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Another trillion in debt - thanks Dems!
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To
29/01/2009 09:55:57
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Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01377976
Message ID:
01378108
Views:
10
The Obama administration has been saying any more bailouts will come with conditions and reporting requirements. The first $700 billion went out with basically no strings attached. In most cases the recipients have socked the money away rather than lending it, which was the whole idea -- to get money flowing again so the economy could pick up.

>I've been wondering why the money just dumped into
>the system when the banks are still not providing credit.
>As I understand it, credit for loans is a big issue. So, why isn't the
>government forcing the banks to provide credit? Then the
>banks would be allowed, with proof, to recoup the money
>they loaned from the government?
>
>Canada has also set a few billion aside to fight the ressession.
>
>
>>http://www.foxnews.com/politics/2009/01/28/special-groups-line-piece-stimulus/
>>
>>They'll spend us out of debt, right?
>>
>>Lots of new jobs to revitalize the economy in..
>>
>>"$400 million for global warming research; $335 million for the Centers for Disease Control to combat sexually-transmitted diseases; and $650 million coupons to subsidize TV viewers for digital television conversion"
>>
>>I bet they can add another trillion to the deficit (which is a good thing, right?) before the end of February.
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