MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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From Wall Street to Main Street -- Some Simple Questions
By CVille Dem on Sun, 01/24/2010 - 2:37pm |My understanding is that the money that was loaned to the too big to fail banks, is being paid back to the US Treasury coffers. The republicans are still complaining that the outgo of that money increased the deficit.
Some simple questions:
1. Doesn't the money coming back in get subtracted from the deficit?
2. If so, why isn't anyone reminding them of that?
3. Why can't we just use the money coming back in for job creation and relief for the mortgage crisis? After all, it wouldn't increase the deficit since it was money already subtracted, and is being repaid.
4. Is this too simple, or am I missing something here?
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