Recent Forum Posts

So How Did We Get In A Mortgage Crisis

The headline from the article sums the cause up quite nicely,
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: Thursday, September 30, 1999
You really need to read the whole article but a few excerpts.
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is [...]

Tax Free = Tax Expenditure

Reviewing a Bloomberg article on the “health-care overhaul” (how come they don’t call it “Universal” anymore?) I ran across the following paragraph that I had a little problem reconciling?
Lawmakers have a plethora of proposals to raise the hundreds of billions estimated to be needed for an overhaul, including new taxes on soda, beer, and wine, [...]

One of Every Six Dollars of Americans’ Income is a Handout from the Government

I was shocked by the headline this morning, “1 of every 6 dollars of Americans’ income is government check or voucher.”  USAToday.com had the whole story,

The recession is driving the safety net of government benefits to a historic high, as one of every six dollars of Americans’ income is now coming in the form of [...]