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"we're actually talking about $100 billion in loanable funds that the CBO has scored with a budgetary cost of $5 billion"

Yglesias -- http://yglesias.thinkprogress.... -- The IMF's $5 Billion --

... we're actually talking about $100 billion in loanable funds that the CBO has scored with a budgetary cost of $5 billion. It's not totally clear to me how the CBO reached the conclusion "that the present-value risk-adjusted cost of the proposed increase in U.S. participation in the IMF is $5 billion" given that, as the CBO concedes, no countries has ever defaulted on an IMF loan. ...

by: amberglow @ Tue Jun 16, 2009 at 16:22:43 PM CDT

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