Tuesday, October 18, 2005

Denny Hastert's Sound Fiscal Policy

I got your fiscal policy right here, baby.
    The program administered by the Small Business Administration directly lent $1.2 billion to companies that made specific arguments about how their businesses were hurt by the suicide hijackings in 2001. Figures released by the agency last week show that $245 million in SBA direct loans have been charged off or liquidated or are at least 60 days delinquent.
Wherever you stand on this, it's a very complicated mess, resulting from a complete lack of oversight, and political reaction to gigantic fiscal problems.

Are we up to Clusterfuck IV™ yet?

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