I provided the link. It tells you exactly how much - in the hundreds of billions - remains outstanding from the TARP loans. For many years, extra money from the paychecks of the working poor has been collected by the Social Security program and accumulated in a special fund. This fund has stashed that surplus in US Government bonds of a kind - bonded USA government debt - against the time when the Baby Boomers retired and these bonds could be cashed in and used to cover the extra demands they would make. That time is now. The bonds are paid out of general revenues - income taxes and the like. If they are not paid, they are defaulted upon - that's the US government defaulting on bonded debt. All that money the working poor suckers paid in extra, for all those years, turns out to have been in effect a retroactive income tax hike of substantial size. To repeat: In this case, the US government would refuse to allocate money from its general tax revenues to repay the money it borrowed from (sold bonds to) the Social Security trust fund, money which had been supplied in the first place by a different tax stream dedicated to that program (the "payroll" deduction). The Social Security administration would then be forced to reduce or suspend its benefit payouts, or make other adjustments, because the US government had defaulted on those bonds now held by the Social Security administration. It's the Government - general revenue, income tax and all that - in bonded debt to the Social Security Trust Fund - special purpose payroll deduction, not funded out of general revenue. I never said the US government and country hadn't benefited - in some comparatively small ways, of course, considering the alternative uses of those hundreds of billions of dollars and the downside of consolidating the banking industry still further - from TARP. The question was whether the bailout monies had been fully repaid, and the answer is no - there are hundreds of billions still out on ostensible loan. I agree that US tax rates on rich people are very low. But I lack your confidence in the ability of the US to increase them substantially - enough to pay for the current debt of 17 trillion. That is not an abstract economic questions - of course it would be economically possible without great harm, and probably it would be of serious and significant benefit. But that doesn't mean we can actually do it. And if we can't, that debt pile is a serious problem. One thing it can crash is Social Security, for example. We have to raise taxes on rich people's incomes to cover the bonded debt to the Social Security Trust, money already paid into that Trust by wage-earners to cover the Baby Boom retirement crunch and loaned to the US Government general revenue funds at interest and for a limited time. Bonded debt.