US to bail out EU!!!!!!!!!!!!!

[Jeremy]

News Headlines

The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.

WTF!?!?!?!






​

 

[PoliticalChic]

News Headlines

The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.

WTF!?!?!?!






​

This cannot be.


It must be from 'The Onion.'

What would we use,....

How good a shape is the US economy in? Let's check with the Government Accounting Office...

U.S. Government's 2009 Financial Report Shows Significant Fiscal Challenges
Weaknesses evident in financial management as nation confronts long-term fiscal problems & financial regulatory weaknesses

March 8, 2010 (SmartPros) — The U.S. Government Accountability Office (GAO) could not render an opinion on the consolidated financial statements of the federal government (other than the Statement of Social Insurance) because of widespread material internal control weaknesses and other limitations.

“While financial management has improved significantly since the government began preparing consolidated financial statements, for the 13th year in a row now shortcomings in three areas again prevented us from expressing an opinion,” said Gene L. Dodaro, Acting Comptroller General of the United States. “I’m referring to serious financial management problems at the Department of Defense (DOD), the federal government’s inability to adequately account for and reconcile intragovernmental activity and balances between agencies, and the ineffective process the federal government uses to prepare the consolidated financial statements.”

The material weaknesses discussed in GAO’s audit report hinder the government’s ability to (1) reliably report on many of its assets, liabilities, and costs; (2) accurately measure the full cost as well as the financial and non-financial performance of certain programs and activities; (3) adequately safeguard significant assets and properly record various transactions; and (4) have reliable information to operate efficiently and effectively. U.S. GAO - Fiscal Year 2009 Financial Report of the United States Government
U.S. Government's 2009 Financial Report Shows Significant Fiscal Challenges


“In fact, the nation’s fiscal condition has deteriorated dramatically since 2000. The federal budget has gone from surplus to deficit and the nation’s major reported long-term fiscal exposures—a wide range of programs, responsibilities, and activities that either explicitly or implicitly commit the government to future spending—have more than doubled. Current budget processes and measurements do not fully recognize many of these fiscal exposures until payments are made.” http://www.gao.gov/new.items/d08206.pdf

(emphasis mine)


Maybe the US will send old clothes and potatoes, you know, like after the war...

 

[Zoom-boing]

[ame]http://www.youtube.com/watch?v=aG3zylFeRxk[/ame]