When South AmericanLeaders Default On Their Debts …

Americans Pay the Price.

The default dominoes are falling again in South America — and it’s costingAmericans billions.

A recent report by former U.S. Undersecretary of Commerce andATFA Co-Chairman Robert Shapiro found that Argentine PresidentNéstor Kirchner’s refusal to honor his country’s debts has cost Americanbusinesses and taxpayers more than $10 billion.

Even though Argentina can afford to repay its foreign debts, President Kirchnerchanged the rules and repudiated more than $20 billion in delinquent debt.

That’s bad enough.

Meanwhile, President Kirchner sent a team of default experts to adviseEcuador’s President Rafael Correa on how he can default on his country’sdebts — “Argentine-style.” Who’s left holding the bill? American taxpayersand investors.

Congress: Let Ecuador Know That It Can’t Get AwayWith Argentine-Style Economics.

Stop the South American Swindle.www.atfa.org

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