Apparently, it’s business as usual in Washington. We should know better by now, once these crooks find a way to grab a big chunk of public money, they are not going to easily give it back. At least 13 Democrats are starting to see that they are an endangered species and voted in favor of the amendment to stop the Treasury Department from releasing the $300+ billion that still remains.
To be clear, this amendment was to be attached to the bill boosting the federal debt limit by another $1.9 trillion!
WASHINGTON — The Senate Thursday killed a Republican attempt to shut down the Wall Street bailout program.
The defeated proposal would have barred the Treasury Department from releasing any funds remaining from the $700 billion bailout passed last fall. It would not have affected repayment rules for banks and other recipients of bailout money.
GOP Sen. John Thune of South Dakota, who sponsored the amendment, said repealing Treasury’s bailout authority would block Democrats from using the money to finance spending legislation such as a promised “jobs” bill. Thune said about $320 billion is still available./p>
The proposal garnered 53 votes, more than half of the Senate, but fell short of the 60 votes required to adopt it under the agreement by which it was afforded a vote. The majority vote probably means it won’t be the last time the senate debates the issue.
“The American people, I think, have made it clear that they’re tired of the bailouts,” Thune said.
via Senate rejects GOP bid to end TARP payments – 1/21/10 – San Francisco News – abc7news.com.
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