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“$700 billion TARP + $900 billion “stimulus” + $1.5 trillion treasury bank bailout + $600 billion current budget deficit fiscal 2009 (Oct - Feb) = $3.7 trillion dollars in the hole! And we haven’t even finished budget fiscal 2009 which should add another $600 billion.

In just 1 year, $4.3 trillion in the hole, not including interest, under a Democratic controlled Congress and Obama.”

Ok, now I actually have a read on your ignorance. You hear government backed, government sponsored, government loaned and Federal Reserve loan and guarantees and think automatically that they are taxpayer expenditures that are one way. And because that is false and because you believe that, you are ignorant of all of those components.

The 700 billion TARP includes loans, purchases of equity and direct investments. This means that some of the money, if not most will find it’s way back to the treasury. Ever heard of the Savings and Loan crisis where we did the same thing and much of it was repaid?

The 1.5 trillion wasn’t a treasury bailout, it was more like 2.2 trillion and it was from the Federal Reserve. That doesn’t come from the treasury and thus it isn’t a taxpayer expenditure. And don’t give me any inflation crap because we are stuck at the zero lower bound and there’s no where else to go. Monetary policy is official dead and the only power the fed has left is to raise interest rates in the event of inflation which would = recovery. Thus fiscal policy from the government is all that is left.

The $600 billion deficit is an inherited buildup over the last 8 years and thus has half to do with Bush since he signed every single piece of spending legislation, 3/4 to do with Republican Congress since they originated and passed 6 of those years and 1/4 to do with Dem Congress since they originated and passed those bills.

So now we are left with a roughly $800 billion dollar stimulus which actually IS taxpayer funded, one way spending amidst the worst financial crunch since the 1930s and in my opnion isn’t enough to get the job done. As mentioned above, monetary policy by the Fed is dead once you hit the zero lower bound so fiscal policy is all that is left.

Now that you have been informed a little bit, please verify the above information and stop acting like you have an inkling of where these monies originate and how they are spent and repaid. Your understanding of government finances is a joke.