Wednesday, March 24, 2010

Think Things Are Better?

Our Treasury Secretary doesn't think so:
The federal government should continue to have a role supporting the mortgage market after Congress restructures or winds down mortgage-finance giants Fannie Mae and Freddie Mac, Treasury Secretary Timothy Geithner told lawmakers Tuesday.
....
Mr. Geithner said that unlike other markets, housing could require sustained government support given its size and potential ...

And the money to sustain this support will come from....?

Remember, Obama just passed a huge tax increase to pay for his health care monstrosity - surtaxes on "high earners", taxes on unearned income, not to mentioned the increased burdened on businesses and the states.  This is in addition to letting the "Bush tax cuts" expire.  How many bullets are left in the "increase taxes" gun?
And yet the demands for government spending just keep pouring in, and will keep on pouring in as the democrats systematically continue to hobble the economy while it tries to recover.

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