Author Topic: TARP has potential to hit $23.7 trillion  (Read 3199 times)

0 Members and 1 Guest are viewing this topic.

Offline CrAz3D

  • Hero Member
  • *****
  • Posts: 10186
    • View Profile
TARP has potential to hit $23.7 trillion
« on: July 20, 2009, 05:21:12 PM »
http://abcnews.go.com/Business/Politics/story?id=8127005&page=1

I'm pretty much at a loss for words.  We've obliged $24 trillion dollars?  I just...uhm, yeah....wow.  WTF are we going to do with that kind of money being spent?  How could that ever be paid off?  We're sooooooooo screwed.  This is probably the beginning of the end.

Offline Newby

  • x86
  • Hero Member
  • *****
  • Posts: 10880
  • Thrash!
    • View Profile
Re: TARP has potential to hit $23.7 trillion
« Reply #1 on: July 20, 2009, 05:46:00 PM »
Of all the things my dad has said, something to the extent of "Obama has loaned or obligated $12 trillion since his start in office" has been his favorite thing to say.

But hey, apparently spending fixes debt. The logic is obviously there!!

Quote
"The potential financial commitment the American taxpayers could be responsible for is of a size and scope that isn't even imaginable"

Essentially, taxes+++++++++++++++.

Quote
"This administration promised an 'unprecedented level' of accountability and oversight, but as this report reveals, they are falling far short of that promise," Issa said. "In fact, the Treasury Department is actively obstructing transparency. The American people deserve to know how their tax dollars are being spent -- especially considering they are the ones who are footing the bill."

I lol'd. Is it even possible to account for all the trillions he's spent anymore?
« Last Edit: July 20, 2009, 05:48:55 PM by Newby »
- Newby
http://www.x86labs.org

Quote
[17:32:45] * xar sets mode: -oooooooooo algorithm ban chris cipher newby stdio TehUser tnarongi|away vursed warz
[17:32:54] * xar sets mode: +o newby
[17:32:58] <xar> new rule
[17:33:02] <xar> me and newby rule all

I'd bet that you're currently bloated like a water ballon on a hot summer's day.

That analogy doesn't even make sense.  Why would a water balloon be especially bloated on a hot summer's day? For your sake, I hope there wasn't too much logic testing on your LSAT. 

Offline Warrior

  • supreme mac daddy of trolls
  • Hero Member
  • *****
  • Posts: 7507
  • One for a Dime two for a Quarter!
    • View Profile
Re: TARP has potential to hit $23.7 trillion
« Reply #2 on: July 21, 2009, 02:56:57 AM »
Of all the things my dad has said, something to the extent of "Obama has loaned or obligated $12 trillion since his start in office" has been his favorite thing to say.

Bullshit.

From the article:

Quote
It includes estimates of the maximum cost of programs that have already been canceled or that never got under way.

It also assumes that every home mortgage backed by Fannie Mae or Freddie Mac goes into default, and all the homes turn out to be worthless. It assumes that every bank in America fails, with not a single asset worth even a penny. And it assumes that all of the assets held by money market mutual funds, including Treasury bills, turn out to be worthless.

It would also require the Treasury itself to default on securities purchased by the Federal Reserve system.

But hey, apparently spending fixes debt. The logic is obviously there!!

How about instead of wasting your time trying to discredit time tested, historically vindicated, and cost effective economic measures, you actually research the FUD you spew.

Consider this myth busted, now go find another Obama smear so I can knock it down as well.
One must ask oneself: "do I will trolling to become a universal law?" And then when one realizes "yes, I do will it to be such," one feels completely justified.
-- from Groundwork for the Metaphysics of Trolling

Offline deadly7

  • 42
  • x86
  • Hero Member
  • *****
  • Posts: 6496
    • View Profile
Re: TARP has potential to hit $23.7 trillion
« Reply #3 on: July 21, 2009, 10:35:06 AM »
Bullshit.
I C WUT U DID THERE, POSTIN' LINKS TO ARTICLES WHAT CAN'T BE ACCESSED AND SHIT.
[17:42:21.609] <Ergot> Kutsuju you're girlfrieds pussy must be a 403 error for you
 [17:42:25.585] <Ergot> FORBIDDEN

on IRC playing T&T++
<iago> He is unarmed
<Hitmen> he has no arms?!

on AIM with a drunk mythix:
(00:50:05) Mythix: Deadly
(00:50:11) Mythix: I'm going to fuck that red dot out of your head.
(00:50:15) Mythix: with my nine

Offline CrAz3D

  • Hero Member
  • *****
  • Posts: 10186
    • View Profile
Re: TARP has potential to hit $23.7 trillion
« Reply #4 on: July 21, 2009, 12:11:29 PM »
Did anyone say it was for sure?  No.  POTENTIAL.  Do we need to buy you a dictionary for your birthday?

Offline MyndFyre

  • Boticulator Extraordinaire
  • x86
  • Hero Member
  • *****
  • Posts: 4550
  • The wait is over.
    • View Profile
    • JinxBot :: the evolution in boticulation
Re: TARP has potential to hit $23.7 trillion
« Reply #5 on: July 21, 2009, 12:16:57 PM »
Did anyone say it was for sure?  No.  POTENTIAL.  Do we need to buy you a dictionary for your birthday?
*whiny voice* DIDN'T you see that he said the MYTH WAS BUSTED????
I have a programming folder, and I have nothing of value there

Running with Code has a new home!

Our species really annoys me.

Offline iago

  • Leader
  • Administrator
  • Hero Member
  • *****
  • Posts: 17928
  • Fnord.
    • View Profile
    • SkullSecurity
Re: TARP has potential to hit $23.7 trillion
« Reply #6 on: July 21, 2009, 02:36:02 PM »
Bullshit.
I C WUT U DID THERE, POSTIN' LINKS TO ARTICLES WHAT CAN'T BE ACCESSED AND SHIT.
Signing up for NYTimes is free. Better yet, install the BugMeNot addon for your browser. Then you can just right click and "log me in!"

Offline Blaze

  • x86
  • Hero Member
  • *****
  • Posts: 7129
  • Canadian
    • View Profile
    • Maide
Re: TARP has potential to hit $23.7 trillion
« Reply #7 on: July 22, 2009, 03:51:53 AM »
Better yet, I didn't have to log in at all.  ???
And like a fool I believed myself, and thought I was somebody else...