Bailout, Part II

by Sal on January 16, 2009

in Economy,Politics

The remaining 350 billion of the $700 billion tarp bailout was released to the Treasury Thursday to do with as it sees fit.  A no-confidence vote was taken in the Senate, and it was defeated 52-42.  It needed passage in both houses to kill the rest of the bill, so any house vote is meaningless.

Add the $750 billion to the Democrat’s proposed $800 billion (and climbing) stimulus package, and you have an additional 1.6 trillion in federal expenditures this year alone, before even adding the normal bloated budget.  And to top it all off, next year’s budget will use this year’s budget with the TARP and stimulus package as the new baseline.

And our Republican Leaders are spineless.

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