Wednesday, July 23, 2008

Whatever you're having yourself

In the legislation going through the US Congress to help clean up the housing debt binge --

It includes about $15 billion in housing tax breaks, including a credit of up to $7,500 for first-time buyers, and increases the statutory limit on the national debt by $800 billion, to $10.6 trillion.

How were householders expected to behave responsibly with the biggest mortgage of all being taken out at 1600 Pennsylvania Avenue, secured with the future tax revenues of the country?

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