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Tuesday, May 11, 2010

How Europe Just Cost You $50,000,000,000.00

The IMF's piece of the EU bailout is allegedly €220 billion, or about $286 billion.

Since the US is "required" to contribute 17% of the IMF's funding, this means you, the taxpayer, have just been hit for $48.6 billion to cover the debts of nations who spend more than they make.

Why didn't we just buy a Greek Islands or two?

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