Ron Paul on the Housing Bailout
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I see the crap happening.22 homes on street and 7 are occupied, the rest foreclosed on.A home was bought for 425,000 and auctioned for 170,000 next door to me.Nice neighborhood.nice squatters too. Rent has skyrocketed..because it can.Choose groceries or rent, not both.They lower gas prices for a minute but give it time they will skyrocket again.The banks get paid for the house you foreclosed on but you will carry that debt on your credit report so that you can wear your red badge of hopelessness
velvett37 3 years ago
We will now be taxed on every credit card we have. If you have a 5000 dollar credit card or even a 10,000 dollar credit card you will now have to add that credit card on your yearly taxes as income. And believe me..the IRS will now have the lawful right to KNOW exactly what credit cards you have and how much you spend on that credit card. They are eating us alive from every point. This bailout will not help the inflation occurring.
velvett37 3 years ago
One Good Man
6782485 3 years ago
He's right, but the alternative is worse. The dollar either has to crash or be bailed out by the rest of the world.
theCommenteer 3 years ago