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Monday, February 6, 2012

Payroll Tax Cut Financed by Hidden Tax on Home Buyers

It's not exactly a state secret that the housing market is in the worse shape it has been in since the great depression so why would Washington raise borrowing costs to make housing less affordable? Washington did this asinine thing so it could buy votes. Washington sold future home buyers down the river so both parties; Republicans and Democrats, House, Senate, and White House could come before the television cameras and announce that they had reached a bipartisan agreement to extend the payroll tax cut. The home buyer in this video will pay an extra $9500 over the life of her mortgage.

As usual Sharyl Attkisson of CBS News blew the whistle on this skulduggery. If it were not for Ms Attkisson nothing bad would ever get reported about Washington.



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