TARP Archives - Politically Incorrect Humor

Political Memes and Funny Pictures

Question of the Day

Bush, Obama, and Trump used 9/11, the Great Recession, and Covid as excuses to massively raise spending levels, respectively, yet the bulk of spending increases weren’t crisis-specific. As with taxes and taking of civil liberties, the government will always use crises to put through changes the population normally wouldn’t accept. Don’t expect spending to go back to normal levels after Covid calms down. Expect Joe Biden to leave annual spending a couple trillion higher than Trump’s budget in 2019, but it will probably be below 2020 total levels when factoring in “Covid relief” packages and increased entitlement spending (due to more people out of work). Biden can then claim he “cut” spending when in fact he massively increased it. The same technique was used by Obama in 2009. Bush had authorized the emergency trillion dollar TARP program to deal with the 2008 housing crisis, which Obama added in to to set a new baseline spending level. Of course, if they didn’t have such a corrupt, lapdog media covering for them, they wouldn’t get away with it.