Why do I have trouble believing that 97.72% of the $34.2 Billion in capital has been repaid in its entirety plus $810 million in interest as of the time NPR "reported" the story? Noticeably absent from the "reporting" is how much of the principle has been repaid in addition to the $810 million in interest. Might there be a reason that pertinent detail is nowhere to be found?
One of those questions that just keeps you up at night. If the funds used to pay back these $34.2 Billion in loans comes from federal grants, has the money really been paid back or has the program cost the taxpayers $68.4 Billion instead of $34.2?
Thanks Z - looks like about 16% of the principle has been paid back thus far and at least some of the loans have 20+ years left to pay back the principle owed. Question remains, if the loan is "paid back" with federal subsidies, actual subsidies, not tax exemptions and tax credits, but actual subsidies such as federal grants, has the loan actually be "repaid" or would the term "bailout" be more appropriate?
Last edit: 14 Nov 2014 11:46 by PrintSmith. Reason: Correct spelling errors.
Ahhh yes, the "low energy" society, collectivist code for lower standard of living for everyone. More energy than that is only required for such mundane things as economic growth to sustain the ever growing human population, but other than that, we really don't need it.
I think the author listened to Lennon's "Imagine" one (hundred or so) too many times . . .
