Rep. Paul Ryan (WI), House Budget Committee Ranking Republican, wants Americans to know the truth behind recent claims made by General Motors (GM). GM and Obama Administration officials have said that the automaker's bailout has been fully repaid to the American taxpayer but this is not accurate. As Ryan said in a recent statement, "the automaker simply transferred $6.7 billion dollars from one taxpayer-funded TARP account to another." Watch Congress Ryan's recent video on this subject:
You can read a letter sent to Treasury Secretary Tim Geithner from Reps. Ryan, Scott Garrett (NJ) and Jeb Hensarling (TX) here.