By Peter Schroeder - 11/19/10 07:43 PM EST
"All across America, people are suffering from bailout fatigue," the vice chair of the House Republican Conference said. "At a time when America is already borrowing 40 cents of every dollar it spends, does it make sense for us to borrow more money (much of it from China) to help bailout Europe?... A ‘Euro-TARP’ is the wrong approach, and America should have no part in it.”
Irish officials have begun negotiations with financial officials from the European Union, European Central Bank and the International Monetary Fund on ways to shore up its hard-hit banks.
The U.S. is the largest contributor to the IMF, which has already committed $382 billion in fiscal relief efforts for Greece and the European Union.
McMorris Rodgers announced in March that she was publicly opposed to any U.S. role in a European bailout and called on the Obama administration to oppose a Greek bailout by the IMF.