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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (679055)	10/15/2012 8:22:10 PM
From: FJB	Read Replies (3) \| Respond to of 1572813

Obama: ‘We Got Back Every Dime’ of Bailout; CBO: Bailout Will Lose $24 Billion By Matt Cover October 15, 2012 (CNSNews.com) – President Barack Obama said on Thursday that “we got back every dime we used to rescue the financial system." According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout. “We got back every dime we used to rescue the financial system, but we also passed a historic law to end taxpayer-funded Wall Street bailouts for good,” Obama said in Miami Thursday. The Congressional Budget Office--based on figures from Obama’s own Office of Management and Budget---gives a different assessment. “The cost to the federal government of the TARP’s transactions (also referred to as the subsidy cost), including grants for mortgage programs that have not yet been made, will amount to $24 billion,” said the CBO report, which was released on the same day Obama spoke.

To: i-node who wrote (679055)	10/16/2012 6:50:32 AM
From: Alighieri	Read Replies (4) \| Respond to of 1572813

Considering what we know from the likes of B.F. Skinner, would you agree that income redistribution encourages those who are the least productive to be even less productive, and discourages productive people from being more productive? Generally it's impossible to disagree with the absolute concept...but it stops working or making any sense at some point in the cost/revenue equation....and advocating additional expenses in defense, even beyond those requested by the military itself, is insane. Al