Why Not Just Skip the Middle Man and Let China Do It?

Obama Wants American Taxpayers to Bail Out Greek Politicians and Dig the Debt Hole even Deeper

Here’s some completely depressing news. CNBC is reporting that President Obama is putting American taxpayers on the chopping block to bail out Greece’s corrupt politicians. But, to show he doesn’t discriminate, he also encouraged the German Chancellor to rape her nation’s taxpayers for the same purpose.

President Barack Obama on Tuesday…pledged U.S. support to help tackle the country’s debt crisis. …After a meeting with German Chancellor Angela Merkel, he stressed the importance of German “leadership” on the issue – a hint that he expects Berlin to help – while expressing sympathy for the political difficulties European Union countries face in helping a struggling member state.

The story doesn’t have much detail, but it appears that Obama is willing to brutalize American taxpayers directly (which is what he means by “on a bilateral basis”) and indirectly (i.e., the reference to “international and financial institutions like the IMF”).

…”we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.”

At this point, any new money spent by the United States government over and above our current "budget (to use the word loosely) has to be borrowed.  All the money raised from the country has been long spent.  Much of that borrowing is Red China buying our securities.  Wouldn't it just be simpler if the Chinese loaned the money to the Greeks directly?