jonasc says: What is the Treasury Department hiding? The government’s top watchdog over the $700 billion “rescue package” says that the Treasury Department refuses to let the taxpayers know how that money has been spent. Why? Neil Barofsky is the special inspector general over the Troubled Asset Relief Program (TARP). According to The Hill, “Barofsky said that while the TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion. The government has committed significantly more money through a variety of other federal agencies and programs.” Don’t let that quote go over your heads folks. He said the bailout “could reach a far higher figure of $23.7 trillion.” What!!!!!!!!!!!! Who authorized this? The taxpayers didn’t. Congress didn’t. Who then? $23.7 trillion is twice America’s total gross domestic product and way above the $700 billion authorized. |
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