"Foreign firms helped by U.S. bailouts: panel
In its latest critique of the Treasury Department's handling of the Troubled Asset Relief Program (TARP) -- set up in 2008 as a $700 billion rescue fund -- the Congressional Oversight Panel said other countries got help from U.S. rescue efforts that exceeded any benefit their programs provided to the United States."
''"If the U.S. government had gathered more information about which countries' institutions would most benefit from some of its actions, it might have been able to ask those countries to share the pain of rescue," the report said."
I think all this spending is because all the political favors were called in and that was why it was passed in such a hurry. We need to run the US budget like we run a business, no business would be in business very long with that much debt load.
Answer by Joeygoat at 3:27 AM on Aug. 12, 2010
Answer by JuLiAnSmOmMy317 at 6:15 AM on Aug. 12, 2010
Answer by lovinangels at 7:07 AM on Aug. 12, 2010
Answer by UpSheRises at 8:49 AM on Aug. 12, 2010
Answer by UpSheRises at 8:50 AM on Aug. 12, 2010
Answer by hot-mama86 at 9:59 AM on Aug. 12, 2010
Answer by Carpy at 10:37 AM on Aug. 12, 2010