Homeowner's Hurt Again

I'm not sure where you got the 1.25%, but the whole temporary tax holiday looks questionable.  A fee is generally to support the activity, in this case guaranteeing a loan to Fannie and Freddie.  The alleged fee, however does nothing to support the guarantee.  Instead, it is whizzed away to the treasury with no stipulations whatsoever on is use.

The fee is not a fee, but a tax and nothing else.  You know, tax is the thing that the weasels said they refused to raise.  Although it isn't really a tax on homeowners, but rather a tax on borrowers, it will serve to dampen the spirits of the few remaining citizens who have not understood the administration's message.  We must evolve to a nation of renters who only move about on wind-powered public transportation. 

Tim, any increase in taxes on buyers or homeowners will hurt the economy especially the real estate industry.

Tim - you are right on - we just have to keep spreading this message - what they are doing is NOT working!.  Thanks for getting the message out there. 

Smoking Mirrors, that is all they are spending time on in and I will never understand why nobody there is capable to communicate what is really happening. I do not care if it is a D or an R or whatever, just stand up and show all those people who still do not get it the NUMBERS..... Math does not lie...

Tim- It is totally disgusting. The status quo has to go. But watch out- they also ( bi partison) want to get rid of the internet as we know it, they like how China can just "turn it off". So while we want more accountability, they want to stop us from demanding it. 

Boehner also has to go. He is spineless and caved in. He also hurt the GOD we voted in last year because he knew they would never go for this deal so he pulled a Pelosi on his own party, made sure the vote was to be held when the nay votes could not get tickets back to DC.  Katerina

Our Government has to be voted out and voted out now, the clearly don't care about the people and this vote clearly proved that.

Social Security has SOME issues, but could be easily fixed with a slight increase in the income ceiling.  The real burden is medicare and medicaid, but why must you lessen the impact of an argument with the boiler-plate, "lets get rid of the Endowment for the Arts, PBS' etc?  They are minuscule expenditures in comparison to the above mentioned social programs.  Seriously, do you know how much is spent on the Endowment for the Arts and PBS?

BTW, the dems wanted to pay for the payroll tax break with a very slight increase on taxes for the wealthiest of Americans...which the republicans wanted no part of and why there wasn't a deal for longer than 2 months.

Ahhh, the now popular red-herring argument of "if you tax the rich at 100% it will not..."  Nobody is suggesting the wealthiest get taxed at 100%, but it sure makes for a good soundbite!  We have a tax system where the people who make the most money are now taxed at a "real" rate below those in the middle class. Tell me there isn't something wrong with that picture.

The real solution is a complete overhaul of the tax system in America and significant cuts in the budget, including defense.  But, it'll never happen since the problems with medicare, taxes and defense spending affect the three most power entities in Washington, namely, the military, seniors and the wealthy.

BTW, I'm NEVER offended by political debate.

Thank Tim and Georgia.

We have a lot of problems that do not get solved by putting our heads in the sand.