Well, yah, because Jim Doylie (and his leggie pals) don't bother with such things as "reserves," or "prudence" when writing up their Dream Spending plans, the State is potentially a walking bankruptcy.
But there's hope!!
The United States has asked four oil-rich Gulf states for close to 300 billion dollars to help it curb the global financial meltdown, Kuwait's daily Al-Seyassah reported Thursday.
Quoting "highly informed" sources, the daily said Washington has asked Saudi Arabia for 120 billion dollars, the United Arab Emirates for 70 billion dollars, Qatar for 60 billion dollars and was seeking 40 billion dollars from Kuwait.
Al-Seyassah said Washington sought the amount as "financial aid" to face the fallout of the financial crisis and help prevent its economy from sliding into a painful recession.
Fortunately, there's a lot left over for Doylie.
The four states are estimated to have amassed close to 1.5 trillion dollars in surplus in the past six years
..so $500Bn or so would be pocket change!
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