TARP costs lowering?
If you came here looking for a post on Pearl Harbor, that’s the beauty of this site passing its first anniversary – we already did on post on Pearl Harbor last year, so you can either find it easily using the search box in the upper right hand corner of this page, or simply go directly to the post here.
Another hot topic last December was TARP. One year later, it’s still in the news, but this time around, it won’t necessarily be costing Americans money. Thanks to a rebounding stock market (some might say too quickly), several large banks (Bank of America, etc.) are prepared to repay some of the borrowed funds quicker than expected. That could translate to a reduced cost to the government of almost $200 billion according to some experts. That’ll buy a lot of Zhu Zhu Pets.
Of course, in politics, one solution always leads to another debate. This time around it’s about what to do with the surplus repayment – pay down the ever increasing budget deficit ($1.4 trillion and counting) or pump the money back into job creation and other attempts at economic growth? That’s a dinner topic worth talking about!
Read on:
WSJ.com – Estimated TARP Cost Is Cut by $200 Billion
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Do you really think our spend first government would ever pay down debt rather than find some other way to spend a couple of dollars