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Obama administration looks to use TARP for deficit reduction

Charles Martel

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The Obama administration may begin using leftover bailout funds to pay off the deficit!

"We're reorienting TARP towards assistance for responsible families and lending for small businesses," Orszag said. "And the question that arises as part of that is whether, while maintaining flexibility to deal with future financial crises, one can also free up some resources for debt reduction."

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

He thinks we're idiots!
 
Re: How ignorant do you think we are?

So.....we're going to pay the Visa payment with the Master Card this month?
 
Re: How ignorant do you think we are?

Isn't there a rule against imitating a mod? Here, this should be better:

White House Aims to Cut Deficit With TARP Cash - WSJ.com


There now you can knock it off.


j-mac

If someone broke the law and robbed you, is that what you would want the cops to say to you? Knock if off? j-mac, if you don't want to follow the rules of this message board, L E A V E.

Redress, I hope you reported it as well.
 
Re: How ignorant do you think we are?

If someone broke the law and robbed you, is that what you would want the cops to say to you? Knock if off? j-mac, if you don't want to follow the rules of this message board, L E A V E.

Redress, I hope you reported it as well.


How pathetic! You are really equating committing a crime, to posting a blog instead of the actual article I posted saying the same thing?

how far will you go to stifle dissenting opinion?


j-mac
 
Re: How ignorant do you think we are?

How pathetic! You are really equating committing a crime, to posting a blog instead of the actual article I posted saying the same thing?

how far will you go to stifle dissenting opinion?


j-mac

My point was when someone breaks a rule, you think the offended person should just cut it out, yes? I see you neglected to respond to my question.

I just want to have the rules of this message board enforced. If that is stifling dissension, then guilty as charged. :roll:
 
Re: How ignorant do you think we are?

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?
 
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Re: How ignorant do you think we are?

okay, wait a minute. why is this bad?

I'm wondering the same thing...:confused:

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".
 
Re: How ignorant do you think we are?

I'm wondering the same thing...:confused:

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 :spin: ?
 
Re: How ignorant do you think we are?

I'm wondering the same thing...:confused:

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!
 
Re: How ignorant do you think we are?

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.
 
Re: How ignorant do you think we are?

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 :spin: ?
what i see is fiscal responsibility.
 
Re: How ignorant do you think we are?

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?
 
Re: How ignorant do you think we are?

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?
 
Re: How ignorant do you think we are?

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 :spin: ?

However way you wish to call it...:roll:

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...:doh

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.
 
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Re: How ignorant do you think we are?

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 :spin: ?

This whole thing is hilarious. You have certain people, they throw a fit about Obama spending too much. Then, when some money is left over, instead of spending it on more programs, he spends it on reducing the debt, they complain about that. When called on this, they then say that Obama they complain that it is possible that maybe, someday, Obama will say something about it they don't. Pre-emptive whining is just such a great tactic.
 
Re: How ignorant do you think we are?

This whole thing is hilarious. You have certain people, they throw a fit about Obama spending too much. Then, when some money is left over, instead of spending it on more programs, he spends it on reducing the debt, they complain about that. When called on this, they then say that Obama they complain that it is possible that maybe, someday, Obama will say something about it they don't. Pre-emptive whining is just such a great tactic.


Do you understand the concept of robbing Peter, to pay Paul?

This is like taking out a loan, then holding onto the money to pay the note every months.
 
Re: How ignorant do you think we are?

That makes sense, because this is the Breaking News - Blog forum.

It was moved after that post...
 
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