Someone overpays you $200,000,000,000 – do you:
- Give them back their money
- Buy them “something nice” and give that to them instead
- Hang on to the money in case you need it for something later
That’s pretty much the question in front of our leaders in Congress and the White House:
Politico -
Congressional Democrats could be careening toward a head-on collision with the White House over $200 billion in leftover bailout money — money that Republicans think should simply be returned to taxpayers.
AKA give us back our money.
The Treasury Department is pushing for fiscal prudence and wants to use the money to pay down the deficit and keep a small rainy-day fund in case of economic catastrophe.
AKA hang on to the money in case they need the money later.
But Democrats are salivating over the possibility of $200 billion in unspent money.
House Democratic Caucus Chairman John Larson of Connecticut wants dough to fund job-creation legislation. Massachusetts Rep. Barney Frank, the powerful chairman of the House Financial Services Committee, wants to direct $2 billion of repaid Troubled Asset Relief Program funds to loans for unemployed homeowners so they can avoid foreclosure. House Speaker Nancy Pelosi of California admits that “there’s a good bit of interest” in spreading the money around to various economic projects.
AKA buy us “something nice” and give us that instead of our money.
That $200B, part of the huge $700 bank bailout at the end of 2008, was supposed to be repaid to we the people if it wasn’t needed. The fact that there is even a question about whether or not that money should be returned to us proves that these people, especially the Democrats, can not be trusted with our money.
Might want to consider this very clear difference in the way our leaders view our money the next time you decide who you want spending your money … I know I’ll be voting for the guys who want to give me my money back.
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