debt ceiling: Spending Cuts in Washington could prolong the real estate depression! More BS. - 07/31/11 07:58 AM
I totally disagree with Tony on this. Increasing taxes will affect the housing market more than cutting government spending. Lower taxes means more discretionary money available. The government has increased spending by about 40% in less than 3 years. Cutting it back by the small percentage that is being proposed will still keep the spending too high.
Home prices have dropped in excess of 50% in many communities.  The average drop is closer to 38% at this time.  The most stable buyers have been people on the government payroll whether federal. state, county or city.  In fact, the public was upset … (5 comments)

debt ceiling: Geithner, U.S. Treasury About to Borrow From Pension Funds - Private Sector Executives Would Go to Prison for This - 05/16/11 04:47 AM
Treasury Secretary Geithner stated that starting today he would not be funding 2 government employee funds in order to increase borrowing. If a private sector company executive announced this there would be screams and lawsuits and that executive would likely end up in prison. So this guy who can't use TurboTax to file his taxes correctly (and gets away with it) will now get away with something else the rest of us can't.
All the while he is whining about raising the debt ceiling, yet, the administration that he is part of will not make real cuts in spending.
This is … (8 comments)