What Should Be Done With The Extra Money?

  • Written by Daniel 1 Comment
    Last Updated July 12, 2009

    The government has some money left over from the $700 billion bank bailout. There is something like $259 billion in the fund plus another $70 billion that has been repaid by the banks. So now the debate remains: what should be done with the “extra” money?

    Tax cheat Tim Geithner wants to keep money in the program to provide “headroom” for “additional flexibility to Treasury in its efforts to stabilize the economy and build the foundation for long-term economic growth.” Politicians, like Barney Frank, are just itching to get their hands on the money to be used for entitlement program. Slobbering Barney, for example, wants to use the dividends earned through interest owed by banks to go toward affordable housing programs (read: welfare).

    But the answer here should be really simple, folks. Give the money back to the taxpayers. This is not the government’s money. It is not money that was willingly donated to Timothy Geithner’s piggy bank. This is money that has been seized by the government from you, the taxpayers. How hard is this?


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