SCOTTKELLER.org

“People for the most part simply aren’t spending. In the past, spending was fueled by debt and that game is quickly coming to an end. Look at Greece and how their debt was just rated as junk. When you spend too much and take on too much debt, there is a point where it is no longer supportable. We’ve reached that point and the Senate trying to extend tax credits so people can buy homes they can’t afford simply reflects this reality.”  – Dr. Housing Bubble

The Federal Government is attempt to extend their program to trick people into buying houses they can’t afford by “giving them back $8,000. Offering back $8,000 on a $400,000 house is like offering 15 free tanks of gas for buying a $40,000 car. The reason they are doing this? To help the banks mostly, but also to get people to spend money again.

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