THE UNITED STATES OF AMERICA IS BROKE.
Yup broke. The Government cant spend money and expect everything to be okay. The Bailouts and "Stimulus Plans" were just ways to make a ton of money disappear. AIG, that horrid and despicable corporate hag sent billions of the taxpayers money to Foreign banks!
Let's all take a deep breath... okay now... scream!
While I knew this would happen, the public, and media I might add, ignored this to the fullest extent. No! It can't be true?! Not my corporate capitalist American business! They would never do such a thing. WRONG.
You can see it all right here in this little chart: AIG Foreign Payments
Billions of American taxpayer dollars used to bailout insurance giant AIG are flowing to some of the largest foreign banks in the world, according to new documents released by beleaguered company Sunday.I'll leave you with the Commander In Chief's words: Drudge Report
The revelation seemed sure to cause political complications for President Barack Obama and his economic team, already on the defensive Sunday over why they couldn’t stop AIG from doling out $165 million in bonuses to some of its top corporate officials — even as the company was receiving a massive infusion of taxpayer funds.
In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."
C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.
SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?
OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.