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Thread: Obama administration looks to use TARP for deficit reduction

  1. #11
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    Re: How ignorant do you think we are?

    Quote Originally Posted by Reverend_Hellh0und View Post



    shell game.
    NOW REV!!

    You know perfectly well libs think that .gov actually HAS money!

  2. #12
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    Re: How ignorant do you think we are?

    Quote Originally Posted by Charles Martel View Post
    The Obama administration may begin using leftover bailout funds to pay off the deficit!



    Obama administration looks to use TARP for deficit reduction - The Hill's Blog Briefing Room

    He thinks we're idiots!
    He also told us he created a lot of jobs, but didn't. All the bailouts and stimulus was to help out all their rich buddies, not us. Their concern was Wallstreet and the banks. Once those guys get back and running, it's over; no more concern.

    And considering that we keep buying this crap. That one party is going to good for us, that politicians will be held to the People and not the aristocracy, kinda points to us being that damned stupid.

    The only thing Obama has provided was a good name for my master/slave laser set up for trapping 87 Rb. I call them Hope and Change. Hope is the slave laser cause you hope to hell it follows the master and puts out enough power at the proper frequency. Change is the master since it has a grating feedback system which you can dither to change the output frequency. Hahah. Fits in well with the rest of my lasers. I have Gitmo for my main 85Rb trap laser (though sadly this one just died, the replacement I think we're calling "undisclosed location"), Homeland Security for the 85Rb repump, IDF for the 87 repump (cause originally that laser was used during my reabsorption measurements, and its purpose was to heat the atoms in a particular hyperfine state, thus ejecting them from the trap. So we called it IDF because it clears out states) and Office of Information Awareness is our probe laser.

    Is that enough to get me on some form of list?
    Last edited by Ikari; 11-13-09 at 12:22 PM.
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    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  3. #13
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    Re: How ignorant do you think we are?

    Quote Originally Posted by liblady View Post
    okay, wait a minute. why is this bad?
    I'm wondering the same thing...

    If the remaining funds that were set aside for TARP (or TARP2) are no longer necessary for that purpose, it just makes sense to shift the excess over to programs where it can be put to better use. I mean, what's the point of just letting it sit there un-utilized? I'd think fiscal Conservatives would applaud this effort instead of calling it a "shell game".

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    Re: How ignorant do you think we are?

    Quote Originally Posted by Objective Voice View Post
    I'm wondering the same thing...

    If the remaining funds that were set aside for TARP (or TARP2) are no longer necessary for that purpose, it just makes sense to shift the excess over to programs where it can be put to better use. I mean, what's the point of just letting it sit there un-utilized? I'd think fiscal Conservatives would applaud this effort instead of calling it a "shell game".
    Problem is, Obama will then claim that he reduced the National debt, along with all of the jobs he saved/created. Can't you see the ?

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    Re: How ignorant do you think we are?

    Quote Originally Posted by Objective Voice View Post
    I'm wondering the same thing...

    If the remaining funds that were set aside for TARP (or TARP2) are no longer necessary for that purpose, it just makes sense to shift the excess over to programs where it can be put to better use. I mean, what's the point of just letting it sit there un-utilized? I'd think fiscal Conservatives would applaud this effort instead of calling it a "shell game".
    Let me see we could call it a Ponzi Scheme...

    Or we can call it robbing Peter to pay Paul...

    Or we can call it.. I'du'now a socialist attack of our financial system...

    The term circle-*erk comes to mind...

    But WHATEVER you want to call it it makes NO sense to use borrowed money to pay down a deficit... unless your deficit IS common sense!

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    Re: How ignorant do you think we are?

    Quote Originally Posted by liblady View Post
    okay, wait a minute. why is this bad?
    Because when you pay your Visa with your Mastercard, you're incurring more interest charges.

    If the TARP money hasn't been spent, don't spend it and keep the deficit from growing, for free.

  7. #17
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    Re: How ignorant do you think we are?

    Quote Originally Posted by Crunch View Post
    Problem is, Obama will then claim that he reduced the National debt, along with all of the jobs he saved/created. Can't you see the ?
    what i see is fiscal responsibility.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  8. #18
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    Re: How ignorant do you think we are?

    Quote Originally Posted by ConservaBill View Post
    Let me see we could call it a Ponzi Scheme...

    Or we can call it robbing Peter to pay Paul...

    Or we can call it.. I'du'now a socialist attack of our financial system...

    The term circle-*erk comes to mind...

    But WHATEVER you want to call it it makes NO sense to use borrowed money to pay down a deficit... unless your deficit IS common sense!
    um......what exactly should obama do with excess funds?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  9. #19
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    Re: How ignorant do you think we are?

    Quote Originally Posted by Scarecrow Akhbar View Post
    Because when you pay your Visa with your Mastercard, you're incurring more interest charges.

    If the TARP money hasn't been spent, don't spend it and keep the deficit from growing, for free.
    i'm sorry, could you please explain what exactly should be done?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  10. #20
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    Re: How ignorant do you think we are?

    Quote Originally Posted by Crunch View Post
    Problem is, Obama will then claim that he reduced the National debt, along with all of the jobs he saved/created. Can't you see the ?
    However way you wish to call it...

    I just think it's two-faced to say he's ringing up the deficit, but when he finally does find a way to draw it down even by using "borrowed money" (ie., taxpayer dollars), the right still finds a way to critisize him.

    I mean, here it is he's trying to do the fiscally responsible thing and he still gets flack over it. Unreal...

    Here's the flipside to this issue:

    1) If he does nothing with the excess TARP funds, he's blamed for sitting on funds the government really didn't need or utilized inappropriately.

    2) If he repays the people via some form of stimulas plan (i.e., your check is in the mail), then he's blamed for doing as GW Bush did - giving too small an amount back to the people in order to spur economic growth.

    Once again, he can't win for losing.
    Last edited by Objective Voice; 11-13-09 at 04:26 PM.

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