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.

1 comment:

Dstarr said...

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.