How much can the federal government throw down the housing money-pit in one day? Around $26 billion as Congress approved more tax breaks for home buyers last Thursday as the governments love affair with Fannie Mae continues. This mistress asked her lovers for another $15 billion to stay solvent. But take heart, Fannie promises them that one of its objectives is "protecting the interests of taxpayers." (Source WSJ)
Hmmmmmmmmmmm.
Tax payer ignorance is bliss. But Congress had better learn that most of America is not in the traditional blissful mood these days. All politicians lie when making promises they know they cannot keep. Maybe the traditional "blissful" taxpayer is taking notes and names.
I hope so.
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