us default looms larger

Just heard on ABC newsradio that a third day of US talks on avoiding default on $14 TRILLION of US debt have failed.

However, this is the news, according to the BBC: "The International Monetary Fund (IMF) has asked Italy to ensure "decisive implementation" of spending cuts to reduce the country's debt. Its comments come as concerns continue that Italy may be the next country to be affected by the debt crisis in the eurozone. The Italian government is now moving ahead with plans for an austerity budget."

Let me get this right. The big news is the massive US default only two weeks away. But the US-run IMF, and the US ratings agencies, are throwing as much mud as possible as Europe.

No wonder Christ hated hypocrites.