Monday, January 30, 2012
Friday, January 27, 2012
Thursday, January 26, 2012
<p>No one hears much about TARP anymore, but a recent report shows a gloomy picture for the next 5 years. The US can spend up to another $51 billion on various programs. Taxpayers are still owed over $130 billion and own over 70% of AIG and 30% of GM. </p>
Who knows how long it will take to pay back all those funds and get things back to normal, but in my opinion, the economy has not shown any signs that you can spend your way out of a depression.