Now it’s a $1000 tax incentive that we all get to pay (plus, oh, another $10k each I’m sure) to realize the longterm gains we as taxpayers will be certain to receive from the sale of the toxic loans by the federal government to the free market who will be begging to pay the feds a preimium on these loans as the revenue streams flow in like floodwaters from on time mortgage payers over the next 20 years. Duh, where have you been!!
Please note my ticked off sarcasm...
LOLOLOL! I must have been mesmerized by the orations of Obama. ;-)
I'm guessing he could charm folks into begging to pay those premiums!
My friend is one of them. She is jubilant over the $1000 tax 'break'. I can't help but laugh when she says it, which only irritates her. But there's no point in my struggle to inject logic into that conversation. I told her that even if, even if!, it were a straight up tax relief of 1000, that is barely 83/month, or 21/wk, which barely covers the extra she needs to spend to keep gas in her SUV. The look on her face was priceless. (I didn't try to mention that her higher tax rates would negate any benefit..)