Really? We’re sending another $1,000,000,000 to Europe? Well, that’s what professor Beck is claiming.
“Now we find out through the Fed that we are going to do almost another trillion dollars, your tax dollars, over to Europe,” Beck claimed while discussing efforts by the International Monetary Fund to stabilize European economies on his FOX PAC program this week.
Unfortunately, as we’ve discovered before, Professor Beck doesn’t know what he’s talking about. He’s just making it up as he goes along.
The Wall Street Journal Reported, in its 1 Dec 10 edition the exact opposite of what the Beckster said.
“The U.S. isn’t discussing a larger International Monetary Fund contribution to the European rescue package, a U.S. official said Wednesday.
“U.S. Undersecretary of Treasury Lael Brainard is now in Germany discussing the Europe’s plans to contain the euro zone’s sovereign debt woes. A U.S. official said those talks don’t now include a larger IMF contribution.”
Additionally the Associated Press reported on the December 1, 2010, “A U.S. official, who would speak only on condition of anonymity because discussions were still ongoing, said that an addition to the IMF support package was not something that was being discussed currently.
“Treasury Secretary Timothy Geithner did dispatch Treasury Undersecretary Lael Brainard, Treasury’s top official on international matters, for talks with European officials. Brainard had meetings in Madrid with economic officials on Wednesday and was scheduled to be in Berlin on Thursday and Paris on Friday.
“The U.S. ‘can’t afford to let Europe implode,’ said David Gilmore of Foreign Exchange Analytics. But the reported statement by the U.S. official does not necessarily mean that the U.S. has already agreed to a deal allowing the IMF to contribute more money or that it will pony up more money for Europe itself.
“A spokesman for the EU’s monetary affairs chief Olli Rehn said he had not heard of talks about extending the EFSF fund.”
Listen please, “… had not heard of talks about extending the EFSF fund.” There are no talks, the U.S. is not sending any additional funds to Europe. Beck is a liar, or he’s delusional, or he’s both.
(Thanks to Media Matters for the information)
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