"WASHINGTON -- Oooops! When Congress and the White House put together the recent bipartisan $150 billion economic stimulus package, they raised the maximum mortgage limits in high-cost areas for Fannie Mae, Freddie Mac and the Federal Housing Administration. But lawmakers neglected to include a similar increase for the government's primary home purchase program for veterans -- VA-backed loans."
"Department of Veterans Affairs declined to discuss the matter, saying in an e-mail that the "VA cannot comment on why Congress crafted the (stimulus) in the manner in which they did.""
Ken Harney, http://www.dailyherald.com/story/?id=147883&src=118
Thank a homeless Vet.
Friday, March 7, 2008
Everything will cost more...
Stimulus money is on the way!
If consumers have or can borrow so much money that they try to buy more goods than can be produced by plants running at capacity, this spending only bids up prices and makes the same amount of goods cost more.
If merchants and others try to increase their stocks so as to profit by the rise in prices, they bid up prices further.
If consumers have or can borrow so much money that they try to buy more goods than can be produced by plants running at capacity, this spending only bids up prices and makes the same amount of goods cost more.
If merchants and others try to increase their stocks so as to profit by the rise in prices, they bid up prices further.
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