Apparently it is a good thing to bailout a foreign government entity.
From NBC News:
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.
"There are a lot of people talking about that. I think the European Commission has talked about that," said the U.S. official, commenting on enlarging the 750 billion euro ($980 billion) EU/IMF European stability fund. "It is up to the Europeans. We will certainly support using the IMF in these circumstances."
How much money are we going to throw off the cliff until we realize the fallacy behind this nonsense? When are we going to get a President that will stand up to the global elite and the federal reserve and demand that the American way of life be protected and the not the actions of the EU, UN, or some other world governing body?