Quote:
Originally Posted by TheMercenary
You can't ignore the TARP, Bail out of Fanny and Freddie, and the Recovery Reinvestment Act. Those three things pushed the deficit over the edge.
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TARP spending was phased out in FY 10.
I never said you can ignore ARRA ...but that you were incorrect to suggest it was the primary cause of the increase in deficits.
And again....the biggest single piece of ARRA contributing to the deficit are the tax cuts.