Do you agree with the idea of spending TARP money - at this time - to pay down some of the debt?

[Stinky The Clown]

[marybourg]

1. No. nt

[Egalitariat]

2. Huh? Which debt?

[Stinky The Clown]

5. The national debt

[ProdigalJunkMail]

11. how do you pay down debt with debt?

the only thing they can do with TARP funds to reduce the debt is NOT spend it...

sP

[Stinky The Clown]

15. I just report this shit

[ProdigalJunkMail]

21. :-) and you do a fine job of it!

thanks for the laugh. your line is very similar to one i have to use at work quite a lot.

sP

[Thickasabrick]

3. Hell no nt

[Octafish]

4. Sure. As long as all the Wall Street banksters have gotten their bonuses.

And We the People have universal healthcare, good public education, jobs, housing, police and fire and all the rest of what used to be called progress in America.

[HuckleB]

6. Not to pay down the debt.

[unkachuck]

7. NO!

[DJ13]

8. No

If the money was instead spend rebuilding our economy the increased taxes on increased employment and improved incomes would pay the debt down faster, and leave a permanent tax base to continue paying down the debt in the years to come.

[tblue]

9. No. WPA first. Put Americans to work.

To ease the debt, cut the military.

[gratuitous]

10. Who holds the debt?

Let's see, shovel money directly out of the Treasury to our good friends the Chinese and the Saudis, rather than spend it in country on luxuries like roads, schools, bridges and the like. Yeah, sounds like the kind of bright idea that could only come out of the minds of the Nitwit Wing of the Grand Old Party.

[exboyfil]

20. Actually U.S. citizens including

me hold a lot of that debt (mine in my IRA). I hold a claim on benefits being held in trust in instruments of that debt (the Social Security Trust Fund) as well.

[FreakinDJ]

12. Obama's idea of using TARP funds for infustructure and small business

would yeild a larger return

[csziggy]

13. +100

[ProSense]

14. Senator Feingold likes the idea

which is really puzzling:

Statement of U.S. Senator Russ Feingold on President Obama's Jobs Proposal

Tuesday, December 8, 2009

“I am particularly pleased that President Obama is including a tax credit for businesses to create jobs in his proposal, since it’s something I have urged both the President and Congress to do. While there’s no single way to address the challenges facing businesses, a jobs tax credit would help some firms hire workers they otherwise couldn’t. It would be an effective tool in putting more people back to work. I applaud the president for focusing on putting people back to work, which is a top priority for so many American families.

“I did not support the Wall Street bailout and strongly prefer that we use funds from that program to pay down the deficit. And while I would have preferred the president to have proposed other ways to pay for his jobs package, using bailout money is much better than not paying for that package at all.”

[ecstatic]

16. I don't have a degree in economics... so I don't know nt

[kdmorris]

17. Perhaps I'm confused about money

but... seems to me that the TARP money IS part of the deficit. It was straight up deficit spending. So, using debt to pay down debt doesn't actually make a whole lot of sense to me. In any other circumstance, that's called robbing Peter to pay Paul and is generally frowned upon when you are talking about personal household finances.

In answer to your question though, no, I guess I don't support this.

[Stinky The Clown]

18. Heh ...... you're not one bit confused.

Yup ..... TARP = Big Part of National Debt

[hughee99]

23. Is it a big part of the national debt?

I thought TARP, though it is all debt, was peanuts compared to what we owe in total.

[dgibby]

22. Kinda like paying your mastercard with your visa, isn't it? n/t

[Zywiec]

19. Isn't it free money? Let's spend it. n/t

[doc03]

24. It should all be used to pay down debt! n/t

[Occam Bandage]

25. No. Jobs first. Then debt. nt