U.S. Senate candidate Todd Tiahrt said today it's time to halt TARP, otherwise known as the Wall Street bailout program.
All unobligated TARP funds remaining after Dec. 31 would be applied toward reducing the national debt, Tiahrt, a Republican, said. It is estimated that $200 billion in unspent TARP funds could be returned to the U.S. Treasury.
“All too often Washington is viewed as a national ATM for bailing out failed companies,” said Tiahrt. “We must end this unnecessary spending of taxpayer dollars on bailouts and failed so-called stimulus programs.
"In the past year, we have seen the federal government bailout Wall Street, the auto industry and insurance companies among others. And Democrats are now marching toward a federal takeover of the health care industry.



