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US to bail out the EU

Old 12-01-10, 02:08 PM
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US to bail out the EU

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.
http://www.cnbc.com/id/40454469

aren't we broke?
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Old 12-01-10, 02:11 PM
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Re: US to bail out the EU

So what? We'll just ask for a bailout.
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Old 12-01-10, 02:15 PM
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Re: US to bail out the EU

Is this all just a shell game or something?
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Old 12-01-10, 02:16 PM
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Re: US to bail out the EU

Broke nations don't spend $700 billion on defense. Or roughly $2 billion per day.
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Old 12-01-10, 02:30 PM
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Re: US to bail out the EU

Originally Posted by CRM114 View Post
Broke nations don't spend $700 billion on defense. Or roughly $2 billion per day.
Or at least not for long.

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Old 12-01-10, 02:52 PM
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Re: US to bail out the EU

What the US official said doesn't mean what some think it does.
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Old 12-01-10, 03:04 PM
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Re: US to bail out the EU

All that says is that the US supports using the IMF to back the EU "emergency fund".
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Old 12-01-10, 03:05 PM
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Re: US to bail out the EU

Originally Posted by Pharoh View Post
What the US official said doesn't mean what some think it does.
Yeah, I'm trying to think of a better thread title.

'US agrees to commit IMF funds to Euro zone economic security' is about as sexy as a tree stump.
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Old 12-01-10, 03:07 PM
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Re: US to bail out the EU

How about "Obama using taxes to bail out socialist democracies in Europe" ??
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Old 12-01-10, 03:09 PM
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Re: US to bail out the EU

Originally Posted by CRM114 View Post
How about "Obama using taxes to bail out socialist democracies in Europe" ??
I'm leaning towards:

"Obama using 63-year-old veteran Robert A. Hall's tax money to bail out socialist democracies in Europe"
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Old 12-01-10, 05:37 PM
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Re: US to bail out the EU

Originally Posted by wendersfan View Post
Yeah, I'm trying to think of a better thread title.

'US agrees to commit IMF funds to Euro zone economic security' is about as sexy as a tree stump.
"Posters to DVD website largely ignorant of complex political and economic issues"?
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Old 12-01-10, 05:49 PM
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Re: US to bail out the EU

That website sounds like it would be hilarious to read!

Oh, wait...
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Old 12-01-10, 05:58 PM
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Re: US to bail out the EU

Originally Posted by wendersfan View Post
Yeah, I'm trying to think of a better thread title.

'US agrees to commit IMF funds to Euro zone economic security' is about as sexy as a tree stump.
Drill a hole in the right spot and put a skirt on it and sexy it up.
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Old 12-01-10, 05:59 PM
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Re: US to bail out the EU

The U.S. bailed out Europe in Atlas Shrugged.

Or at least it would have, if Ragnar DanneskjŲld hadn't seized the funds and given them back to the taxpayers.
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Old 12-01-10, 06:01 PM
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Re: US to bail out the EU

We bailed out those bastards back in WWII too.
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Old 12-01-10, 06:01 PM
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Re: US to bail out the EU

Drudge Report says "US TO BAILOUT EU" so that should be good enough for DVD Talk.
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Old 12-01-10, 06:18 PM
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Re: US to bail out the EU

Once again, more evidence why big Government sucks and Congress is full of idiotic politicians. How can the United States bail out the European Union (or anyone else for that matter) if the United States can't even bail out itself? The United States is already in serious debt to begin with, so the United States has no business whatsosever and is in absolutely no position to bail out other nations in its current condition. The result would be a deeper, deeper deficit. What I don't understand is why the US Government places more emphasis on international/foreign affairs rather than its own domestic affairs. I guess that explains why the United States is in the economic shape it's in today. Stop interfering outside the box and start fixing things inside the box, for that is what takes priority.
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Old 12-01-10, 07:15 PM
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Re: US to bail out the EU

Originally Posted by starman9000 View Post
We bailed out those bastards back in WWII too.
But they saved our ass in WWIII!
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Old 12-03-10, 01:48 PM
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Re: US to bail out the EU

http://danieljmitchell.wordpress.com...ate-tax-rates/

Donít Blame Irelandís Mess on Low Corporate Tax Rates

November 18, 2010 by Dan Mitchell

Ireland is in deep fiscal trouble and the Germans and the French apparently want the politicians in Dublin to increase the nationís 12.5 percent corporate tax rate as the price for being bailed out. This is almost certainly the cause of considerable smugness and joy in Europeís high-tax nations, many of which have been very resentful of Ireland for enjoying so much prosperity in recent decades in part because of a low corporate tax burden.

But is there any reason to think Irelandís competitive corporate tax regime is responsible for the nationís economic crisis? The answer, not surprisingly, is no. Hereís a chart from one of Irelandís top economists, looking at taxes and spending for past 27 years. You can see that revenues grew rapidly, especially beginning in the 1990s as the lower tax rates were implemented. The problem is that politicians spent every penny of this revenue windfall.

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Old 12-03-10, 01:54 PM
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Re: US to bail out the EU

and when bush was president how many people were saying that the EU was going to be on top?
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