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Reply #19: It indicates a reality that is out of touch... [View All]

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-19-09 11:55 AM
Response to Reply #17
19. It indicates a reality that is out of touch...
with the rest of America, in my opinion.
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  -President wants to use left over TARP to pay off national debt AllentownJake  Nov-19-09 10:32 AM   #0 
  - What a wasteful idea!  kentuck   Nov-19-09 10:35 AM   #1 
  - maybe i am missing something here  ProdigalJunkMail   Nov-19-09 10:37 AM   #2 
  - Just like GM "paying back" borrowed money with borrowed money--it's a hokey PR stunt. nt  Romulox   Nov-19-09 10:39 AM   #4 
  - indeed ...  ProdigalJunkMail   Nov-19-09 10:40 AM   #7 
  - +1  Moondog   Nov-19-09 12:18 PM   #23 
  - Wrong, completely wrong  anigbrowl   Nov-19-09 01:58 PM   #39 
     - Yes it did. Federal regulations required the Treasury to issue new deb when TARP was signed.  Statistical   Nov-19-09 02:09 PM   #43 
     - we seem to be talking at cross purposes here  anigbrowl   Nov-19-09 03:40 PM   #49 
     - You're simply flat out incorrect on this point. nt  Romulox   Nov-19-09 02:14 PM   #44 
  - It is a political move  AllentownJake   Nov-19-09 10:40 AM   #5 
  - I think that was a terrible slip by the Admin, alas  Dreamer Tatum   Nov-19-09 11:24 AM   #14 
  - You misunderstand how this works  anigbrowl   Nov-19-09 01:55 PM   #36 
  - That's not really paying anything down--it's borrowing money to pay a different creditor  Romulox   Nov-19-09 10:38 AM   #3 
  - No it isn't. It's returning money to the original creditor.  anigbrowl   Nov-19-09 02:00 PM   #40 
     - WRONG. Federal T-bonds are non-callable.  Statistical   Nov-19-09 02:17 PM   #45 
     - Your question doesn't even make any sense...  Romulox   Nov-19-09 02:37 PM   #46 
        - You're the one who suggested it was borrowin from one creditor to pay another  anigbrowl   Nov-19-09 03:33 PM   #48 
           - When TARP passed.  Statistical   Nov-19-09 08:01 PM   #51 
  - What a stupid idea , yeah , if this flies then are we to believe that the fed can ...  UndertheOcean   Nov-19-09 10:40 AM   #6 
  - That last sentence says a lot...  shraby   Nov-19-09 10:50 AM   #8 
  - It is probably an intentional leak  AllentownJake   Nov-19-09 11:23 AM   #13 
  - Sounds good to me...n/t  orwell   Nov-19-09 11:02 AM   #9 
  - Reall the TARP money was borrowed so we will borrow to pay down borrowed money.  Statistical   Nov-19-09 11:09 AM   #10 
  - we will not be paying down anything  marketcrazy1   Nov-19-09 11:13 AM   #11 
  - Not true.  Statistical   Nov-19-09 11:22 AM   #12 
     - it`s all circular  marketcrazy1   Nov-19-09 11:52 AM   #18 
        - US Treausry bills are not callable by either the holder or the US govt.  Statistical   Nov-19-09 12:14 PM   #21 
           - thanks for that  marketcrazy1   Nov-19-09 12:34 PM   #27 
  - The administration is taking the debt talking points seriously  AllentownJake   Nov-19-09 11:28 AM   #16 
  - That has to be the dumbest idea they've had yet.  TexasObserver   Nov-19-09 11:26 AM   #15 
  - I can think of a few stupider things  AllentownJake   Nov-19-09 11:38 AM   #17 
     - It indicates a reality that is out of touch...  kentuck   Nov-19-09 11:55 AM   #19 
  - This makes sense to me.  rucky   Nov-19-09 12:00 PM   #20 
  - That is a decent argument  AllentownJake   Nov-19-09 12:15 PM   #22 
  - Congress already controls the purse string though.  Statistical   Nov-19-09 12:23 PM   #26 
  - Give them an excuse to spend another 200 billion  AllentownJake   Nov-19-09 12:49 PM   #29 
  - Yes - we were better off during the Golden Age of GWB and the vibrant GOP economy  jpak   Nov-20-09 09:55 AM   #56 
  - It would only make sense if we had a balanced budget and surplus projected for next couple years.  Statistical   Nov-19-09 12:18 PM   #24 
  - I agree.  kentuck   Nov-19-09 12:20 PM   #25 
  - Frightening that he feels the need to hide money  JonQ   Nov-19-09 01:47 PM   #35 
  - how can you use borrowed money to pay off the debt?  yurbud   Nov-19-09 12:35 PM   #28 
  - So we borrow money to pay off our debt  JonQ   Nov-19-09 12:52 PM   #30 
  - Many, many, many countries have done that in past.  Statistical   Nov-19-09 01:06 PM   #32 
     - It would be devastating for economy  JonQ   Nov-19-09 01:46 PM   #34 
        - Oh agreed it would instantly throw us into the third world.  Statistical   Nov-19-09 02:08 PM   #42 
  - Peter meet Paul. Or, "How to Juggle Credit Cards Made Easy."  Tierra_y_Libertad   Nov-19-09 12:57 PM   #31 
  - ## PLEASE DONATE TO DEMOCRATIC UNDERGROUND! ##  DU GrovelBot   Nov-19-09 01:06 PM   #33 
  - Ask the Federal Reserve, I hear they have an extra $200bn coming to them :-)  anigbrowl   Nov-19-09 02:06 PM   #41 
  - I vote for infrastructure overhaul and paying off individual's mortgage debt.  Wapsie B   Nov-19-09 01:55 PM   #37 
  - Unbelievably stupid!  kentuck   Nov-19-09 01:57 PM   #38 
  - WTF?! Why the hell doesn't Obama do something directly FOR the people with that money?!  earth mom   Nov-19-09 03:18 PM   #47 
  - Reducing the national debt means that less of your tax dollars go to interest payments  anigbrowl   Nov-19-09 03:49 PM   #50 
     - Clinton balanced the budget WHICH lead to a surplus and allowed the debt to be paid down.  Statistical   Nov-19-09 08:09 PM   #52 
     - You mean the CHUMP CHANGE that some taxpayers now have to PAY BACK?  earth mom   Nov-20-09 11:00 PM   #58 
  - That shows a lack of understanding of just what the USD is.  L0oniX   Nov-19-09 08:12 PM   #53 
  - Meanwhile, there's another trainwreck coming  chill_wind   Nov-20-09 08:46 AM   #54 
  - Yes. Be good little Democrats and pay down the debt...  kentuck   Nov-20-09 09:46 AM   #55 
  - This is insane.....  Cyrano69   Nov-20-09 10:03 AM   #57 

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