All posts › economy
-
Bank Bail Outs - Happy Birthday TARP
A sibling breaks down the three major TARP programs on their fourth anniversary, showing that while bank and AIG investments returned a profit to taxpayers, the GM bailout remained billions underwater due to bankruptcy proceedings that controversially prioritized union claims over other creditors.
-
On the Fence
A sibling makes a data-driven argument that federal spending well above its historical 20% of GDP average has put the country on an unsustainable debt path, warning that rising interest rates could eventually crowd out all other government priorities.