• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Venango County Tea Party Patriots

A non-partisan, non-profit, non-member, association dedicated to educating the public and promoting the principles of fiscal responsibility, constitutionally limited government and free market economics, and all other lawful activities.

  • Home
  • Events
  • Alerts
  • Resources
    • Resources – National
    • Resources – Pennsylvania
    • Resources – Venango County
    • Election Voter Registration Resources for Churches
    • Voter Resources
    • Resources – Other Organizations
  • Voter Registration Tools
  • Get Email Alerts
  • Contact Us

Jane Richey / March 19, 2012

And Who Pays for All of This??

The Export-Import Bank (Ex-Im) was first created in 1943, this obscure government agency backs the purchase of American-made goods oversees with loans backed by the full faith and credit of the United States.  The bank’s renewable charter first expired in September of last year, but Congressional leaders have quietly resuscitated it through temporary patches in spending measures.  This week the US Senate will likely debate raising the Ex-Im lending ceiling by $40 billion for a period of four years.

In spite of its steep budget, its effect on the export of American goods has proven negligible.  And as with all government subsidies, the necessary condition of market distortion has taken its toll: While these federal loans have seen prices of U.S.-made goods drop for a handful of foreign buyers, it’s seen increases for domestic purchasers and with it, job losses.

Among watchdog groups, it’s known as the Fannie Mae for exporters.  Others still recognize it as the Boeing slush fund.

Read more.

Share this:

  • Telegram
  • Facebook
  • Twitter
  • LinkedIn
  • Pocket
  • WhatsApp
  • Print
  • Email

Filed Under: Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets Tagged With: American-made goods, Export-Import Bank, lending ceiling, overseas

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Recent Posts

  • So, what’s VCTPP doing to bring Election Integrity back?
  • April 23, 2022 – VCTPP Monthly Meeting
  • VCTPP Meeting – July 22, 2021

Archives

Footer

Contact Us

Venango County Tea Party Patriots
155 Summit Drive
Franklin, PA 16323

Phone
814-671-7110

Email
jane@vctpp.org

Frequently Searched Terms

Agenda 21 Barack Obama Ben Bernanke budget climate change Congress Congressional Budget Office debt deficit Department of Energy Department of Health and Human Services economy environment Environmental Protection Agency EPA Federal Reserve fiscal cliff food stamps fracking gas prices global warming Government Accountability Office Governor Corbett green energy Internal Revenue Service IRS Keystone Pipeline marcellus shale Medicaid Medicare natural gas Obamacare President Obama recession regulations sequestration small businesses Social Security spending cuts stimulus taxes TEA Party unemployment United Nations voter ID

Facebook has been “fact-checking,” blocking and removing conservative posts. Follow us on Telegram.org for unedited access.

Click Here

Follow Us

Follow Us

Copyright © 2022 Venango County Tea Party Patriots · Web Design by OptimusMedia.com · Log in