[Wiseghy]

“This 100K is probably a combined family income too. So if you make over 50K them you would be considered wealthy.”

Yes, this stands to be repeated.

If you make more than $50K, you and your double income family are now “wealthy” and “doing pretty well”. Good luck paying the ARM on your $500K hovel in CA.

I wonder how many folks will go into default after they get their revised ‘09 withholdings?

[eggman]

Remeber the stimulus checks the government is starting to send out to help the economy. Obama is going to want the money back with interest. And his rates will make the payday loan sharks look like pikers.