Money Snatchers

Yesterday Robin and I were talking about the implications of a balance-sheet view of the economy’s troubles, and realized that it makes a strong case for using Fannie and Freddie to bring down homeowners’ debt burdens. …

This package is designed to reduce debt that is faced by many people during the collapse of the economy. Jobs were lost and bills became harder to pay.

Fiscal Errors: The U.S. government’s unprecedented spending splurge, with no end in sight, is creating a mountain of debt that endangers both our economy and way of life. Can something be done about it?

AB asked: My wife and depecndent child received their SSN this year. I filed tax return jointly with my wife but forgot to change her (and our dependendent sons) ITIN with SSN number. To receive economy stimulus package can we resubmit the tax return changing ITIN to SSN. Also how this could be done?

Eighteen months into a deep recession triggered by a credit bubble, consumers have made little progress shrinking a mountain of debt. Until they do, the economy will struggle to grow likely for years.

April 10 — Treasury 10-year notes fell for a third week as the government’s sale of $59 billion in debt and signs the economy is stabilizing diminished the safety appeal of U.S. securities.

twisno1 asked: Do they just accept the loss or raise the prices of their goods and pass the tax burden on to the consumer.
P.S. This is a pretty easy question to answer if you have any knowledge of the economy whatsoever unlike most Democratic constituents.

sciencegeek+ asked: well corporate welfare too