Government ends TARP, makes $15.3 billion profit (user search)

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Government ends TARP, makes $15.3 billion profit (search mode)

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Topic: Government ends TARP, makes $15.3 billion profit (Read 12016 times)

King
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Re: Government ends TARP, makes $15.3 billion profit

« on: December 19, 2014, 02:22:03 PM »

No ZeroHedge recalculated this and we actually lost 500 trillion dollars.

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King
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	Re: Government ends TARP, makes $15.3 billion profit « Reply #1 on: December 25, 2014, 10:48:17 PM »
	« Edited: December 25, 2014, 10:52:14 PM by King »

Percentage of GDP is the standard for size of government. If you cut spending but destroy GDP, the size of government increases in real terms as a larger percentage of the tax base is requiredto pay for it. That's all you should care about as a taxpayer.

The Paul Ryan budget relies on GDP growth for much of its debt reduction projections.

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King
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Re: Government ends TARP, makes $15.3 billion profit

« Reply #2 on: December 25, 2014, 11:31:56 PM »

Obama didn't slash defense spending per say but effectively did so by restraining growth. With what McCain or Romney wanted, it would certainly not have declined as %GDP.

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