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December 8th, 2009
05:00 PM ET

What should be done with leftover $200 billion TARP money?

ALT TEXT

Morgan Stanley is one of ten lenders that won U.S. Treasury approval to pay back $68 billion in funds from the Troubled Asset Relief Program (TARP). (PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

Despite record deficits, President Obama wants to spend more money to create jobs and try to ease the suffering of consumers and businesses.

The president's plan includes:

  • Giving small businesses tax breaks for new hires and equipment purchases
  • Expanding spending on infrastructure - building more roads, bridges water projects, etc.
  • And giving consumers rebates for modifying their homes to consume less energy.

The president didn't put a price tag on all these projects, but he suggested there's more money for the government to spend - since the TARP bailouts will wind up costing $200 billion less than expected.

Republicans are outraged at the idea of spending any of this TARP money - they say any money made back on the bailout of financial institutions should be used to pay down the skyrocketing national debt.

President Obama insists the U.S. can do both at the same time - pay down the debt and spend more to create jobs and spur economic growth.

Meanwhile there is an ominous warning out today about our ballooning national debt - now at $12 trillion and growing. Moody's credit rating agency says it's "not inconceivable" that the U.S. could lose its triple-A debt rating in 2013.

It could happen if U.S. growth slows, interest rates climb, and the government fails to address the growing national deficits - which the government is currently failing to do.

Here’s my question to you: What should be done with the leftover $200 billion of TARP money?

Tune in to the Situation Room at 5pm to see if Jack reads your answer on air.

And, we love to know where you’re writing from, so please include your city and state with your comment.


Filed under: Uncategorized
soundoff (246 Responses)
  1. Mark, Bradenton,FL

    Give it to tax payers to jump start the economy.

    December 8, 2009 at 2:46 pm |
  2. Tom in Tx.

    Use it to extend Medicare to people 55 -64.

    December 8, 2009 at 2:47 pm |
  3. Denny from Tacoma, WA

    Try giving a stimulus package to the American people instead.

    December 8, 2009 at 2:47 pm |
  4. Jack Carlson

    The TARP (Toxic Asset Recovery) should go back to the American People. There was not ONE DIME spent on Toxic Assets either, which will come to roost soon as well as they Toxic Assets are still sitting on the banks books.
    Obama is so dumb he still does not get the fact the Gov't spending more money (when they have spent 1.46 Trillion this yr into our deficit) does not create jobs it's hard to believe he ever had a job in Community Organizing. Small Business creates jobs – and right now they won't do anything I don't believe until Obama is gone.
    If there is a dime around the corner this Obama, Reid and Pelosi want to spend it. I hope they ge their due for the damage they are causing for generations to come.
    Jack C
    WA

    December 8, 2009 at 2:50 pm |
  5. Sandra - Temecula, CA

    It should go to pay down the deficit. It's not like this is extra money or a tax refund from an overpayment, it was borrowed money to begin with and should be used to reduce our debt. These politicians needs a business course to understand how this works, enough with the tax, borrow and spending us into oblivion.

    December 8, 2009 at 2:54 pm |
  6. Joe CE

    Energy initatives – green jobs.

    December 8, 2009 at 2:54 pm |
  7. Ed

    Tax revenues are down because of the recession. The only hope of decreasing the defict is to get the economy growing again and putting people back to work. The $200 billion should be used for shovel ready construction projects for our infrastructre like roads and bridges.

    Ed
    Texas

    December 8, 2009 at 2:57 pm |
  8. Gerry In Toronto

    Simple, just send it to me, I promise to hire a bunch of folks

    December 8, 2009 at 2:57 pm |
  9. Paul, Austin, Texas

    That 200 billion should be put in that lock box Al Gore used to talk about. It should be put in a special fund and used by Fema when some kind of huge storm or earth quake hits and many suffer. That will not happen because it makes to much sense.

    December 8, 2009 at 3:01 pm |
  10. Simonsays/Orlando

    Let's have a party. It may not put people to work, but it will make them feel better for a while. Kind of like the other stimulus money that's been spent.

    December 8, 2009 at 3:02 pm |
  11. Rick McDaniel / Lewisville, TX

    Provide venture capital for new companies, with new ideas. Only requirements: good ideas and products must be made in the US.

    December 8, 2009 at 3:05 pm |
  12. Wilhelm von Nord Bach

    how about some of the money for bonuses for congress, the senate and white house economic advisors, Jack?

    after all, they have screwed up healthcare reform and the economic "recovery" every bit as as bad as the wall street weasels that tanked the markets and they got multimillion dollar bonuses.

    it hardly seems fair.

    December 8, 2009 at 3:06 pm |
  13. Mike

    Jack,

    Let's pay off the loan from the Central Bank (China)!

    December 8, 2009 at 3:11 pm |
  14. Rick Medina,OH

    After years of following your blog, Jack, this is the easiest question you've ever asked. Here's my answer: nothing. We need to avoid the temptation to treat returned TARP funds as a 'piggy bank' for projects.

    Rick, Medina, OH

    December 8, 2009 at 3:11 pm |
  15. Irv Lilley Ephrata, Pa.

    Jack, What ever money is left from the tarp fund, should go directly into preserving and improving Medicare and Social Security, NO IF'S
    AND'S OR BUT'S.

    December 8, 2009 at 3:12 pm |
  16. Adam Simi Valley, CA

    Pay off the Debt. We need to stop treating this like a credit card that we need to max out. The rest of the TARP money was grossly ineffective and nothing can be gained by flushing another 200B down the drain. Having said that i am sure Obama will lobby to somehow get it into union hands, but we need to pay it back and change our course.

    December 8, 2009 at 3:16 pm |
  17. Russ in PA

    Wasn't it borrowed in the first place? Then return it to it's rightful owner... Allowing politicians to spend it is only rewarding the morally – and financially – bankrupt.

    December 8, 2009 at 3:19 pm |
  18. Diane Dagenais Turbide

    The TARP was emergency program that did prevent a collapse of the entire financial system but the pressure from not being a likeable program by nobody including the Banks made it that Banks got their act together faster! But, there is still an unease of giving credit again to businesses so this leftover as stated by the President is to be invested in small businesses by having credit available, increased investment in infrastructure jobs that brings in private sector jobs as well as making sure States are still capable of delivering services to people by keeping employees on the job to deliver these services : All of this contributes to bringing the country back on track to a more secure financial system and to have more confidence from small businesses in being again the ones capable of creating the majority of jobs from the private sector for the middle class families to be part again of the main street economy!
    And as stated by the President, fiscal responsibility is also part of his economic goal to reduce the deficit.

    December 8, 2009 at 3:20 pm |
  19. Richard McKinney, Texas

    Give it back to the tax payers in another stimulus check.

    December 8, 2009 at 3:23 pm |
  20. Melissa

    Give it to main street or give it health care.

    December 8, 2009 at 3:24 pm |
  21. Jeff Devine From Long Island NY.

    Please call the TARP MONEY what it really is, TRAP MONEY. The $200 Billion Should Go Back Into The Deficit!

    December 8, 2009 at 3:29 pm |
  22. Chandra - Las Vegas, NV

    Not spend it! Since common sense would be paying down the deficit, we know that will never happen.

    December 8, 2009 at 3:30 pm |
  23. Larry from Georgetown, Texas

    Half of it should be used to pay down the debt and the other half given to the American people that make less than $40,000 per year since it would be spent within a week to pay bills and buy food.

    December 8, 2009 at 3:34 pm |
  24. Michael Alexandria, VA

    It was borrowed explicitly to leverage deals. It should be used to leverage more deals to get lending started or else be used to reduce the debt.

    December 8, 2009 at 3:37 pm |
  25. john in michigan

    Since the idiots in DC will spend it anyway, how about sending a check to every taxpayer? We have a better idea of what to do with it.

    December 8, 2009 at 3:37 pm |
  26. Jack - Lancaster, Ohio

    Jack:

    It is not real money or federal assests, it is looming debt for waste. It should be taken off the program to reduce the total fiasco TARP has been (to the taxpayer). By the governments own creedo with alloted funds, "use it or lose it" and rather than lose it, they would waste it on political luxuries.

    December 8, 2009 at 3:39 pm |
  27. Jerry Johns Creek, GA

    Why not buy 4 million Cadillacs at $50,000 each that adds up to $200 billion. The Caddies could be given away to our returning servicemen and women, the taxes collected on these gifts could be used to offset reductions in Medicare benefits, the UAW would be better positioned to demand more unearned benefits to make up for their sacrifices, and finally the government appointed leaders of the new GM Company could claim their rightfully deserved bonuses. Everybody wins!

    December 8, 2009 at 3:39 pm |
  28. J.D. in N.H.

    Divide it up amongst the taxpayers and send checks. The money will seep into the economy through the purchase of long overdue necessities and the repayment of debt to banks. The banksters got bailed out, now it's our turn.

    December 8, 2009 at 3:41 pm |
  29. Tina Tx

    Anything within reason to get my fellow Americans back in a job. If he don't get on the ball we are going to take the place of one of many 3rd world countries who always have their hands out for a spare dime. I do not want our great country to hit the skids but it is heading that way really quick

    December 8, 2009 at 3:44 pm |
  30. Rob in NC

    They should pay off the deficit, but it would be nice if they gave it to the little people – ~$800/person in the US. More than likely it will go to fund the war or go to the "poor ceos" and banks so they can sit on it. Rob in NC

    December 8, 2009 at 3:45 pm |
  31. Christian the Great

    Some of it should be put toward the federal deficit and the rest of the money should be used to better stabilize the economy.

    December 8, 2009 at 3:45 pm |
  32. Scott Tuscaloosa

    Since Tarp was put in place simply to save Goldman Sachs why dont we just give the last 200 billion to them. Then they can pay it out in bonuses. Hell they have all earned it. They deserve the money and we
    should all be greatful they are doing Gods Work.

    December 8, 2009 at 3:46 pm |
  33. Richard, Syracuse

    Take the money and give it to smaller banks who will promise to loan it out to small business and allow this country to get back to work.

    Thank you so very much George Bush for your singing statement that stripped all the requirements of the original TARP money to the banks.

    December 8, 2009 at 3:50 pm |
  34. jenny

    Jack,
    Here is a thought. PAY BACK THE TAXPAYERS!!!!!!!!!!!

    December 8, 2009 at 3:54 pm |
  35. Cheryl in Bluffton, SC

    It should be invested in those "green jobs" we've been hearing so much about, developing the fuel sources that will free us from foreign oil. Let the administration put its money where its mouth is – invest it in our future security, prosperity and environment.

    December 8, 2009 at 3:54 pm |
  36. Cathy Missouri

    How about giving it to all the taxpayers that are
    currently unemployed, underemployed, facing
    a Christmas with very little money? I could sure
    use a couple thousand dollars. I'd even buy a
    couple months worth of health insurance with it!

    December 8, 2009 at 3:58 pm |
  37. Scott in San Diego, CA

    Geez Jack, you make it sound like extra cash just laying around, kind of like a tax refund we have been waiting for to spend on a vacation. This isn't really extra money, it is borrowed money and we should put it towards our debts, even if that is just paying the printer for printing all that money we are wasting.

    December 8, 2009 at 3:59 pm |
  38. Rick from Murfreesboro, TN

    Use it to help small businesses and individuals create new jobs.

    December 8, 2009 at 4:03 pm |
  39. Doug - Dallas, TX

    Oh, I don't know Jack. Maybe they could pay down the deficit or use it for loans for small businesses or help struggling homeowners who aren't being helped by the banks we bailed out. They could use it to extend unemployment benefits or help the states that can't balance their budgets and who may have to lay off the next million workers. Or they could give every family in America 1 million dollars, which would then be spent, which would help improve the economy.

    Point is there are a lot of good, positive ways to use the money but if history is any indication, they won't do that and it will just disappear into the government morass of creative accounting techniques. It's a shame, because I could use the million bucks!!

    December 8, 2009 at 4:05 pm |
  40. Bizz, Quarryville, Pennsylvania

    If they can use this money to bail out the banks that made bad mistakes. Than they can use it to help small businesses that will help the unemployment rate. I wonder if the republicans would be yelling so loud if this money was going to big business?

    December 8, 2009 at 4:05 pm |
  41. K.Nanstad

    What to do with the 200 billion "extra," in the kitty is simply a no brainer Jack! CREATE SOME PERMANENT JOBS, and JUMP START MORE PRODUCTION, MANUFACTURING, and INNOVATION in this country! Before it get's too late, people are losing their HOMES out here! AND this "second round of foreclosures," ARE NOT simply from a bad loans!
    Construction is SLOWING to a crawl out here! Neighbors have been on the unemployment line, for over 4 months, they continuously TRY to find work EVERYDAY, and NOTHING is going on! Rescue Missions are FULL to capacity, Toys for Tots drive recently reported, have TONS of requests this year, with little or hardly any donations this year! Our local FOOD banks, can't keep up with the demand. People are HURTING out here, and some hanging by a thread, despite the recent good news ; " Retail is up 1% everyone," wall street reports, from the National and Local Television News Stations! Take the money and CREATE some permanent good paying jobs, and begin a plan to create MORE INNOVATIVE MANUFACTURING in this country!

    K. Tacoma,WA

    December 8, 2009 at 4:06 pm |
  42. Ken , Beaverton

    Pay off the DEBT stupid. The Obama Administration directed by tax cheat and former Fed Reserve officer who guided us into this mess, along with the Dog and Donkey show called Congress, now wants a slush fund? Com' on! Do they really think that the American Citizen public doesn't know what they've got in mind?

    December 8, 2009 at 4:06 pm |
  43. cy

    Invest it in Mega Million lottery tickets and Chinese lead and arsenic futures. cy arlington, va

    December 8, 2009 at 4:08 pm |
  44. Victor in Saanich, B.C. Canada

    Jack, while it would be a 'drop in the ocean', it should be put towards the foreign part of the US national DEBT !!
    At least that might make an appropriate statement and the populace might be reminded of the need to start paying DOWN the 'restaurant bill' eh !!

    December 8, 2009 at 4:08 pm |
  45. William Joseph Miller, Los Angeles

    Obama already included his ideas. We need to invest this money in infrastructure and green technology. Past adminstrations have delayed these expenditures. The bill is NOW due. It's time to pay it. The proposals that Obama made today will direct money back to "main Street" (Which actually does not exist.) That's where the emphasis need to be.

    December 8, 2009 at 4:10 pm |
  46. Bill (Maryland)

    Jack,

    President Obama keeps rambling on about job creation. The banks (that we bailed out by the way) refuse to start lending to the very same people who bailed them out in the first place. Let's start with creating a "trust fund" of sorts with the remaining TARP funds. Let's take 100 billion and secure loans backed by the SBA (Small Business Administration) to get hard working Americans back on their feet again. Take 50 billion to clean up the illegal infestation. Then take the remaining 50 billion to finally secure our borders so this doesn't happen again.

    December 8, 2009 at 4:17 pm |
  47. Pat

    Put it towards the principal on the national debt.

    December 8, 2009 at 4:21 pm |
  48. bob frompa

    pay down the deficet

    December 8, 2009 at 4:25 pm |
  49. Loren, Chicago

    There is no leftover TARP money. To say it is leftover assumes that it existed in the first place. This is just borrowed money being delivered down a rabbit hole. The best thing to do is to wipe it off the books, buy back the treasury bills used to create it and hope that we never have to go this route again.

    December 8, 2009 at 4:28 pm |
  50. Mike from Denver

    I say quit trying to find ways to spend borrowed money. I know that is a radical idea, but aren't we looking for something other than the status quo?

    December 8, 2009 at 4:29 pm |
  51. Alex in Seattle

    Part of the TARP sales pitch was that the banks would pay it back, with interest, to the US Treasury. Just because it actually turned out as advertised, doesn't mean we can take the money for another purpose. Congress allocates spending and congress will have to reallocate the money. Although job creation should be a priority during hard times, this is not the way to get the money.

    December 8, 2009 at 4:31 pm |
  52. Matt

    Let see the left over TARP money go to more job creation measures and infrastructure projects liked promised.

    December 8, 2009 at 4:32 pm |
  53. Maria

    Well, the way I understood the process, that money didn't appear out of thin air. We were told money paid back to U.S. would go back to the taxpayers. So give it to us, as a check from the IRS (want to stimulate spending?) or give it to the social services which are badly hurting, use it for the VA, buy Arizona and build an animal rescue shelter there.

    Actually, the last idea may be the best one.

    Maria

    Brunswick,MD

    December 8, 2009 at 4:32 pm |
  54. Gary H. Boyd

    Dispense $1 million dollars to every American citizen over 65. They, in turn, would run out and spend the money on wild and crazy things like cars, houses and goods of all kinds that would fix the auto industry, solve the housing crisis and restore jobs. With an idea like this, I think I'll fun for Congress.

    Gary Boyd in Scottsdale, Arizona

    December 8, 2009 at 4:35 pm |
  55. Ann from Hampton, New Jersey

    How about using it to start getting us out of debt with China?

    December 8, 2009 at 4:35 pm |
  56. JENNA

    What should be done with the leftover $200 billion of TARP money?

    JOB Creation

    Jenna
    Roseville CA

    December 8, 2009 at 4:38 pm |
  57. James Bruce

    Jack How about giving health care to the pore! Do you know CPR? I'm sure that would give the party of no a massive hart attack!

    December 8, 2009 at 4:39 pm |
  58. Deb/Alabama

    I think it should be applied to the national debt. We should get that paid as soon as possible. Our government should lead the way in our debt repayment. I believe a lot of changes should be made in our financial sector and from all the squealing I hear, some restraint should be used by all of us. I am ashamed of the brassiness and self adoration that a lot of us practice.
    Tarp money should never have been paid to the banks and insurance companies. You would have thought that it would have made a difference, but no, Not a bit. I hope President Obama will expedite the pay back of the national debt.

    Thanks Jack

    December 8, 2009 at 4:39 pm |
  59. Eugene, Myers Flat, CA

    Hi Jack,
    The law is explicit when it comes to left over TARP Funds. It must be returned to the U.S Treasury and the taxpayers. Unfortunately, President Obama wants to diverty the funds, into yet another pork scheme, for his political cronies.

    December 8, 2009 at 4:40 pm |
  60. Fred R Deleon

    I am surprised you asking such of question Jack...........IF there is a surplus of 200 billion dollars(not true) why not spend some of those dimes for jobs for the Americans don't have it.

    December 8, 2009 at 4:41 pm |
  61. Paul from Phoenix

    Jack,

    Since it is our money, how about give it back to us? A tax refund would help out a lot of families around the holiday season.

    Paul from Phoenix

    December 8, 2009 at 4:44 pm |
  62. joe m

    how about pay back the debt that we still have and still keeps on growing. looking at this money as extra, available funds, or something that should be used for other projects is to deny the painful fact that this is borrowed money, which means it is not our money. 200 billion may not pay off the entire amount we owe, but it sure is a damd good start.

    December 8, 2009 at 4:48 pm |
  63. Deborah

    What should be done with leftover $200 billion TARP money?
    Invest in America, Create a lottery for the best new inventions. the winner has to submit estimated production cost and ideas on manufacturing, A committee would review the submissions and grant the money to the best of the best for start-up and hiring employees. The grant money would have to be re-paid to the fund for future recipients.
    Invest in scientific research for new ideas on safe fuels for transportation, agricultural production to feed the hungry and organized ways to save health care costs . The best of the best would get grants to hire help and build the company on the condition that the grant would be repaid for future recipients.
    The panel of judges who decide who qualifies to get the grant would be business people who had a proven track record of sound judgement, honesty, impartial fairness and previous success.

    This idea would put the focus back where it belongs... On America as a team with common purpose.

    December 8, 2009 at 4:49 pm |
  64. Deborah

    Your comment is awaiting moderation.
    What should be done with leftover $200 billion TARP money?
    Invest in America, Create a lottery for the best new inventions. the winner has to submit estimated production cost and ideas on manufacturing, A committee would review the submissions and grant the money to the best of the best for start-up and hiring employees. The grant money would have to be re-paid to the fund for future recipients.
    Invest in scientific research for new ideas on safe fuels for transportation, agricultural production to feed the hungry and organized ways to save health care costs . The best of the best would get grants to hire help and build the company on the condition that the grant would be repaid for future recipients.
    The panel of judges who decide who qualifies to get the grant would be business people who had a proven track record of sound judgement, honesty, impartial fairness and previous success.

    This idea would put the focus back where it belongs... On America as a team with common purpose.

    December 8, 2009 at 4:51 pm |
  65. Dennis North Carolina

    use it to create real jobs.

    December 8, 2009 at 4:52 pm |
  66. Ray Lao

    for starters the goverment should consider maby starting there own goverment owned industry..making there own stores like wallmart and sams club with american products....mmmm that could be the start of getting rid of this recesion ...????

    December 8, 2009 at 4:54 pm |
  67. Jerry Jacksonville, Fl.

    Split it up among the people who draw Social Security, at least the jerks in congress won't blow it on some bridge between Alaska and Russia.

    December 8, 2009 at 4:55 pm |
  68. mike borrelli, clearwater, fl

    The republicans are saying it is "repulsive" to use the TARP money
    to create jobs! The only thing I find repulsive is the attitude of the
    republicans concerning the welfare of the average citizens. They
    didnt mind giving it to the corporations when they needed it. If it
    wasnt for the average taxpaying citizens there wouldnt be any
    funds, lets not forget that John Boehner.

    December 8, 2009 at 4:57 pm |
  69. RichP the Pocono's

    That is a tough one, how about putting it back in the thin air it came out of.
    Of course we could use it to buy ink and paper for the government printing presses, that might print a few trillion dollars to pay for the health care.

    December 8, 2009 at 4:58 pm |
  70. Lance, Ridgecrest, Ca

    Jack, what should be done is apply it to the deficit. What IS going to happen, is the Congress and Obama will use it for a continuing slush fund to pay for more of their reckless, endless spending spree. You can bet that any moneys paid back by the banks or anyone else who got bailed out will also be used as a part of the administration's revolving spending accounts to further their social agenda. Oh by the way, don't think for one instant that any legal hurdles will stand up to this Congress. They won, get over it!

    December 8, 2009 at 5:00 pm |
  71. Daniel Gard

    Help the homeless or save some people's homes.

    December 8, 2009 at 5:02 pm |
  72. Pablo in Arlington Texas

    Jack
    I say split it down the middle.
    Half to deficit reduction and half to a Federal hiring program to put folks to work.
    This is more a matter of how to improve national morale than it is a matter of fiscal restraint. We should look to FDR for our example. Do Anything; Try Everything to get the ball rolling. FDR now THAT was a PRESIDENT, brother!
    Pablo
    Arlington Texas

    December 8, 2009 at 5:03 pm |
  73. JJS

    How about we loan it to China and live off the intrest for a few years!

    December 8, 2009 at 5:03 pm |
  74. Mode (PDX)

    Jack, the 200 billion Dollars should be given in tax breaks to Gen X and Gen Y. Our generations are the ones which has been mostly robbed, oppressed and abused. How about some forgiveness on student loans? How about a tax break only for those WHO DID NOT CREATE the problem of depressed wages, but work the majority of these kinds of jobs? Distribution of this money with a generational bias is the only just distribution of the funds. Any non-generational bias will merely reward those who created and can only make our economic problems, worse: the baby boomers.

    December 8, 2009 at 5:04 pm |
  75. john ... marlton, nj

    GIVE IT BACK TO ITS' OWNERS....Pay down debt ... that is what was promised ... What the hell is wrong with the Dems, everytime they get some fresh cash... it's like the first of the month... and they have this NEED to spend ...

    December 8, 2009 at 5:04 pm |
  76. J W

    How on earth, with a debt of twelve trillion dollars, can there ever be anything "left over"?

    December 8, 2009 at 5:05 pm |
  77. joan

    create jobs and more jobs

    December 8, 2009 at 5:05 pm |
  78. T.J. Tampa

    Spend it on jobs for main street. Any one crazy enough to beleive this money should go for defict reduction is just that crazy. If the politicians know there is a dime in the coffers they will find a way to spend it on something else less worth while like a war and not think twice about it. But, when it comes jobs and healthcare that sems to be less a priority.

    December 8, 2009 at 5:06 pm |
  79. Tom, Avon, Me, The Heart of Democracy

    fund jobs programs with seed money.

    December 8, 2009 at 5:08 pm |
  80. GWTripp, Mch'sburg, PA

    Why do you ask such stupid questions, Jack? Put the leftover TARP money back in the pockets of Americans. Reduce the deficit!

    December 8, 2009 at 5:12 pm |
  81. Moe Thompson dallas tx

    For God's sake spend it somewhere !! It would be a Cardinal Sin to apply it against the debt !!

    December 8, 2009 at 5:12 pm |
  82. Darren

    Give the seniors their 'cost of living' increase back in Janurary instead of taking it out like some backdoor tax to one of the poorest groups in America.

    December 8, 2009 at 5:12 pm |
  83. Ed Tallahassee

    A Jobs Program would be a pretty good Idea. Although I think it might come-off as insulting that Wall Street gets their fill then Main Street Gets their table scraps.

    December 8, 2009 at 5:12 pm |
  84. Michael H. in Albuquerque, NM

    The Bankers, Brokers, and insurance companies that were originally designated to recieve TARP funds were supposed to provide credit for small businesses. But, instead they gave it out as bonus's and used it in company parties and used it to cook their books. President Obama has proposed that some of it be used to pay down the deficit, spend on infrustructure, and LOAN to small business. How is that not what it was intended for in the first place?

    December 8, 2009 at 5:15 pm |
  85. Elissa

    How about extending a hand to the sinking middle class??

    December 8, 2009 at 5:15 pm |
  86. Steve in California

    Direct funding of jobs. Jack, Americans need to hear they can go to the local ermployment office and actually get some sort of job. It's important that unemployed people do not sink into a mire of discouragment and hopelessness. We need public projects, large and small. We need people working on the roads, bridges, waterways and railbeds. We need people working to improve our harbors. This county's demise awaits those who blind themselves to the possibilities presented by this deep recession. When did selfishness replace what used to be called "the can do American spirit?"

    December 8, 2009 at 5:16 pm |
  87. Sam on Lake Oroville CA

    It should be used to invest in establishing 2 National Polo leagues
    and tax Cuts to Owners and investers in it.
    the rest should go for Tax breaks on Polo ponies, polo Tack, and Polo Togs.
    So all americans can enjoy the fruits of their labors, with
    economical polo stadium tickets.
    We would even Welcome canadians there to.
    if they promised to behave themselves.

    December 8, 2009 at 5:17 pm |
  88. Ed from California

    It should be given to me 🙂 How about putting it back where they found it.

    December 8, 2009 at 5:17 pm |
  89. Dan, Chantilly VA

    Well they could draft a check to all 300 million citizens. Not only would it be a boost to the economy it would provides hours of entertainment listening to Glenn Beck's conspiracy theories when everyone in America receives $666.

    December 8, 2009 at 5:18 pm |
  90. chaney, La.

    If the President said he would'nt use any Tarp Funds for job creation, then Boehner, would say he should, there is No winning with Republicans....he should use part of it for job creation......

    December 8, 2009 at 5:20 pm |
  91. karla

    If the banks got a bail out why not the tax payers? Especially if it goes directly to job creation – the number one issue in my opinion. Since the money has already be allocated in the budget, just do it. If this drags on like healthcare, there will be more than just the Dems in hot water. Republicans please shut up. You created this mess, refuse to clean up and now you insist on complaining about it every chance you get. Why are you against everything that helps people?

    December 8, 2009 at 5:24 pm |
  92. Angie

    In a word :
    Jobs - JOBS - " J O B S "!

    December 8, 2009 at 5:24 pm |
  93. michael armstrong sr. TX.

    How about using it to rebuild our industrial might thru retail rejuvination and create new industries to make things here that we buy overseas then proublem solved .

    December 8, 2009 at 5:24 pm |
  94. Leonard in Charlotte

    Creating Jobs that will either stay permanently or that will spur growth of new and longer lasting jobs.

    December 8, 2009 at 5:25 pm |
  95. Kevin L. / Omaha, NE

    The TARP money is meant for bailing out, so, let it bail out Main St. And you got Repubs talking like they know what to do with it. I know what they'll do...the same thing they did with the surplus...put it in THEIR pockets...so let's not be stupid!

    December 8, 2009 at 5:25 pm |
  96. marlene

    The taxpayers, through TARP, bailed out wall street, so yes, let's bail out main street. Anything that the President and Congress can do to help provide jobs and get this economy growing will be helpful. Let's just hope, that the Republicans in Congress don't hate the President enough that they will oppose any help for main street in addition to the rest of the policy opposition they have been demonstrating.

    December 8, 2009 at 5:26 pm |
  97. David in Raleigh, NC

    Both the leftover $200 billion of TARP money along with the TARP money and the interest that the banks repaid should be used to pay down the national debt.

    December 8, 2009 at 5:26 pm |
  98. David in Raleigh, NC

    It shouldn't be used to fund another failed stimulus plan after the way that the initial $787 billion stimulus plan failed with job creation that cost $245,000 per job along with unemployment rising from 8.5% to 10.2% after the stimulus bill was enacted.

    December 8, 2009 at 5:28 pm |
  99. Willow, Iowa

    Update our electric power grid for the entire country, so wind, solar, wave, nuclear, etc. can be used. That will put people to work, manufacturing co. busy, and it will be the grand plan of 2010, just as the international highway system was in the 60s.

    December 8, 2009 at 5:28 pm |
  100. Rosa Lake City, SC

    President Obama is right on with what he is doing with the TARP money, but hey. no matter what he does it will be wrong to some. I tell you this is the smartest president we've had in my time and we spend so much time questioning every decision he makes. If we had spend some time the last 8 yrs. doing just that maybe.

    December 8, 2009 at 5:31 pm |
  101. CMborden

    Boehner says, "repulsive." He must be looking in a mirror. His outrage is as phony as his tan. It is time for the Republicans to lead, follow or get the hell out of the way. We know where their leadership took us. Contribute or get out, but don't obstruct! An indy voter.

    December 8, 2009 at 5:31 pm |
  102. Mark Sarasota FL

    What a novel idea! Start helping the people that are paying for all the nonsense going on in Washington. People have been screaming for jobs for at least 2 years not socializating bank & corporate losses. I find it repulsive everytime John Boehner opens his ignorant mouth!!

    December 8, 2009 at 5:34 pm |
  103. Eric in DC

    Well here's the thing...its not really leftover. Lets use it on infrastructure to repair roads and bridges. Lets use it to fund more equipment and supplies for our troops in Iraq and Afghanistan. What we absolutely should not do is inject that remaining money into the banking industry and expect them to start handing out loans to small business so they can hire again. Thats crap and it doesn't work. You want job creation results? For starters...take that money, give it to several companies contractually bound to go to Michigan and Pennsylvania and train unemployed American workers. Convert some of these obsolete industrial factories into factories that build wind turbines, solar panels, geothermal equipment, etc. Put these people to work in a new green economy.

    December 8, 2009 at 5:35 pm |
  104. George, Montrose,PA

    Jack, I think they should give it to me. I would love to buy a new Cadillac Suv and drive around spending it in all the places where I knew best how it would go back into the system. Everyone should have a turn, but I should be first because it was my idea.

    December 8, 2009 at 5:36 pm |
  105. Ade Odegbile

    It is funny how the minority leader thinks it is repulsive to spend unused but allocated stimilus money on trying to help the economy or create jobs, but he has no problem spending another trillion dollar in Afghanistan yet he claims, jobs are the most important thing.
    "Stimulus" was intended to help the economy, not to give free money to the banks.

    December 8, 2009 at 5:40 pm |
  106. Dan in Florida

    I just heard John Boehner call the President's latest plan to help spawn job growth "repulsive." If he wants more examples of repulsive, let him look at the 8-plus yrs. of spending and war-mongering that helped create these messes, neither of which he had no problem with putting on the nation's credit card. For the past few weeks republicans have been critizising the Pres. for not doing more to create jobs. Now the Pres. is addressing jobs and more by using $200B not needed for TARP. If you want to see repulsive, have the republicans look in the mirror and while they're at it, they can see what hypocrisy looks like as well!

    December 8, 2009 at 5:40 pm |
  107. Danielle

    If the Republicans are outraged at the idea of spending the TARP money creating jobs, spending the money is what we SHOULD do. The Republicans ran the country over a cliff when they were in charge so a smart strategy is to do the opposite of what they want. When are we getting back the $ 1 trillion they squandered on their war of choice and for profit for their rich friends? That was my money and I want it back now.

    December 8, 2009 at 5:42 pm |
  108. Lynda, Greenville NC

    Reading this makes me want to scream – when you find an extra $20 in your pocket that you thought you had already spent, you should use it to pay your bills not go shopping – that is how we got in this mess in the first place! Use the "excess" TARP money to pay down the deficit, let capitalism fix the rest of the economy. If we keep having more deficit no amount of bailout will help us.

    December 8, 2009 at 5:42 pm |
  109. Lisa, San Jose CA

    Money borrowed by the government is itself a 'make work project' for the banks, because banks profit by collecting interest on the money they have loaned to the government.

    I find it ironic the Republicans are arguing to repay national debt, since most of it is a legacy of *their* profligate spending under W, and since its continuing existence amounts to a subsidy for the banking industry that they so enshrine.

    There may be some merit in repaying debt owned by China. Otherwise, use the money to fix our infrastructure (and since its still debt, then it by happenstance is still propping up the banks).

    December 8, 2009 at 5:43 pm |
  110. william fitzwater

    give me a vacation or at least a very merry Christmas. Just joking but I hope a get a piece of the 200 million .

    December 8, 2009 at 5:43 pm |
  111. frankie

    After all the Republican whining about how Obama's plans supposedly hurt small business, are they now going to whine because he extends the bailout to small business? Also, since giant financial institutions gave some money back rather than follow the rules, which is funny, I bet small business can put that tarp money to good use.

    December 8, 2009 at 5:44 pm |
  112. Paulette from Dallas,PA

    Pay down the National Debt and then bring a Clinton into office to create another surplus.

    December 8, 2009 at 5:44 pm |
  113. Texas Pioneer

    Now that the stock market, and the banks, and the big companies are all fat and happy and on the mend. They will be needind a bit extra as a reward for all of their hard work and skill at how very suttle they were to steal all of that money and not pass any of it on to the little Main Street guys.
    It would be only right if you gave it to the Financial guys to make sure those 2010 bonus' are secured and locked in.

    December 8, 2009 at 5:45 pm |
  114. Wiley Coyote

    The money should go back where it came from.

    December 8, 2009 at 5:46 pm |
  115. Tom Rogers from Ingleside Texas

    Since the money does not really exsist and must be created, simply create less.

    December 8, 2009 at 5:47 pm |
  116. Sue from Redwood City

    Use it to pay down debt.

    December 8, 2009 at 5:50 pm |
  117. Jack - Lancaster, Ohio

    Jack:

    It is not real money or federal assets, Tarp money is looming debt for waste. It should be taken off the program to reduce the total fiasco TARP has been (to the taxpayer). By the governments own creedo with alotted funds to "use it or lose it", they would rather use it on waste via political luxuries.

    December 8, 2009 at 5:53 pm |
  118. Chuck Jupiter, Fl.

    Jack: I have a deep pocket!

    December 8, 2009 at 5:54 pm |
  119. Andrew, Amherst NY

    Wait, didn't we already spend 787 Billion to create jobs?? Maybe we should spend this 200 Billion to pay down some debt!

    December 8, 2009 at 5:54 pm |
  120. DON IN WESTPORT, MASS.

    Invest it our illegal alien nation. They deserve it. Just ask them.

    December 8, 2009 at 5:55 pm |
  121. Gigi Oregon

    By all means we should pay off the debt the Republican party ran up in their 8 years in office...to hell with jobs for the people...

    Set it up for those who were taken advantage of by the banking and mortgage co. with interest rates and high fees. Two percent interest rates for twenty year loans... Which would be paid back into the a fund to pay down the national debt ran up by the Republican Party. And help all those get homes who lost them because of greed. Maybe then "God would Bless America".

    December 8, 2009 at 5:56 pm |
  122. Peter m Gatliff

    Boehner calling using Tarp money to help the unemployed is Repulsive. the only thing repulsive in the belt way is Boehner and his right wing buddys trying to topedo the Obama adminastration.

    December 8, 2009 at 5:57 pm |
  123. jeff

    Give the money back to the taxpayers.

    December 8, 2009 at 5:58 pm |
  124. Robert in Vegas

    The Dems. think the tarp left overs should be spent to create jobs,why didn`t they think of that before they spent the original billions on the banks.The original tarp money would have paid off every delinquent loan in the country,as loans from the gov. at 4%..LEFTOVERS,you know what happens to Thanksgivings leftovers,they eventually end up in the toilet.The same applies,REDUCE THE DEFICIT.

    December 8, 2009 at 6:00 pm |
  125. Eric, Atlanta GA

    The Republicans who have given us the 3 largest deficits in our history are now "outraged" about paying off debt? Let me guess, if Obama used all the TARP surplus to pay off debt they'd be "outraged" about the unemployment situation. Do you have to take theater classes to be a Republican?

    December 8, 2009 at 6:00 pm |
  126. john millner

    The money should be used to pay down the deficit. How did we get to the poiint where any money available has to be spent by Congress right away? If Congress is so insistent on spending the money, they can use it for a down payment on the health care that none of us want.

    December 8, 2009 at 6:00 pm |
  127. Kellie in Cleveland

    Republicans outraged at a growing national deficit. What a joke!! Where was all that outrage and concern over the past 8 years? What did they do to prevent us from getting where we are today?? Any member of the GOP that voted for things like tax cuts and two incredibly expensive wars and have the nerve to NOW voice their outrage over the climbing national deficit should look up the word HYPOCRISY. Move over, you disingenous whiners while Obama does his best to clean up YOUR mess and get our nation back to work using the PEOPLE's money.

    December 8, 2009 at 6:00 pm |
  128. Kooky in CA

    Whatever John Boehner is saying we should do with it, we sahould do the opposite. Small businesses are the backbone of this country’s economy, not just corporate America that the Republicans represent. Without affordable healthcare and more credit available to small business, we are sunk. The Republicans want neither. Put it into Main Street to save our economy.

    December 8, 2009 at 6:03 pm |
  129. Kris in Ohio

    I would say pay down the debt but that would be silly to expect.

    December 8, 2009 at 6:03 pm |
  130. Esther Massillon Ohio

    Burn it

    December 8, 2009 at 6:06 pm |
  131. Jane (Minnesota)

    Infrastructur projects that create jobs.

    December 8, 2009 at 6:07 pm |
  132. J, Utah

    Divide it up between all of the legitimate American tax payers!

    December 8, 2009 at 6:10 pm |
  133. jf richards

    Give it to me! I couldn't do any worse with it than the government is doing !

    December 8, 2009 at 6:11 pm |
  134. Weldon

    "Try A Real Project"

    December 8, 2009 at 6:12 pm |
  135. Dan

    It should be given to me.

    -Dan from State College, PA

    December 8, 2009 at 6:12 pm |
  136. Deborah

    What would you suggest should be done with leftover $200 billion TARP money?

    Dear President Obama and Current Legislature:

    Invest in America, Create a lottery for the best new inventions. The potential winners would submit estimated production costs and ideas on manufacturing, A committee would review the submissions and grant the money to the best of the best for start-up and hiring employees. The grant money would have to be re-paid to the fund for future recipients.

    Invest in scientific research for new ideas on safe fuels for transportation, agricultural production to feed the hungry and organized ways to save health care costs . The best of the best would get grants to hire help and build the companies for research and manufacturing purposes on the condition that the grant would be repaid for future recipients.

    The panel of judges who decide who qualifies to get the grant would be business people who had a proven track record of sound judgement, honesty, impartial fairness and previous success.

    This idea would put the focus back where it belongs... On America as a team with common purpose.

    P.S. And Tell John Boehner of Ohio to go get a drink at the Capital Grill and let the current legislatures get on with thier job.

    December 8, 2009 at 6:12 pm |
  137. K. from Chicago

    I would like to see us use the TARP money to:

    1) Pay down some of the debt
    2) Create "sustainable" jobs in the marketplace, rather than creating "project-oriented" or short term jobs.

    I have not heard economists talk about creating "sustainable" jobs. Why not?

    December 8, 2009 at 6:12 pm |
  138. Anne in Atlanta ,Ga.

    If the money can be used to create more employment opportunities,for goodness sake, let's do it. I am sick to death of Republicans suddenly becoming deficit hawks after Bush's eight years of irresponsible behavior-fully supported by the GOP, I might add.

    December 8, 2009 at 6:12 pm |
  139. mkl

    They should pay down the debt. I don't feel they have any sense of reality when it comes to spending OUR money. Cut taxes and jobs will be created. It worked for JFK, it worked for Reagan.

    December 8, 2009 at 6:13 pm |
  140. George Holman

    Pay it back pure and simple. I am a Democrat, but it burns me up that we have such fiscal irresponsibility in Washington. It is unfathomable to me that we had a balanced budget in 2000 that was wrecked by the Republicans and the Bush Administration. This has to stop pure and simple. It will be painful but we cannot as a people keep "kicking the can down the road" hoping that some future generation will deal with it. Enough already!

    December 8, 2009 at 6:13 pm |
  141. Annie, Atlanta

    Infrastructure repair to create jobs. Without taxpayers we can't pay down the deficit, or bail out Wall Street the next time they go on a gambling spree.

    December 8, 2009 at 6:13 pm |
  142. Eric li

    We are already trillions of dollars in debt, how is 200 billion going to help. I say spend it and so we can continue the growth GDP.

    December 8, 2009 at 6:13 pm |
  143. Ken in NC

    Give it to Republicans and watch to see what they do with it. I promise you they will find some war to spend it on. Politicians cann't pay back money. They dropped the finance course after they learned how to spend. They were not in class on the day when pay back was taught

    December 8, 2009 at 6:13 pm |
  144. Ali

    Give it to me! With that much money I will create a company, hire all the unemployed people, and give whatever is left to the government to reduce the national deficit.

    December 8, 2009 at 6:13 pm |
  145. Barbara

    I've been out of work for a year and sit and listen to Republicans whine (as always) about how Obama is doing nothing about the jobs situation – how is paying off the national debt going to help me get back to work? Stop the wars – that ought to save a bundle!

    December 8, 2009 at 6:13 pm |
  146. Joe Davison

    That's a no brainer. With the debt rising daily, lets put a stop to the red ink. Use the unspent for reducing the debt!!!!! The economy is turning, give it time to heal. There's been enough reckless spending already.

    December 8, 2009 at 6:13 pm |
  147. Sachin

    Pay the Goldman Sachs executive 10 times their bonus and let the money trickle down. I guess that is how you invigorate the economy and that is what capitalism is all about. God save America

    December 8, 2009 at 6:13 pm |
  148. Emily

    Jobs Jack Jobs. I am not old enough to remember what FDR did recruiting and paying young men to build our national parks – but my late Father sure did.

    Why can't we fix roads, rebuild manufacturing to add new green jobs, and other economic stimulus plans with this money? We are getting back more than we expected.

    The Republicans offer no solutions but cutting taxes – and as a small business owner – that won't help me survive this as my customers are struggling too.

    Jobs Jack – nothing but Jobs please.

    December 8, 2009 at 6:13 pm |
  149. MNResident

    There is something crazy going in this world when the average person has to scrape by paycheck to paycheck (if they have a paycheck these days) while the Federal government (which is supposed to be paid for by that "average person") has $200 billion in spare cash just lying around as "money in the couch" for Jack Cafferty at CNN to debate about what to do with it.... GIVE IT BACK!!!!!

    December 8, 2009 at 6:13 pm |
  150. shirley curtis

    If nothing is done to create more jobs, how much money will the treasury be losing? People who are unemployed don't pay taxes, and that means less for the treasury . We need to do whatever is needed to create jobs, even if it means a short term rise in the deficit

    December 8, 2009 at 6:13 pm |
  151. John in Tucson

    As John Conyers so aptly put it, "This isn't the Barack Obama I voted for". This money should obviously be used to lower the deficit. 24 months ago unemployment was at 5% and it was due to the private sector. The private sector doesn't need fixing and is likely going to duck and cover with any impending legislation.

    What needs fixing is out of control government spending.

    December 8, 2009 at 6:14 pm |
  152. Joseph

    It should be used to pay down the deficit. I rarely am on the republican side on many issues, however it seems absolutely ridiculous to spend our extra money on more stimulus. Obama will look like a 16 yr old with a credit card if he spends that money. It would be a really bad move.

    December 8, 2009 at 6:14 pm |
  153. Gene Hendrix

    It should go to pay on the national debt. The TARP money was a job specific project.

    December 8, 2009 at 6:14 pm |
  154. Mike S

    Ed I really hope the GOP doesn’t think that we can pay off the deficit with 200 billion dollars. That amount will not make a dent in it. And you wonder why I’m a Democrat. President Obama is doing the right thing trying to create jobs, that’s what we need right now.

    Jacksonville, FL

    December 8, 2009 at 6:14 pm |
  155. Patricia/Georgia

    Remember the phrase "it is the economy stupid?" Well now "It's the jobs, stupid." Jobs create a better economy and with thousands out of work...the economy will not rebound. I have no problem with the government spending some of the tarp for jobs and I think all those in Michigan and states with a high unemployment rate will be happy to have something positive to look forward to. Then that money and any other money returned from the banks should be used to pay down the debt. Government provided jobs should have been looked into long before now.

    December 8, 2009 at 6:15 pm |
  156. julia

    It is right to use this money to stimulate jobs and therefore stimulate economic growth. Only economic growth will allow us to maintain our moody's rating, it is not time to play ostrich and back off these bold moves which have saved us from the brink of economic disaster.

    December 8, 2009 at 6:15 pm |
  157. Birddog in Mississippi

    Jack it takes a peabrain to figure this out. Let me make an analogy for those who don't have a brain at all. Say you have a republican wife who went out and stupidly borrowed all kinds of money and spent it on worthless overpriced crap. Then she crashed your car and it's gonna cost you a bundle to fix it. You need your car to get to work so that you can make some money to pay off the dang debt that she created and to buy things like FOOD. You managed to stash away a little bit of the money that you earned and are about to go get the car fixed and your wife is screaming that you can't fix the car because it costs too much and you need to pay down the debt she created. You know what I say? Get the car fixed. Go to work. Divorce the republican wife & then pay down the debt.

    December 8, 2009 at 6:15 pm |
  158. Travis Crowder

    We could give each American 1 million dollars and still have 199 billion 700 million left over for health care. Here is a great quote I heard: Dear Santa, All I want for Christmas is health insurance.
    -Kansas City

    December 8, 2009 at 6:15 pm |
  159. David Tarsha

    You want more jobs?
    Stop this fail war on drugs! Legalization of marijuana would be extreamly benifical for our country. Don't believe me? Check out
    the department of economics at harvard and find Jeffrey A Mirons report about legalization and the 44.1 billion we will make.

    December 8, 2009 at 6:15 pm |
  160. dan

    Jack, I like the President's idea for the extra money but I also think we should look at redirecting the money to begin addressing the foreseeable future Social Security shortages.

    December 8, 2009 at 6:15 pm |
  161. Stan - San Francisco

    Since it's obvious that additional funding is needed in other sectors to maintain the recovery momentum and considering the appropriation difficulties and delays of getting that additional funding, forget the accounting game and spend the residual wisely.

    December 8, 2009 at 6:16 pm |
  162. Ed Fertik

    How about a new concept like helping taxpayers who have bailed out major banks with their hard earned money while getting nothing in return. Let's start by helping all homeowners increase the equity in their homes by forcing banks to modify loans. But the bottom line is bring help to the people not the mega corporations. Here is a news flash for the president. If people have some money to spend perhaps they will buy something. Duh !

    December 8, 2009 at 6:16 pm |
  163. tom owens

    whatever monies that left should be spent on AMERICANS. If your worried about feeding your family,you could care less about the deficit.The republicans until recently spent money like drunken sailors.Now all of sudden they care. These clowns have got to go!

    December 8, 2009 at 6:16 pm |
  164. Amie

    I think Barack ObAMA SHOULD PUMP THE MONEY OUT IN THE STREETs JUST LIKE George Bush did . i have three kids and i am single parent and i havent gone to work in three weeks us U.S citizens need any penny we can get we dont want any waste in this country they are wose senerios then me and wasting money is not the way to go these days.

    December 8, 2009 at 6:16 pm |
  165. hank, montreal

    Buy some real money....GOLD

    December 8, 2009 at 6:16 pm |
  166. Rob Kaufman

    That money should all go towards infrastructure, especially solar and wind projects, creating jobs and new taxpayers and reducing oil imports.

    December 8, 2009 at 6:17 pm |
  167. Mike

    Invest it in American businesses and the American people. We need to get us back to work, which will bring in added tax revenues.

    December 8, 2009 at 6:17 pm |
  168. Guy, Oregon

    Jack, There are 110 million families in the USA. Give each family a $2,000 voucher that will expire in two years if not used. With all this money being spent, the economy will boom.

    December 8, 2009 at 6:17 pm |
  169. David

    Most of responsible Americans would pay down their down their bills if given extra money; the statistics show this. If Congress wants to defy the common sense of its constituents, they should go back on record and deliberate spending more good money after bad. More jobs will be created through common sense than poltical agendas. Let us create the jobs and get Congress out of our way!

    December 8, 2009 at 6:17 pm |
  170. Rita

    Use the money to get more people to work. It's like the teach a man to fish theoty. You can have the money now or the continued revinue from taxing an economicly healthy population.

    December 8, 2009 at 6:17 pm |
  171. Esther

    Give it to me.

    December 8, 2009 at 6:17 pm |
  172. jim Blevins

    The three most important national priorities are jobs, jobs and jobs. Until we reduce unemployment, our debt, our credit rating and lots of other things are in serious jeopardy. If TARP funds can be used to solve this problem - go for it.

    Jim, Craig, CO

    December 8, 2009 at 6:19 pm |
  173. Chris, NY

    TARP saved Wall St., it should now save Main St.
    Also it should be understood, that this is not new money, but rather old money dedicated to bank bailouts......Well, Main St. needs a bailout.
    Everytime this president wants to help Main St. (i.e. healthcare, energy bill, etc.), there's a problem.......When we want to deficit spend on war, the right wing has no problem spending at all.
    DISGUSTING!!!!!!
    BTW I'm gleefully employed so this would not help or harm me.

    December 8, 2009 at 6:19 pm |
  174. Marion/Alabama

    Pay down the deficit,what is was supposed to do,with the pay back and interest. This money was a loan to help business and banks not part of Obama's failed stimulis bill.

    December 8, 2009 at 6:19 pm |
  175. Curtis

    Jack

    Come on, I'm really disappointed in you and CNN. I know it's your job, but everyday you guys are on the President. He has been in office for less than a year, the Republicans didn't do all of this yelling when they were running up the dificit so why now?

    What I see is a President who has actually worked to correct problems and shown some real intelligence. We often wonder why we get bubble heads in office? It's because when we get someone who does the job we criticize them to death. The Republicans need to shut up and sit down they had their chance and blew it.

    To answer the question the money should be used to put people back to work and the increased revenue from the taxes on earned wages will help pay down the deficit. Some of those Republicans can donate their salaries as well that would also help since they caused this mess.

    December 8, 2009 at 6:19 pm |
  176. Sam in PA

    Jack
    How abou using some of that money to look into GM's secret files for green automotive technology. I believe this will create lost jobs especially the UAW. We will be exporting more of our vehicles made right here in the good old USA. Not to mention our reliance on foreign oil would be to our advantage.

    December 8, 2009 at 6:19 pm |
  177. Robert Fremin

    Jack
    That is a no brainer. You hit the nail on the head when you were talking about them spending a quarter if they found it on the road. It is a true pleasure to watch you and wolf everyday. Rob

    December 8, 2009 at 6:19 pm |
  178. Dianne of Paducah

    Jack, lets say, just for argument sake that we pay down the federal deficit. Will that create more jobs for those of us who need to eat now?
    I don't know about you, but we need to eat today not 10 years from today. The feds are operating in the red well welcome to my world.

    December 8, 2009 at 6:20 pm |
  179. jake

    let us put the TARP money to pay down the deficit and let the economy slide smoothly into recession,depression or what ever comes.

    December 8, 2009 at 6:20 pm |
  180. Alive and KICKIN

    I think it's a great use of TARP funds.. there wasn't enough emphasise on Job creation in the first place. What happened to the idea of GROWing our way out of debt – it worked for the last Dem President rather well. He handed Bush a surplus, if left to to what he needs to I bet Obama will give the next Pres a surplus as well.
    We need to GROW the economy.. that means research and DEVELOPment... ya gotta spend $$ to make $$-

    December 8, 2009 at 6:20 pm |
  181. Dave

    Correction.

    Your comment is awaiting moderation.

    The $200 billion dollars should be appropriated by ICE, to begin the mass deportation of the 20 to 30 million illegal immigrants. Build the border fence as envisioned by Rep. Duncan Hunter (R-CA)? Empower E-Verify to eject illegal labor from the workplace. Make it permanent and implement it as mandatory for every employee, no matter their years in the workforce?

    December 8, 2009 at 6:20 pm |
  182. Janelle

    Jack that money has got to go to paying down the national debt. The first stimulous didn't create jobs and I don't trust that more government spending will either. The best thing to do is to pay down debt, which should stop or at least slow down the rapid decline of the American dollar, which should help to stop or at least slow down the rising prices consumers see in the stores, giving consumers more money to spend, which should help businesses so they can start spending more and hiring again. Hey, isn't that stimulous?

    December 8, 2009 at 6:20 pm |
  183. Robert Midura

    I would like to see the TARP money used to kick start a jobs program where companies that create new jobs located in the United States get a reduction in their corporate tax rate for doing so. The money could be used to kick start the program until the new payroll taxes and purchases by the newly employed individuals brings in additional revenues.

    December 8, 2009 at 6:20 pm |
  184. Luci - Pekin, IL.

    Small business's, bridges erc. sounds good to me.
    It couldn't be any worse than the Bush and Republican Tarp money. They still don't know where it went. Remember when Mccain was going to quit campaining and vote for it. Fess up, where is it?
    They soon forget.
    I guess it all depends on what party you belong to.

    December 8, 2009 at 6:20 pm |
  185. chris kuhn

    Only a Repulican would have the nerve to call a tax cut for small businesses spebding. I guess it is only a tax cut wheb it goes to the wealthy.

    December 8, 2009 at 6:20 pm |
  186. Josh B from Ohio

    Spend it on the cost of Health Care Reform.
    The one job market that IS expanding needs it's customers.
    And a common complaint with job creation is the high cost of health care coverage.

    December 8, 2009 at 6:20 pm |
  187. Bob Beck

    Jack, this is another Obama joke. The $700+ billion "stimulus $$" was to create jobs. As we know now it was massive Democratic pork for pet projects not linked to real sustainable jobs. Now with public opinion learning the failure Obama wants to spend even more money to do what should have been done. I say NO to using the TARP $$ for more pork. Instead lets redirect the origimnal Stimulus $$ (most not spent) to the projects that are needed as the Czar President now understands is needed to create real, non-governmental "saved" jobs.

    December 8, 2009 at 6:20 pm |
  188. Barbara

    If TARP funds are good enough for banks, which continue to gouge us at every turn, with impunity, why aren't they good enough to use to put Americans back to work? Citizens getting back to work would be nothing but beneficial to our economy and desperate times call for desperate measures. Republicans need to get with the program and stop complaining about the debt which I'm sure doesn't matter one iota if they can put us into war after war – talk about no return on our investment!

    December 8, 2009 at 6:21 pm |
  189. Henry

    The remaining TARP funds should be returned to reduce the deficit. The prevailing premise is one in which the federal government has overturned 100 plus years of the free enterprise system wherein individuals have the ability to succeed or to fail upon their visions. We have eliminated the 100 years of bankruptcy process and legality based upon a premised benefit for the common good. Yet, at the same time, the federal government has presumed that they must interfer in the free enterprise system, dictate what can or cannot be done, and promoted the idea that, even if you fail, we will bail you out. This is not, nor has it ever been, the strength of the US free enterprise system and of these United States.

    December 8, 2009 at 6:21 pm |
  190. Jerry

    Pay down Defecit, The Obama Administration and the democratic Senate and congress are putting all the eggs in one basket, with no room for error, If their is a catastrophe, I hope there isn't, But what will we do? where will we get the money? Is China already taking over?With all these new changes, Mass health care, Limited fossil fuels and energy, Government Television,Control of Insurance, Banking,Auto. etc Jerry/ Iowa

    December 8, 2009 at 6:21 pm |
  191. bill dolan

    reduce the debt with the unused TARP funds, other wise we will be the largest debtor nation on earth, if we haven"t hit that summit now. The perhaps the jerks in DC won't have to raise the debt ceiling to $13Tillion, later this month

    December 8, 2009 at 6:21 pm |
  192. Will

    Hasn't the government figured out they cannot "Create" jobs? Takes a decent economy for that doesn't it? I feel if the TARP money had gone back to the folks they took it from, our econmy might be a little better than it is right now, you know small business to keep them going, the individual taxpayer, what a concept. Like you said, they find a nickel they will figure out a way to give away a dollar. Maybe they should think about paying for health reform, pay down the deficit, feed the homeless, dang I could use a nickel or two myself. By the way part of that is mine anyway. DONT GIVE IT AWAY.

    December 8, 2009 at 6:22 pm |
  193. David Sanderson

    Come on, Jack. You are an educated man who has a knowledge of history. Recessions come and go, unemployment is the last to recover and incentives and stimulus are part of any program to get out of such a mess. FDR ( a hero to Ronald Reagan) knew this during the last big depression. New jobs will mean real taxes going back into the coffers and less unemployment compensation and welfare to pay. Simply using the surplus savings to knock down the debt is like peeing into the wind. New jobs, even if the cost of them is a wash, means an earlier and authentic recovery. This is a no-brainer.

    December 8, 2009 at 6:22 pm |
  194. Steve

    I think the best thing he can do with the "left over" tarp money is to NOT spend it. If we keep digging this debt hole we'll never come out. Kind of like the lesson many americans are learning now.

    December 8, 2009 at 6:22 pm |
  195. Chuck, Greenwich, CT

    Jack,

    We should use that $200 billion that we "borrowed" from China towards paying down our national debt. Afterwards we should continue to pay down our national debt and then continue paying down our national debt... We pay off our mortgages, our car loans, our credit cards, etc. Get the picture?

    December 8, 2009 at 6:22 pm |
  196. Carlos

    It is ironic that so much will be left over. Considering the financial "experts" in Washington borrowed more than they needed to begin with as a (Just-in-case or we will not be able to pass for a vote later). Pushing the U.S. further into debt than it already is from the Bush administration. Much like borrowing 50 thousand dollars from a bank to buy an 8 thousand dollar car and then wasting the rest on other items that the loan was not originally designed to do. The only difference is the bank would not have lent the money in the first place. From this limited perspective; it appears the money should go back to the people or pay down the already inflated deficit.

    December 8, 2009 at 6:22 pm |
  197. Chris

    Jack,
    Please stop whining about spending! Nowadays, consumers aren't spending and investors aren't investing. The only other source of money in this economy is government stimulus. During the Great Depression, they tried to reign in spending by trying to balance the budget. Guess what, only WWII got us out of that mess! This is the result of capitalism run amok not the government. Unless you want to sell apples on 5th Ave., the government needs to spend money like a drunk on payday. It is ugly , it is distasteful but it is reality.
    Chris
    Farmington Hills, MI

    December 8, 2009 at 6:23 pm |
  198. Steve in Antioch, IL

    Give every US citizen in the US, except anyone making over $500,000 per year, the money. That equates to about $571 per person – give or take a few bucks.

    Chump change to many, but welcome relief to many more. Most of that money will be spent quite quickly giving a brief bump to the economy. But how about taking care of main street for a change instead of Wall Street and those who live in Fat Cat City?

    December 8, 2009 at 6:23 pm |
  199. Ken in NC

    Jack, give it to Republicans and watch to see what they do with it. I promise you they will find some war to spend it on. Politicians cann't pay back money. They dropped the finance course after they learned how to spend. They were not in class on the day when pay back was taught

    December 8, 2009 at 6:23 pm |
  200. Sam Tighiouart

    Jack half the money should go to buy hedge funds that the US economy will slow after the Holiday season so the government can actually make money like those on Wall Street are doing. These excess monies can then go to pay down the debt. The other half should go to a lottery with several large pools, atleast then the people would have a chance of getting out of this financial nightmare we find ourselves in and the government would have invested in our country opposed to giving hand outs.

    December 8, 2009 at 6:23 pm |
  201. Sly, Alpena, Mi

    The government needs to spend that money to make money. You have over 16 million Americans without employment, and by them not working, all 3 Municipalities (Federal, State, and Local) are not bringing in any revenue. Since the private sector is not stepping up to the plate to hire the unemployed, it's up to our so called leaders in Washington to: "Do The Right Thing".

    December 8, 2009 at 6:23 pm |
  202. ben stockton, calif

    no brainer on this one. use the money to generate jobs across the country..too many people are suffering and besides giving foreign aid abroad, use those funds to get america back to work. israel, africa and other countries can fend for themselves for a change. case in point, we are supplying 30,000 more troops for afganistan while other countries send but a percentage of that.. terrorists do harm to those countries also.. we gotta stop being the world policemen..

    December 8, 2009 at 6:23 pm |
  203. Darius Taylor

    How can we spent money on everything going on in the world like rebuilding Iraq, all kinds of money in Afghan and we can't spent on our own country without some type of discourd, we should first make USA strong than others. Yes spent the money on getting jobs here for our people

    December 8, 2009 at 6:23 pm |
  204. Bon

    Jack
    Most of my income now is either saved or used for debt servicing I accumulated from college. The rest is used to take care of essential services food, shelter, clothing etc. I am scared of worsening my already damaged credit score and only that kind of discipline for the next few years can save me.
    I expect the government to do the same and start paying down the debt any opportunity they get and this sounds like one. 80% can be used fro debt servicing and the rest for "job creation" – whatever that means instead they are thinking of spending everything. No wonder they are called tax and spend liberals.

    December 8, 2009 at 6:23 pm |
  205. JC

    Seems like some of these things that Republicans said would never work are working. Obama's team may be the only ones that actually have an idea how to fix this. I'll give him leway on the money if he can jump start the job market. For Republicans, it's much more important for Obama to fail then to have him doing something like improving the employement numbers.

    December 8, 2009 at 6:25 pm |
  206. EugeneWiese

    Spend the TARP money on jobs for people who need money now. Shovel ready,infrastructure, construction,just as you said,.ordinary people will spend the money and there will be cash flow. Gene

    December 8, 2009 at 6:25 pm |
  207. Christina Glendale, AZ

    Wouldn't it be nieve to think we will ever pay down our debt? Maybe it can go to all those districts that don't exist just like the stimulas money did!

    December 8, 2009 at 6:25 pm |
  208. kishen c.rao

    jack, how are you? I think best way is to pay back to the deficit so that it dis-burdens to our future kids...of America..thank, god bless our great land...we also needs to ban immigration to India, and other Muslim nations.

    December 8, 2009 at 6:25 pm |
  209. Warren F Rollins

    That makes too much sense. Why not just turn it over to the Chinese to start paying back our debt while we freeze executive and congressional staff payroll. Maybe then the "deciders" will get the picture.

    December 8, 2009 at 6:25 pm |
  210. Mike

    Invest it in me so I can buy a new American car.

    December 8, 2009 at 6:25 pm |
  211. Shan, Minden, LA

    I think he should give half towards our deficit, and the other half towards jobs. One thing for sure, if he goes all one way and none the other, he's bound to anger alot of folks. Maybe by doing it this way he can have his cake and eat too. This is part of being the president. You can please some of the people some of the time, but you can't please ALL of the people all of the time. One thing for sure something has to be done about jobs and done now! Without Main Street there is no Wall Street. We, the Main Streeters, are the heart of America.

    December 8, 2009 at 6:26 pm |
  212. Michael From Manorville

    When will our government realize that they need to start conducting themselves with the same level of responsibility they force on us. I have no choice when those usury tax dollars are taken from my paycheck each week. I am forced to pay the share that MY government demands. It is time we as Americans demand the same responsibility from OUR government. The current financial crisis we are experiencing was brought upon us by people excepting more mortgage dept then they could afford. Agreeing to spend what they did not have and exhibiting financial irresponsibility. These people and businesses have been chastised by the public and government alike for not maintaining a more responsible position. Now the same government who has scolded these people are going to do the same thing. Rather than showing financial responsibility and paying down their debt, they are going to continue to spend what they do not have. We as Americans should make each and every member of Congress and the Senate financially responsible for the debt. Their perpetual salary should be taken from them until the debt created on their watch is paid in full. Bet that law would produce a whole new type of check writing in Washington.

    December 8, 2009 at 6:26 pm |
  213. Ron from Oklahoma

    I can't tell you how many times this has happened. The "Conservatives" who blame the "deadbeats" who have lost their jobs, insurance and homes. As soon as THEY lose these necessities, they are screaming "Why isn't the Government doing something about this? We need HELP!" It happens nearly every time. Put the $200 billion to good use for crying out loud! If they don't, Congress will be debating TARP2 in a few months and wasting billions to implement a "new" $200 billion stimulus. Save the time and money and just use the available funds now.

    FYI – $200 billion over 10 years is $4.81 per family per week for families earning over $50,000 per year. That is not going to break any of those families. They spend more that that on coffee!

    Ron

    December 8, 2009 at 6:26 pm |
  214. Christina Glendale, AZ

    Or take it to Vegas. Put it all on 00 on roulette!

    December 8, 2009 at 6:27 pm |
  215. David Bunker

    Paying down the national debt has to be top priorty before anything else. It's temping to use the left over Tarp money to create jobs, but it will end up being waisted through missmanaging like the previous Tarp funds. If we use it to pay down part of the Trillion dollar debt, especially what we owe China, our childrens future debt will be at least 200 million less. Just think how not owing China anything would strengthen our bargining power with the rest of the world.

    December 8, 2009 at 6:27 pm |
  216. John

    Jack, politicians from both parties get elected in this country to spend money, not save it. The minority party may complain about what the majority party is spending it on, but, bottom line, they would love to spend it on their own special interests. Until the voters insist on real change we can believe in, like term limits and a balance budget which requires a super majority to exceed, we will be have to live with a system that thinks of change only as a political slogan to motivate the uninvolved.

    December 8, 2009 at 6:27 pm |
  217. Richard McKinney, Texas

    I would like too see them take the TARP money and use it to buy First Class tickets for all of our military troops to come home from Afghanistan and Iraq. That will lower the Federal deficit over night and improve the stock market at the same time..

    December 8, 2009 at 6:27 pm |
  218. Jigar Mehta

    JOBS, JOBS, JOBS. We need tax revenue to control the deficit. People with JOBS make better consumers than people without JOBS. DUH!!
    We need consumer confidence to improve. The JOBS from the $200B tarp money will have a multiplier effect throughout the economy and could reduce the deficit by $400B while restoring pride to the American people.
    The GOP needs to start helping Americans get back to work. The GOP would be happy with high unemployment so they can win seats in 2010. If they are really interested in controlling the deficit, the GOP will encourage Obama to raise taxes on the wealthiest Americans to pay for the TWO WARS we are fighting.
    -Jigar
    Philadelphia

    December 8, 2009 at 6:28 pm |
  219. Dan From Casa Grande, Az

    200 Billion? Lets squander it on a special party in the middle east.
    Really; Lets invite all potential and "want to be" suicide bombers along with proclaimed Islamic extremist to a wonderful party with 200 Billion US Dollars worth of paradise waiting for them inside a stadium or something.
    Lets go "all in" and maybe Bin Ladin will come.
    He started all this, right?
    Otherwise our government is going to squander it on something to do with a special interest and not the national debt.
    Respectfully
    Dan

    December 8, 2009 at 6:28 pm |
  220. EugeneWiese

    Give the money to ordinary people who need it and will spend it,just as you said,Jack. Gene

    December 8, 2009 at 6:29 pm |
  221. John Evans

    Yes, spend the $200 billion on job growth as the President proposes. The GOP (Greedy Old People's party) is only being obstructionists. Under their leadership the nation almost went off a financial cliff. Their advice is the last thing we should listen to. Now they are complaining about deficits, but when the Republicans were in power the deficit was not important. In fact, the Republican party is responsible for the vast majority of the current deficit that they are complaining about. I say we invest in America and do what the President has proven will work.

    Port Aransas, Texas

    December 8, 2009 at 6:29 pm |
  222. Paul

    The banks did nothing with this money that was given them to get credit flowing again except line their own pockets, the government can't do any worse and maybe do a little better

    December 8, 2009 at 6:29 pm |
  223. Mark Green Albuquerque New Mexico

    Give it straight to the wealthy since they will find a way to steal it anyway. Why didnt the GOP freak out when their president (Bush) spent trillions on his personal vendetta against Saddam Husein, while letting Bin Laden go? Because of the Bush family connection to the Bin Laden family. Lets spend the money prosecuting war crimminals like Bush, Cheney and Rumsfeld.

    It appears that to be part of the media in the US, one must check their spine at the door. Tough questions need to be asked, but are not being asked. How much money did Haliburton and other Cheney connected industrial war complex members make in the last 8 years?

    How about taking all their assets? VIVA HUGO CHAVEZ, the only man in the world who still has a spine, although I fear now that he messed with big oil and big banking his days on this earth are numbered while OBL runs around free.

    December 8, 2009 at 6:29 pm |
  224. Barbara, New Port Richey

    Pretty simple to me Jack: Use it to pay for the health care!!!

    December 8, 2009 at 6:30 pm |
  225. jack moore

    use it wisely....

    December 8, 2009 at 6:30 pm |
  226. Mark - Arkansas

    Jack, 200 Billion should be spent to do whatever it can to put people back to work, food on the table and a roof over the head of americans. The previous admin. spent 10 Trillion dollars and yet, what do we have to show for it except for 2 wars and over 6,000 american soldiers (most under the age of 40) who are no longer here with their children and families. We could have taken that 10 trillion and paid for health care for all americans for the next 100 years. That 200 Billion is part of the 10 trillion spent by the last admin, and i'm glad democrats are in charge now because its the only way I see myself, as an american, getting any benefit of that money.

    December 8, 2009 at 6:31 pm |
  227. andrew in pinehurst, nc

    Jack,

    If the 200 billion dollars isn't used to pay down some of the debt or fence in Washington, whichever would be more beneficial to our nation.

    December 8, 2009 at 6:31 pm |
  228. C. Farrell, Houston, Tx

    Just give me $1 billion and I don't care what's done with the rest.

    December 8, 2009 at 6:32 pm |
  229. Bernie

    I was raised to save money I had left over, so since this is our money we're talking about I want it back.

    December 8, 2009 at 6:32 pm |
  230. Liz in Tacoma

    If you have any influence Jack please let Obama know we need to get our people back to work and not depend on that TARP money! Please get the economy moving again!!!
    Liz in Tacoma

    December 8, 2009 at 6:32 pm |
  231. Michael Pattinson

    TARP money available?
    Give it to small businesses immediately. Trickle down economics does not trickle as the rich hoard the cash. Give it all to small business for job creation and expansion NOW. It is time that the biggest heist in history gets turned around.

    December 8, 2009 at 6:32 pm |
  232. Randy Salazar

    Pay down the national debt. They want us to spend responsibly but the administration and congress are spending our borrowed money at a rate that is staggering.

    December 8, 2009 at 6:33 pm |
  233. Spanky in Chicago

    I think you should give it to me and I'll make sure it gets used wisely. Wink Wink.

    December 8, 2009 at 6:34 pm |
  234. TERRY DELOUGHARY

    It's laughable to see Republicans concerned about the debt. When has that ever been their concern? Certainly not when they have control. Start with Reagan, who inherited a trillion dollar debt which had taken the previous history of our country to accumulate. He doubled it in his first 4 years, and added another trillion in the next 4. Pappy Bush promptly added one more T. Bill Clinton was a piker, and only added chump change. Balanced some budgets, even. W got it back into gear, then into overdrive and took us to Eleven Trillion Dollars of DEBT by the end of his 8 horrible years. I ask: Which is the party of fiscal discipline?
    Terry DeLoughary
    Bark River, Michigan

    December 8, 2009 at 6:34 pm |
  235. Will, Maryland

    Isn't what the president planning to do with the extra funds exactly what the the Republicans would like to do themselves. Provide financial assistance to small businesses in order to spur job creation. What's the problem with that?

    December 8, 2009 at 6:38 pm |
  236. lkr

    We wouldn't do anything wrong if that extra money was used for jobs. Doesn't the congress realize that their are so many people who are in need of a job? It would still help pay down the debt, because people would be paying taxes. Congress does not know what it means to scrimp to keep your family going as they get paid no matter what.

    Lou

    December 8, 2009 at 6:40 pm |
  237. Chris in Philadelphia

    Crazy thought... pay off some of our bills.... before we incur new ones. It is what the rest of us must do.. why not the government.

    December 8, 2009 at 6:42 pm |
  238. Homeless D

    Is this a trick question?

    Jack, you KNOW that until we borrow the 200 billion from china, it is not even "real" money!

    To do anything with it is just like cashing a check at one of those payday loan places, and then depositing the cash into your bank account to cover the check!

    IT'S NOT REAL!

    December 8, 2009 at 6:47 pm |
  239. Musole(moo-so-lay)

    you know who was left out of the bail out, students ( perhaps I am a little biased in that I AM a college student) but yeah, i think thats an area some of that TART dough can be used.

    December 8, 2009 at 6:50 pm |
  240. Ericka

    Since there is such a debate about the president's intention for this money. Why don't we just give it to the Republicans so they can spend it in their next Tea Party.

    December 8, 2009 at 6:50 pm |
  241. Ellie Guthrie

    Use it to pay down the national debt. The government cannot create wealth in this country without taking out of the economy first. This TARP money was taken out of the economy (our pockets) to begin with

    December 8, 2009 at 6:53 pm |
  242. Adam Simi Valley, CA

    Pay off the Debt. We need to stop treating this like a credit card that we need to max out. The rest of the TARP money was grossly ineffective and nothing can be gained by flushing another 200B down the drain. Having said that i am sure Obama will lobby to somehow get it into union hands, but we need to pay it back and change our course.

    December 8, 2009 at 6:53 pm |
  243. Raj

    How about giving $1000 as shopping voucher to every family in the country. People can do their holiday shopping and it will also help the hurting Retail sector.

    December 8, 2009 at 6:54 pm |
  244. Bruce - Delaware

    Give it to the states.

    December 8, 2009 at 6:54 pm |
  245. Mike in Quebec

    You think the dept is a measly 12 trillion,,,? That's a media total. The debt and obligations are closer to 50T, why won't you guys report the truth about the debt? I mean....why not tell the truth?

    December 8, 2009 at 6:55 pm |
  246. Ruby Nissley

    The money should def. be used to pay down the incredible debt ,we have acquired!! More then tripled since the Obama admistration took office. If I lived like the gov. does, I'd be in bankruptcy!!
    Ruby- CO

    December 8, 2009 at 6:55 pm |