Snow warns Congress: US government's cash running out
Also See: National Debt Clocks
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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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The best way to get the housing market thriving again is to drop prices to the point where supply equals demand. Home sellers might not like it, but it's good for buyers and it's great for Realtors.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
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2006
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March
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- The Mica Condo Developers Must Love Me
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- Ask Yahoo: How many "homeowners" own their homes o...
- Corner in Northern Virginia
- Who is to Blame?
- As Expected Fed Raises Rates to 4.75%.
- 'On the fringes of Brooklyn, some doubts creep in'
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- Half a House in DC
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- US government's cash running out
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Raise the debt ceiling, huh? My credit card provider (Bank of America-MBNA) raises my personal debt ceiling almost every month. My current debt limit is $24,600 for credit card charges. Not bad considering that I only started with $2,000 limit back in 1998.
ReplyDeleteI guess Congress will have to do the same for our free spending government.
It's too bad I can print my own cash to pay off my car. It must be nice to be Uncle Sam.
ReplyDeleteThe title of the original post is 'US Government's cash running out'. I disagree. When you're 8 trillion bucks or so in debt, you're cash ran out a long time ago.
ReplyDelete