Bachus: Democrats Vote Once Again to Extend Taxpayer-Funded Bailouts |
September 29, 2010 WASHINGTON - Financial Services Committee Ranking Member Spencer Bachus said the Democrats voted once again to extend taxpayer-funded bailouts by rejecting this week's YouCut submission, offered by Rep. Eric Paulsen (R-MN), that would permanently end TARP and the billions of dollars in programs that were created under its authority. "Extending the taxpayer-funded bailouts is a clear violation of the intent of the TARP program and is a reinforcement of the fear Republicans have had that this pot of money would be too tempting for liberals in Congress who never met a bailout they didn't like. "While America continues to suffer from the job-killing agenda of the Democrat Majority, the financial system itself is slowly returning to normal. TARP was designed to accomplish this goal, not to provide unemployment assistance and pay off mortgages or serve as a slush fund for Democrat proposals. "By failing to act on more than a dozen Republican proposals to end TARP and return all repayments, dividend payments, interest and un-used funds to the treasury, Democrats have created a bailout monster that will indeed live for years to come." Rep. Paulsen's Submission for YouCut
Terminate the TARP Program Prohibiting Any Additional Bailouts ### |