal house in order.”

“There cannot be a true global economic recovery until spending and borrowing come down in Europe, America, and throughout the world. The IMF can best serve its members by helping them achieve fiscal discipline. The U.S. Congress can play a role too.”

McMorris Rodgers’s remarks came hours after LaGarde told Human Events that “no country has ever lost money on the IMF” and that it is important that “the leading economic power in the world has to have a leadership role” in the Fund during the current times of economic turmoil. Speaking to us at the regular IMF/World Bank meeting in Washington, LaGarde also agreed that “I don’t think the excellent, productive meeting I have had with Cathy McMorris Rodgers, who understands the issues very well, is sufficient to withdraw her proposed bill.”

Officially H.R. 2313, McMorris-Rodgers’s legislation so far has 93 co-sponsors in the U.S. House of Representatives.

McMorris Rodgers also said she looks forward “to continuing to work with Director LaGarde on how we can make the IMF and the Congress more effective in bolstering the global economy.”

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Written By

John Gizzi has come to be known as â??the man who knows everyone in Washingtonâ? and, indeed, many of those who hold elected positions and in party leadership roles throughout the United States. With his daily access to the White House as a correspondent, Mr. Gizzi offers readers the inside scoop on whatâ??s going on in the nationâ??s capital. He is the author of a number of popular Human Events features, such as â??Gizzi on Politicsâ? and spotlights of key political races around the country. Gizzi also is the host of â??Gizziâ??s America,â? video interviews that appear on HumanEvents.com. Gizzi got his start at Human Events in 1979 after graduating from Fairfield University in Connecticut and then working for the Travis County (Tex.) Tax Assessor. He has appeared on hundreds of radio and TV shows, including Fox News Channel, C-SPAN, America's Voice,The Jim Bohannon Show, Fox 5, WUSA 9, America's Radio News Network and is also a frequent contributor to the BBC -- and has appeared on France24 TV and German Radio. He is a past president of the Georgetown Kiwanis Club, past member of the St. Matthew's Cathedral's Parish Council, and secretary of the West End Friends of the Library. He is a recipient of the William A. Rusher Award for Journalistic Excellence and was named Journalist of the Year by the Conservative Political Action Conference in 2002. John Gizzi is also a credentialed correspondent at the World Bank and the International Monetary Fund. He has questioned two IMF managing directors, Dominique Strauss-Kahn and Christine LaGarde, and has become friends with international correspondents worldwide. Johnâ??s email is JGizzi@EaglePub.Com

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