The state of Kentucky is sinking $5 million into a program to loan up to 1,111 first-time home buyers up to $4,500 each at very favorable terms, Gov. Steve Beshear announced today via press release. This comes in addition to the $8,000 federal tax credit created in the federal "stimulus" bill. 
My question: if giving home purchasers $8,000 is good and subsidizing them with $12,500 is better, why should we stop there? Is this enough for taxpayers to contribute to home purchasers? Is it too much? How would we know?
Wednesday, April 22, 2009
"The biggest barrier to homeownership?"
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"why should we stop there? Is this enough for taxpayers to contribute to home purchasers? Is it too much? How would we know?"
The same should've been asked of the Republican-controlled Congress that gave Enron $250 million when it paid $0.00 taxes. Congress no doubt was paying Enron back for the campaign contributions it made to Congressmen and women.
"Nothing exposes the fraud of deregulation — which was promoted as a means to lower prices and improve products and services — more than how workers and consumers have been played by the energy giants.
"Enron was founded in Houston, Texas, in 1985, as an energy supplier. But the building of its empire happened in Washington, D.C., where its executives showered both parties with campaign donations — a total of $250 million since 1989.
"In return, Enron won the appointment of corporate insiders on government boards such as the Federal Energy Regulatory Commission and the lifting of rules governing the industry. The deregulation law most responsible for Enron’s climb to become the country’s seventh largest company was the 1992 National Energy Act." http://www.socialism.com/fsarticles/vol23no1/Enroneconomy.html
At least homeowners will pay taxes in contrast to Enron who didn't.
And why is it OK to give Enron taxpayers' money, but not OK to give taxpayers' some of their money back?
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