This blog posts about aviation, automobiles, electronics, programming, politics and such other subjects as catch my interest. The blog is based in northern New Hampshire, USA
Monday, February 1, 2010
Lets save some money
There are multi billions of dollars left in the $750 billion TARP bailout fund. We ought to apply all that money to deficit reduction. There is maybe $500 billion unspent in the $787 billion Porkulus appropriation. Since a. Porkulus didn't work, or b. Porkulus spending got GNP growth up to boom time 5.7%, (take your pick), lets cancel the rest of the Porkulus spending to reduce the deficit. If we did these two things, we could cut this year's budget deficit down from $1.8 trillion to a "mere" $1 trillion. Put $500 billion of unspent Porkulus together with $300 billion left in TARP and that's a significant bite out of this year's horrifying deficit.
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Dick Morris on Fox just said we could reduce the deficit by $1 trillion by using the left over/paid back TARP money and the $500 billion unspent Porkulus money.
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