Members philthygeezer Posted April 13, 2009 Members Share Posted April 13, 2009 One stab in the dark: So far, cash commitments made by various bailout efforts Link to comment Share on other sites More sharing options...
Moderators ThudMaker Posted April 13, 2009 Moderators Share Posted April 13, 2009 ...an analysis by msnbc.com...:lol: Link to comment Share on other sites More sharing options...
Members philthygeezer Posted April 13, 2009 Author Members Share Posted April 13, 2009 :lol: I was thinking the Congressional Budget Office carried a bit more weight. I should have clipped the spurious MSNBC reference. But the net cost to taxpayers will be much lower Link to comment Share on other sites More sharing options...
Members RSBro Posted April 13, 2009 Members Share Posted April 13, 2009 "Just shy of $3T"?? Oh, ok. Well {censored}, just {censored}ing do it then. I mean it's all just free $$$ anyway, right? Link to comment Share on other sites More sharing options...
Members zachoff Posted April 13, 2009 Members Share Posted April 13, 2009 Seems like somewhat good news. Still sucks we're in this predicament though. Link to comment Share on other sites More sharing options...
Moderators Kindness Posted April 13, 2009 Moderators Share Posted April 13, 2009 I mean it's all just free $$$ anyway, right? Well just under three trillion of it is. Link to comment Share on other sites More sharing options...
Members MrJoshua Posted April 13, 2009 Members Share Posted April 13, 2009 "...with the vast majority of that coming in the form of loans and loan guarantees." Um, so where exactly is the loan money coming from, and who's paying it back? Link to comment Share on other sites More sharing options...
Members Emprov Posted April 13, 2009 Members Share Posted April 13, 2009 One stab in the dark:Seems like the net costs will be substantially lower than Chicken Little predicted. The Bailout and the Economic Stimulus are two different things. What you posted is kind of like saying that the cost of a bass equals the $30 that you'd lay out for the strings. And, even during its inception, there existed the remote possibility that the govt could actually come out ahead with TARP. Link to comment Share on other sites More sharing options...
Moderators ThudMaker Posted April 13, 2009 Moderators Share Posted April 13, 2009 I was thinking the Congressional Budget Office carried a bit more weight. I should have clipped the spurious MSNBC reference.Technically, the bailout, if the gov would have stuck with the original plan, could have made a profit. I don't question that at all. $7.2 trillion mentioned in your article is significantly different than the $700 billion of the original TARP program. If that's what MSNBC wants to represent, have at it. We have a $2.9 Trillion budget for 2009 and even that has a huge deficit. How can one seriously think the US government can provide loans/guarantees in the amount of $7.2 trillion? Link to comment Share on other sites More sharing options...
Moderators Kindness Posted April 13, 2009 Moderators Share Posted April 13, 2009 Technically, the bailout, if the gov would have stuck with the original plan, could have made a profit. I don't question that at all. $7.2 trillion mentioned in your article is significantly different than the $700 billion of the original TARP program. If that's what MSNBC wants to represent, have at it. We have a $2.9 Trillion budget for 2009 and even that has a huge deficit. How can one seriously think the US government can provide loans/guarantees in the amount of $7.2 trillion? Isn't that the kind of leveraging that caused the problem in the first place? Link to comment Share on other sites More sharing options...
Moderators ThudMaker Posted April 13, 2009 Moderators Share Posted April 13, 2009 Isn't that the kind of leveraging that caused the problem in the first place? Yup. Link to comment Share on other sites More sharing options...
Members Jugghaid Posted April 13, 2009 Members Share Posted April 13, 2009 Isn't that the kind of leveraging that caused the problem in the first place? Hope and change baby. Hope and change. Link to comment Share on other sites More sharing options...
Members Emprov Posted April 13, 2009 Members Share Posted April 13, 2009 If that's what MSNBC wants to represent, have at it. We have a $2.9 Trillion budget for 2009 and even that has a huge deficit. How can one seriously think the US government can provide loans/guarantees in the amount of $7.2 trillion? Couldn't find the article but I seem to remember reading a few weeks back that a non-partisan Congressional budget committee projected that Obama's proposed budget would wind up adding $7.2tril to the debt, making the debt in 10 years (again after TARP and the Stimulus Package are figured into the equation), slightly over $19 Trillion. The debt currently stands at almost $11.2 Trillion. The same report said that the debt should go down significantly in a few years, but that it would then rocket right back up. Link to comment Share on other sites More sharing options...
Members RSBro Posted April 13, 2009 Members Share Posted April 13, 2009 Couldn't find the article but I seem to remember reading a few weeks back that a non-partisan Congressional budget committee projected that Obama's proposed budget would wind up adding $7.2tril to the debt, making the debt in 10 years (again after TARP and the Stimulus Package are figured into the equation), slightly over $19 Trillion. The debt currently stands at almost $11.2 Trillion. The same report said that the debt should go down significantly in a few years, but that it would then rocket right back up. I saw that one too. I think it was the COA, Congressional Oversight Admin or something like that. It def was a ".gov" site though. And that's if they stay on budget... Link to comment Share on other sites More sharing options...
Members blueyedmule Posted April 13, 2009 Members Share Posted April 13, 2009 Hope and change baby. Hope and change. Link to comment Share on other sites More sharing options...
Members philthygeezer Posted April 13, 2009 Author Members Share Posted April 13, 2009 Isn't that the kind of leveraging that caused the problem in the first place? Link to comment Share on other sites More sharing options...
Members J the D Posted April 14, 2009 Members Share Posted April 14, 2009 I'll wait to see what actually comes to pass to base my determination rather than what some politico projects. YMMV Link to comment Share on other sites More sharing options...
Members cuffdc Posted April 14, 2009 Members Share Posted April 14, 2009 Hmm...I wonder if I can apply for any funds for a fretless? Link to comment Share on other sites More sharing options...
Members dionysusolympus Posted April 14, 2009 Members Share Posted April 14, 2009 as long as you're the bank of cuffy. Link to comment Share on other sites More sharing options...
Members lonerstoenr Posted April 14, 2009 Members Share Posted April 14, 2009 So, ummm, whose LENDING money to the US government at this point? Link to comment Share on other sites More sharing options...
Moderators ThudMaker Posted April 14, 2009 Moderators Share Posted April 14, 2009 So, ummm, whose LENDING money to the US government at this point?The Chinese for one. Of course our government's bonds haven't been achieved junk status yet. When/if that happens our government will actually be forced to control itself. Link to comment Share on other sites More sharing options...
Members Emprov Posted April 14, 2009 Members Share Posted April 14, 2009 The Chinese for one. Of course our government's bonds haven't been achieved junk status yet. When/if that happens our government will actually be forced to control itself. Not so fast, keep in mind that the general public is lending money to the govt in the way of bonds too and we'll buy junk status bonds all day long! Link to comment Share on other sites More sharing options...
Members toolbar Posted April 14, 2009 Members Share Posted April 14, 2009 Not so fast, keep in mind that the general public is lending money to the govt in the way of bonds too and we'll buy junk status bonds all day long! hell, yeah, baby. Link to comment Share on other sites More sharing options...
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