Pretty straightforward -- there are about $350BB in unused TARP funds, and most of what went out is back or going to be fairly soon.
Republicans have proposed using it all to bring the deficit down; an amendment to that effect was defeated today, with only two Democrats voting for it.
Sen. Dodd explained that the funds should be used for "stimulus" or other general-fund purposes.
I think that's not only illegal --TARP was not authorized to be a general fund -- but in the face of trillion-and-a-half dollar shortfalls, insane. I also think it makes complaints of "inherited" deficits ring rather hollow.
I've made this yes or no, but of course, any answer can and should be elaborated on.