Even if your 17% figure is right, the US taxpayers should be FURIOUS!
THIS BAILOUT OF ITALY & SPAIN will cost US taxpayers $136 BILLION (17% of $800 billion)
The Super Committee failed to cut our deficit by 1.2 Trillion over 10 years.
(That would equal $120 Billion in cuts over one year)
The US Taxpayer will be bailing out SPAIN & ITALY by MORE than the amount the Super Committee was seeking in cuts!
(The US taxpayer's share of the latest Greece bailout was $54 Billion. These two Euro bailouts will total $190 Billion, or 1.6 times the amount the Super Committee was trying to CUT.)
I would bet our share is even higher, but we can't tell. We NEED to AUDIT the FED!
FYI - I do not have any ping list. I 'cc'ed people from this thread, and other threads who might be interested... ( IMF and SUPER COMMITTEE threads )