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To: FromTheSidelines
Funny, the CBO already stated a 1.2Trillion plus deficit before Obama took control. Bush deficit plus TARP equals more than a Trillion, unless that's not true?
33 posted on 07/30/2011 6:26:22 PM PDT by Palter (Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)
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To: Palter
FY2009 Appropriations Bill was passed by the Pelosi-led House, Reid-led Senate, and signed into law by President Obama. FY2009 is 100% the Democrats.

TARP authorized up to $770 billion; by the time President Bush left office just $290 billion had been committed, and ultimately the final cost - after most was paid back - was around $25 billion. The CBO score was a 'worst case' - and remember, the CBO is the same group that said Obamacare would save trillions of dollars from the deficit!

TARP was a bad bill because it allowed dying companies to live - companies that SHOULD have died and made way for new, more efficient companies and healthier competitors. It was an attack on the free market process, not really a big addition to the deficit in the long run (about $25 billion added to the debt overall).

37 posted on 07/30/2011 6:41:59 PM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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