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Occupy Philadelphia costs city $400,000 in police surveillance

Thrilla said:
well, that would be a poor investment... 'the city of Philadelphia is rather powerless to do anything about the items you listed.


however, you can certainly count on it being an investment into cutting city services.
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Of course I meant the cost to the taxpayers.

The city has no money because of 30 years of "starve the beast".
 
What if...? said:
Of course I meant the cost to the taxpayers.

The city has no money because of 30 years of "starve the beast".
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You must live in Philadelphia....

I mean... to know what they have been doing with their local budget for 30 years.....
\
 
Hare said:
Very few of the folks at "Occupy Anywhere" care about fiscal responsibility or a more transparent government, if some of that 700 billion had ended up in their pocket they wouldn't give a ****.
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If some had wound up in their pocket the income and wealth divide would not be as wide now would it?
 
Khayembii Communique said:
Maybe if they didn't waste money on riot cops and tear gas they wouldn't have budget problems.
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No, then they would just have damaged property and buildings to repair.

Not to mention overtime for all the firefighters and their supplies as they put out all the fires started by the "peaceful" protesters.
 
Caine said:
No, then they would just have damaged property and buildings to repair.

Not to mention overtime for all the firefighters and their supplies as they put out all the fires started by the "peaceful" protesters.
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Meh that is a private sector responsibility. Their buildings their responsibility:mrgreen:
 
winston53660 said:
Meh that is a private sector responsibility. Their buildings their responsibility:mrgreen:
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Umm... they are protesting out at the City Hall building among others........................................
 
Caine said:
Umm... they are protesting out at the City Hall building among others........................................
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Who needs a city hall in the first. it would be better if it were privatized! :mrgreen:

/sarcasm
 
What if...? said:
Of course I meant the cost to the taxpayers.

The city has no money because of 30 years of "starve the beast".
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The taxpayers have already been paid back the TARP money, but they will never be paid back the millions of dollars the Occupy movements are costing them.
 
toomuchtime_ said:
The taxpayers have already been paid back the TARP money, but they will never be paid back the millions of dollars the Occupy movements are costing them.
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Only about half of TARP has been paid back and estimates are after all is said and TARP will cost about 50 billion.
 
Exacerbation of the problem one is protesting about. Sounds like a terrific notion to follow. It's easy to cause mayhem and destruction. It's another thing to leave a lasting positive legacy. So far, I see nothing of the latter.
 
toomuchtime_ said:
The taxpayers have already been paid back the TARP money, but they will never be paid back the millions of dollars the Occupy movements are costing them.
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that's a bit of a misnomer.... as taxpayers weren't paid back one red cent.

the government was paid back some of the TARP money, not the taxpayers.
 
toomuchtime_ said:
Nope.


The bank bailout -- part of the Troubled Asset Relief Program -- is now $6 billion in the black, a profit that might ultimately rise to $20 billion, according to the Treasury.

Bank bailout turns a profit - Mar. 30, 2011
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You might want to check the treasury site. On the daily report for all of TARP 413.24 was disbursed and cash back so far is 316.30

Daily TARP Update

And here is the three year report

TARP Three Year Anniversary Report

In passing the Emergency Economic Stabilization Act (EESA) in 2008, Congress originally authorized $700 billion for TARP. That authority was reduced to $475 billion by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) becoming law in July 2010. Of the $413 billion disbursed to date, the government, as of August 31, 2011, has already received back a total of $314 billion, representing more than 76 percent of all TARP investments.
 
What if...? said:
Your article says that TARP will ultimately cost taxpayers $19 billion.
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The CBO estimates it will ultimately cost taxpayers $19 billion, but the Treasury, which keeps the books on the program, claims it has already shown a profit of $6 billion.
 
toomuchtime_ said:
The CBO estimates it will ultimately cost taxpayers $19 billion, but the Treasury, which keeps the books on the program, claims it has already shown a profit of $6 billion.
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That is just the banking part.
 
winston53660 said:
You might want to check the treasury site. On the daily report for all of TARP 413.24 was disbursed and cash back so far is 316.30

Daily TARP Update

And here is the three year report

TARP Three Year Anniversary Report

In passing the Emergency Economic Stabilization Act (EESA) in 2008, Congress originally authorized $700 billion for TARP. That authority was reduced to $475 billion by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) becoming law in July 2010. Of the $413 billion disbursed to date, the government, as of August 31, 2011, has already received back a total of $314 billion, representing more than 76 percent of all TARP investments.
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I'm guessing the Treasury is counting the value of stock and warrants it still holds.
 
winston53660 said:
That is just the banking part.
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You're right. The CBO estimate is counting losses from auto industry bailout and from the mortgage modification program, but the Wall Street (banks) bailout has turned a profit for taxpayers.
 
winston53660 said:
It is all there at links I posted.

It is really kinda neat.
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Bottom line, the bank bailout did not turn out to be a disaster, yet the protesters at the Occupy movements still act as if it were.
 
toomuchtime_ said:
Bottom line, the bank bailout did not turn out to be a disaster, yet the protesters at the Occupy movements still act as if it were.
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I think you are missing the OWSers point. They feel as though the bailout benefited the wealthiest disproportionately. And that these people were the very same ones whom brought the nation's and the world's financial system to the brink of collapse.
 
Funny how there were no complaints over the cost of the many Tea Party protests a few years ago.....
 
PeteEU said:
Funny how there were no complaints over the cost of the many Tea Party protests a few years ago.....
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What were the costs?
 
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