The last Bush budget included the TARP act which authorized $ 984 billion to save the economy.
When the Demorats took over the Congress when obama was elected, they did not pass a new budget, just renewed the current one. That has happened each year now even with the RINO’s in charge. obama has gotten that extra $984 billion to spend EVERY YEAR! Just the operating defecit has gone from 8 trillion to 18 trillion.
The measley 7 billion you are worried about pales in light of what we owe.
We must stop the spending, especially on programs that private industry should be handling.
China, Japan and Italy struck deals with Boeing to buy the 787 IF Boeing allowed them to make parts for the plane. Boeing agreed. That is why jobs went overseas, not the financing structure of the deals.
I sat next to a GE jet engine engineer on a trip to France recently. GE has been building engines there for many years. The worlds’ aircraft are not the sole product of one country anymore.
Again, the bank makes money. We’re not spending anything on it. Yeah $7 billion is a drop in the bucket to what we owe and to what we are spending. But that’s $7 billion less that we will be earning, and we’re still spending. Killing the bank is moving in the wrong direction.
And the bank can’t just stop operations. They still have to collect the loans that have been issued. They just can’t issue any more loans. So maybe a few loan officers don’t report in any more, but everyone else still works. It will just be less profit sent to the treasury. And that profit will dwindle down.