eolesen
Veteran
- Jul 23, 2003
- 15,959
- 9,374
tif mnuchin is saying that taxpayers need to be compensated for relief THEY are giving the airlines, what does that tell you?
There's no language in the Act that says where the funds come from, so can I prove to any standard that you'd accept that's where they came from? Probably not. The Act's language *is* pretty clear that proceeds from airline repayments and profits from ownership warrants are to be deposited into the AATF.
I've spent a lot of time working with finance, and accountants tend to replenish accounts that were borrowed from before they start pumping money into a general fund. There's no good excuse why Treasury would want to pay proceeds into a trust fund other than that's where they drew from. And I'm pretty sure funds were drawn from lots of other sources that nobody wants to publicize because robbing Peter to pay Paul makes for splashy headlines.
there's more comments from politicians that taxpayers are taking the risks for the cares act and need to be compensated.
Yes, politicians certainly are known for their ability to know *all* the details before opening their mouth to make a statement, eh?....
Fact is all Congress critters cared about was huge dollar amounts to be able to report back to constituents on that made them look good. They didn't ask where the $4T was coming from, and frankly they didn't want to know. That's why you'll have to ask Treasury. Execution and funding for CARES fell on them to figure out.
It's a fact that AATF was filled with billions of unspent funds that by law could only be spent for air transportation related purposes. AATF is receiving proceeds. Connect the dots, folks. It ain't hard, but if you'd rather say that ALL taxpayers are funding "bailouts" that aren't bailouts, versus those who bought airline tickets, go for it.
It's amazing that this is suddenly what matters in a thread about staffing levels but hey, it does deflect from all the other crap being spewed around here.