Obama Wants to Even Spend Re-Paid TARP $

[deacon blues]

As the money comes back in, BO wants to spend that money as it gets repaid by giving it to banks to be loaned out to "stimulate" the economy. Instead of doing something smart like paying it on the national debt, the BO admin wants to spend every penny they can get their hands on and then some.

WE ARE IN SERIOUS DOO-DOO!!!

I heard Senator Gregg say we are 5-7 years away from hitting a "wall" with our economy. What he meant by that he said was just like a family that keeps spending more than they make, at some point lenders say "we will not loan you anymore money". If China and the lender nations decide that they no longer want to fund our debt, the dollar will plummet, inflation will rise, taxes will be raised to levels that prevent businesses and individuals to create jobs and things will continue to spiral downward.

Can't any Obama supporters admit that this line of thinking is pushing us toward the edge of the cliff?

[Monterrey]

Wait till they bring in a new currency like they did here in 84-85.

You will feel better then! LOL

[Praxeas]

Originally Posted by deacon blues

As the money comes back in, BO wants to spend that money as it gets repaid by giving it to banks to be loaned out to "stimulate" the economy. Instead of doing something smart like paying it on the national debt, the BO admin wants to spend every penny they can get their hands on and then some.

WE ARE IN SERIOUS DOO-DOO!!!

I heard Senator Gregg say we are 5-7 years away from hitting a "wall" with our economy. What he meant by that he said was just like a family that keeps spending more than they make, at some point lenders say "we will not loan you anymore money". If China and the lender nations decide that they no longer want to fund our debt, the dollar will plummet, inflation will rise, taxes will be raised to levels that prevent businesses and individuals to create jobs and things will continue to spiral downward.

Can't any Obama supporters admit that this line of thinking is pushing us toward the edge of the cliff?

That's OUR money. Part of the "promise" to theAmerican tax payer was that we would get it back.

As for giving it to banks to make loans...they weren't doing it with the TARP money we gave them before anyways,