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an effort to create searchable online databases for government expenditures
a tool to highlight the hypocrisy of tax hikers
Constitutional or statutory requirement to rein in growth of revenues end expenditures
a commitment made by elected officials and candidates for elected office never to raise taxes
Raising the bar for tax increases
Requiring a cool-off period for all bills with a fiscal impact
pork-barrel spending - the broken windows of the budget
Geithner Says He'll Extend TARP
Wednesday, December 9, 2009 11:51 AM
Treasury Secretary Tim Geithner, after having hinted at plans to do so in a hearing before a Senate committee, announced today in a letter to Speaker of the House Nancy Pelosi that the Obama administration will extend the Troubled Asset Relief Program through Oct. 3, 2010.
Especially given that TARP has morphed into a revolving slush fund already, and in light of the President's new plans to use repaid TARP funds to pay for parts of yet another largely ill-conceived "stimulus" package under a different name, doing so is a bad idea.
The program should have been phased out at the end of the year, according to the original bill authorizing the program, and CFA and ATR have been supporting efforts to have Congress rescind the administration's authority to extend TARP.
Reader Comments:
Hmm...wasn't it just yesterday that Obama was saying we would "wind down" TARP? In his world, winding down probably does mean extend for ten more months...
Fred / Baltimore
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