"He will put the sheep on his right and the goats on his left."
Matthew 25:33

Wednesday, July 1, 2009

The $700 billion slush fund

In the last year, we have heard a lot of hyperventilating about the economy.  The $700 Billion TARP legislation last fall was stampeded through Congress on the premise that the sky would indeed fall without it.

Now 8 months later, Secretary Geithner has indicated that he considers TARP to be a permanent "revolving" fund, which is not at all in keeping with the spirit of the presentation of this legislation to the American people. (There is an article here that describes where the TARP money has gone.)

The provision of such a "flexible" fund, such as TARP, is the very definition of lawlessness, and begs for corruption.  A $700 Billion slush fund for the US Treasury Secretary is a direct threat to our freedom and well being, and we should be pressing our Congress to end it immediately.

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