Posted on 01/09/2010 11:06:14 AM PST by FromLori
ping
http://blog.atimes.net/?p=1304
http://www.zerohedge.com/article/why-staggering-us-debt-load-sure-prevent-economic-growth
http://www.zerohedge.com/article/lost-decade-jobs
Yeah, poll numbers on RATS to dump even lower. Even more pissed off, bordering or rage, Americans. Even more Americans will be joining the Tea Party movement. Even more havoc heaped on American constituents via their elected arrogant moron.
Welcome to the Twilight Zone of Liberal Insanity.
The new homebuyer tax credit goes away.
I don’t believe this is correct... at least not yet.
Do we still have the tax credit for electric golf cars “LSEV’s” in 2010?
Color me stupid but I thought that the new home buyer tax credit had been extended till the end of May. Due to my particular situation this is a vitally important question to me. Can anyone tell me or point me to a definitive answer on that question? I really, really need to know essentially right this minute. Thanks.
Funny how tax cuts need to be “re-upped” every couple of years, but new taxes are forever... Aren’t we still paying a tax to finance the Spanish American war?
Mark
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April 2010 is the death date for the ‘new homebuyer’ credit.
Important to me as I plan on buying a home before spring.
Thanks for finding that, Lori. It was on my ‘things to post’ list and you knocked that one off for me, LOL!
Hurray! Even MORE small businesses unwilling to expand and hire additional workers just to pad the coffers of the greedy CongressRats!
If anyone doubts my occasional rants about looking at your own personal finances and keeping every DIME out of the hands of these scheisters, I ask you ALL to re-think your taxes and your willingness to pay them without a fight!
Look for unemployment to top 25% (all told) by the end of this year.
We have absolute morons in charge. America-hating, hellbent on ruining us, CRIMINALS!
Sure :)
http://market-ticker.denninger.net/archives/1832-There-Is-NO-Economic-Recovery-Happening.html
Only if people send them a check.
Nahh they know what they are doing. They are Communists in case you have not noticed yet.
NO WONDER MOODY’S IS WORRIED ABOUT CHAOS! Snippet
The Financial Times is reporting ...
“In recent months, some of the brightest minds at Moody’s rating agency have been mulling a fascinating question: should they introduce a formal rating of “social cohesion” into sovereign debt indices, when they judge whether a government is likely to default on its debt – or not?”
“In the past few years, when markets have tried to judge the risk attached to western government bonds, they have typically done so looking at hard macro-economic data, such as projected gross domestic product. Such data, of course, continue to be critically important, given the size of the western fiscal hole.
What is becoming clear is that hard numbers do not tell the entire tale. What will be equally crucial in the coming years is not the sheer scale of debt, but whether governments can implement a rational and effective way of cutting it – and potentially allocating pain – without unleashing (at best) political instability, or (at worst) full blown revolution.
Does a country, in other words, have enough political and social “cohesion” to take truly tough choices, or even rewrite the social contract? “
“However, in the US, the government has less experience of dividing up a shrinking pool of resources. Instead, in a land built by pioneers, Americans prefer to spend time thinking about how to make the pie bigger – or to find fresh frontiers – than about making shared sacrifices.
Thus it remains an open question whether Washington will be able to slash without real political or social upheaval. Signs of tension are already there: Bill Gross of Pimco, for example, this week warned that “our [American] government does not work any more; or perhaps more accurately, when it does it works for special interests and NOT for the American people”
From the article Funding and Patriotism Test on FINANCIAL TIMES
I wouldn't call that a soaking. Congress should never had dreamed up such a pandering tax break. In my book, it is tax breaks for all or nothing at all..
Oh I agree makes me furious we didn’t get a darn thing when we bought homes!
This one was a bit alarming for a moment as it can be read in more than one way. The first way is that the deduction for state and local sales taxes will disappear. That is annoying, but not too alarming. The second way is that deductions for state and local income taxes will disappear. That one is alarming.
I am sure the Dems would love to do that but they would not dare do it in the open. I wonder if this type of thing is hidden in the Obamacare bill.
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