Reply to There is no housing bubble in the DC area so get over it

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[quote=Anonymous][quote=Anonymous]
Oh, and if this low interest rate situation doesn't infuriate you, you don't know much about how our government is financing this operation. It's taxpayer dollars, which means, like it or not, you and I are supporting these artificial home prices. Money doesn't just "come from somewhere else", everyone (American man, woman, and child) owes aprox. $50,000 in taxes over their lifetime thanks to the stimulus package. Unless you're happy just forking over $50k without a say in the matter to support those who overbought on their homes, you should be mad too. Quite frankly, if you're not mad, you're either dumber than a bag of rocks, or you're not paying attention.
[/quote]

Your understanding of economics is truly pathetic. If I were you I would refrain from posting on the subject until you attain at least a basic grasp of econ 101.

1. The stimulus package was around $830 billion, so less than $3000 per American. Do the math!
2. Money does "just come from somewhere else" - it is printed by central banks. Research fiat money.
3. The low interest rate situation results from monetary policy decisions by the Federal Reserve, not from spending decisions by the Federal Government. In fact, it is saving taxpayers a huge amount of money by reducing the interest owed on government debt.

Quite frankly, if you're mad, it is either because you are dumber than a bag or rocks, or you are simply nuts.[/quote]

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