Taxpayer Assisted Recreation Plan. A program that allows incompetent executives of banks, insurance companies and investment firms to live in luxury on public funds while railing against the evils of "socialism".
Thanks to TARP, failed executives can have all the perks formerly enjoyed by successfulones. What a deal!
TARP (n), an acroynym originally known as the "Troubled Assets Relief Program" in which the US Treasury provided tax dollars to ailing financial institutions without any linked requirements or accountability. Tarp may also be used as a verb, to tarp, which implies an action or activity void of accountability.
I don't feel like working so I'm going to the beach and tarp all responsibility.