Slobbering Barney Frank has been busy lately. Last week he proposed the idea of relaxing regulations on the sale of condos. This week he wants to use TARP money to put poor people into housing. See, banks participating in TARP have to pay dividends to the Treasury. So far those banks have paid $5 billion. So now Barney Frank comes along and says, "Hey, I know how we can spend all of this money!" Certainly not to stimulate the economy, Barney, and not to pay off some of the debt you're running up either.

So here's Barney's plan. He has introduced legislation that would use $1 billion of those dividends in order to give rental housing to the poor, poor pitiful poor and to urban outdoorsmen. Here's the plan ... the $1 billion would be put into something called a national housing trust fund. This fund has apparently already been created ... it was done when the government decided to takeover Fannie Mae and Freddie Mac. So Barney has the fund .. but no funds. Now Barack Obama's 2010 budget calls for this fund to receive $1 billion, so Barney's plan is just a way to make that happen. That's just the beginning, folks. That's just "seed money." The goal would be to put $150 billion over the next decade into this housing trust for poor people. That's a "15" with a pant-load of zeroes behind it.

Stay tuned! That's not all ... another $1.5 billion of these TARP dividends will be allocated to state and local governments to help them redevelop abandoned and foreclosed properties.

It keeps going. Barney Frank also wants to use some of the TARP money itself, not just the dividends. He wants $2 billion in TARP dollars to go toward an emergency mortgage relief program. Then another $2 billion in TARP dollars would create a program to help people cope with foreclosures on multifamily properties. All of this would be run by the Department of Housing and Urban Development.

We're never going to pay any of this money back my friends, not while the Washington Barneys see ways to use it to buy votes.