Obama Lies About Bailout Cost To Taxpayers

Discussion in 'Politics & Religion' started by pspr, Oct 15, 2012.

  1. pspr

    pspr

    Obama: “We got back every dime we used to rescue the financial system, but we also passed a historic law to end taxpayer-funded Wall Street bailouts for good,” Obama said in Miami Thursday.

    CBO: “The cost to the federal government of the TARP’s transactions (also referred to as the subsidy cost), including grants for mortgage programs that have not yet been made, will amount to $24 billion,” said the CBO report, which was released on the same day Obama spoke.

    In fact, CBO reported that as of now $65 billion in TARP funds remain outstanding.


    http://cnsnews.com/news/article/oba...dime-bailout-cbo-bailout-will-lose-24-billion