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Taxpayers Could be on the Hook for $23 Trillion in TARP Funds

July 22, 2009

  The original number that was given to us when President Bush introduced the TARP fund was $700 billion, that in itself was $700 billion too much in the first place and we all knew that that was only the beginning. We all knew that number would grow. And grow it has.

  The latest estimate projects that the taxpayers could be on the hook for a total of $23.7 trillion. Here is what California representative Brian Bilbray had to say:

Your report really demonstrates  that we have entered into a very, very scary territory, a brave new world where Washington decides what happens on Wall Street and Main Street, and hopefully sometime in the future, we can find a way to have an exit strategy

  I would say that it is a scary new world instead of a brave new world. The cost of the disastrous TARP bill continues to rise and once again it is ordinary Americans who will foot the bill.

  I am so disgusted that I just can’t write any more about this tonight.

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6 Comments leave one →
  1. July 22, 2009 11:04 pm

    The guy who did the estimate was on CNN and he made additional points. He is saying the $23.7 trillion figure includes some programs that were proposed but never implemented, some have been discontinued, and some have already been paid back. At the end, he said that the real number is going to be more like $3 trillion.

    Still, that is not chump change.

    Like

    • July 23, 2009 4:53 am

      That certainly would be a hell of a lot better, still $3 trillion too much however.
      It makes you wonder if he used an inflated number so that when he gave the $3 trillion number it would make it sound better.

      Like

  2. July 23, 2009 5:23 pm

    That figure just makes me want to vomit…

    How can our elected officials sleep at night knowing this? (rhetorical question)

    Like

  3. July 24, 2009 2:54 am

    You see, this is why I don’t pay taxes, because eventually, you end up paying someone else to do their dirty laundry FOR them. Which makes you a …..slave. In a sophisticated, modern world, but still, a slave. And the rest of us recalcitrant ones kind of “get into the moment” and out of embarrasment at being seen not doing anything but just standing there, without enthusiam, we go thru the motions at doing something we know to be whacko.
    Paying taxes, just to see them mis-used over and over, is sort of like applying vaseline. You know that you are gonna get fucked. By a stud. There’s no getting out of it, its a-gonna happen. Why the hell should I VOLUNTARILY apply the vaseline to the rigid cock? Let him do it! Oh, nooooo, we just don’t think tha far ahead. He asks, and like a loved-starved concubine who’s been without some punishment, lovingly apply the vaseline, knowing what’s to come next. Nevertheless, we rationalze all kinds of garbage.
    IF YOU DON’T LIKE YOUR TAX MONEY BEING MIS-USED, STOP GIVING IT UP. DUH.
    But whatever you you do, don’t look at me with a hateful look because I protest applying the vaseline. It doesn’t speak well of you, that narrow-minded action.

    Like

  4. Denney permalink
    November 17, 2009 9:54 pm

    Luath Brennan is a cop and is trying to get people to incriminate themselves. He should be considered a disinformation agent. Please disregard his comments.

    Like

  5. November 18, 2009 12:46 am

    Such big words for one who hasn’t decided what gender s/he is. Denise is a multi-personality hermaphrodite. S/he has the hots for Barry Cooper, the ex-cop in Texas who used to put innocent people in prison for the “crime” of smoking pot. Now barry has “reformed” and wants to play the hero part. Denney/Denise is afraid of what Barry might think if barry were to find out what kind of cock-sucking hermaphrodite Denney/Denise really is.
    Denney/Denise, there are procedures that can turn you into a complete woman if you like. That way you won’t have to walk around ashamed of the trashy slut you have become.

    Like

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