Dang it!
Wednesday, May 13th, 2009On March 30, I wrote that it looked as if Geithner was going to hang on to repayments of TARP funding in order to continue lending it out until it was gone. http://pr.hbblogs.com/2009/03/30/that-feeling-youre-being-had/.
Today I read that Geithner is finally being completely up front about that reality: http://news.yahoo.com/s/ap/20090513/ap_on_bi_ge/us_bank_rescue
I have to know - will we ever get this money back into the federal coffers? Our federal budget now borrows 46 cents for every dollar it spends, and yet we’re going to continue pissing this money away as if we don’t need it. Doesn’t anyone in DC understand that eventually we have to repay our creditors?