Uh… This Makes No Sense?
I am really hoping someone can explain this to me? So first please put down any drinks, sharp objects or the family cat…
So lets just start with the Wall Street Journal’s headline.
White House Aims to Cut Deficit With TARP Cash
Now that you have that interesting logic behind you, lets dig in just a bit more. As I am sure there is some logic here…
The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal responsibility: the $700 billion financial rescue.
The administration wants to keep some of the unspent funds available for emergencies, but is considering setting aside a chunk for debt reduction, according to people familiar with the matter. It is also expected to lower the projected long-term cost of the program — the amount it expects to lose — to as little as $200 billion from $341 billion estimated in August.
Please let there be some form of quantum math that will show that this makes sense…
The move could buy the Treasury Department time before it hits the so-called debt ceiling, which limits the amount of money the U.S. can borrow. Already, some members of Congress have said they won’t approve an increase in the $12.1 trillion debt cap unless efforts to reduce the deficit are included.
OK… Yeah this makes all the sense in the world now! We will put the debt on another credit card and show that “we reduced the debt” and “show our fiscal responsibility”! Yep, that’s the ethics we have come to expect from Washington…
I guess, NOT spending the money would make too much sense… But in other news and I am sure it will make perfect logic… Obama to Hold Jobs Summit in December.
Hope, change, lies, deceit, blah, blah, blah… Anybody know the immigration policy of Belize?
