TARP cost Estimate Cut to $25 billion?
Posted on December 2nd, 2010
It's a TARP - Get it?
Finally a government program with cost estimates LESS than projected.
The $700 billion Troubled Asset Relief Program is estimated by the CBO to come in at $25 billion dollars.
At the time, if you remember, it was billed as a gift and we were out the money. However, due to repayments and other fortunate events, most of the money allocated has either not been used or has been repaid.
AIG and the auto industry are costing about $45 billion whereas the other aspects are giving the taxpayers $20 billion of profit, for a net of $25 billion cost.
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