The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: TH who wrote (300637)	12/28/2010 10:51:39 PM
From: Giordano Bruno	Read Replies (1) of 306849

During the recent lame-duck session of Congress, some of the same people who are warning about the catastrophic consequences of the debt turned around and supported legislation that added to the pile. The lame duckers passed nearly a trillion dollars in new spending, including a three-month extension of current government outlays (plus a $1.16 billion boost for good measure), an extension of long-term unemployment benefits and subsidies for pet projects. President Obama explained that this was short-term debt necessary to keep the economy from snuffing out. This kind of debt, he said, is acceptable. But the long-term debt required by obligations for entitlement programs is unacceptable. Debt now is good. Debt later is bad. Got it? politics.blogs.foxnews.com Res ipsa loquitur

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