Political Quotes

Edward Livingston: “I may ultimately support the IMF. But the question is, which comes first, the chicken or the egg? The fact is world…”

On the recordSeptember 17, 1998
I may ultimately support the IMF. But the question is, which comes first, the chicken or the egg? The fact is world instability was not created because this last tranche of U.S. participation in the IMF has been withheld this last year. And as the gentleman well knows, the day we reported this bill in full committee, the Los Angeles Times had a front page article about Anatoly Chubais, former economic guru of Russia, who said, we conned the IMF and the United States out of $20 billion. He used the words, we conned, we managed to scam them to give us the money so that we could sustain our failing system. It is not the IMF's fault that Russia system is failing. I think we, as stewards of the American taxpayers' money, owe it to them not to allow anybody to con us and throw our money down a rat hole.
Said by
Edward Livingston
Louisiana
Source
govinfo.gov

Editor's note · Context

Discussing U.S. participation in the IMF and concerns about financial aid to Russia.

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