Increasing borrowing costs will lower house prices

Dec 23rd, 2011  
by IrvineRenter  in Library News

Astute Observations

Astute Observation by Anonymous
2011-12-23 10:44 AM

Homebuyers to pay $4,000 more for payroll tax cut
http://lansner.ocregister.com/2011/12/23/homebuyers-to-pay-4000-mor-for-payroll-tax-cut/156197/

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Astute Observation by lee in irvine
2011-12-23 11:33 AM

I read on the internet this morning that the US Debt now exceeds 15 trillion dollars.  At the top of the US housing bubble at the end of 2006, the US Debt was 8.5 trillion.  Taxpayer bailout dollars at work.

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Astute Observation by SanJoseRenter
2011-12-24 01:28 AM

Well, you’re looking at a trillion dollars per year deficit plus a trillion for each war (Iraq and Afghanistan), so there’s your $15 trillion.

What most people don’t realize are the following facts:

1) Bush promised the Iraq war would pay for itself by pumping oil out of the ground (didn’t happen)
2) Worse, no American oil firm won the bidding for post-war oil production.
3) The American Army has worn out all of its tanks and helicopters in the Arab sand. Virtually every self-powered weapon will have to be remanufactured after returning home. There’s another trillion in post-war costs.

(Both the M1 tank and the Apache helicopter require extraordinary amounts of maintenance to function, even without operating them in sand. The Apache spends more time on the ground in maintenance than flying.)

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Astute Observation by newbie2008
2011-12-24 11:18 AM

Don’t worry be happy.
Most can’t do math, so the public will not feel it.  The children will think that that just the way it is and always has been.

Just keep having president, Fed and Congress saying “it’s Bush’s fault or the Chinese’s fault.” 


The sheeples will return to their pens for the culling.  15 trillion now. 20 trillion tomorrow.

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