How many of you are watching the US Govt spread money around the economy and wondering where this money is coming from? Then you realize it is coming from our pockets. Governments do not generate revenue, they tax their citizens.
Although I laud the attempts to prevent a complete financial meltdown in the end the taxpayers are going to pay for all this generosity. The problem I have with the recent attempts to 'fix' things is that the government thinks lending is the answer. How short sighted - that is what got us in this mess and the majority of folks who want to borrow money are the ones who can't pay it back now. How will lending them more money help?
I am also irritated with the mortgage alteration plans - I have a mortgage, it is small and paid on time but the rate is a bit higher then market rates today. When do I get my rate lowered?
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