"Members of Congress have said that ten months into the Troubled Asset Relief Program or TARP, the oversight of the money has been lacking so much so that it is worthless.
"TARP has become a program in which taxpayers are not being told what most of the TARP recipients are doing with their money, have still not been told how much their substantial investments are worth, and will not be told the full details of how their money is being invested," a special inspector general over the program reported last month. The "very credibility" of the program is at stake, it said."
This might have something to do with the dubious body's abysmal approval number of just 14%. I long ago dismissed Congress' credibility.
TY to this guy.
Update: Oh, goody. Deficit grows by $181 billion in July, hits $1,300,000,000,000.
"Tax receipts declined by 17% in July, but spending went up by 21%. Shouldn’t spending decrease when less money gets received? For American families, that’s certainly how it works. At the very least, one would expect Congress to hold the line on spending and stop any increases when it expects less revenue. That would be the fiscally responsible path to take in an economic crisis."
Like I said, I long ago dismissed Congress' credibility.
