The whole reason government can spend your money willy-nilly is because of a misinterpretation of the "general welfare" clause >>> http://www.capmag.com/article.asp?

I have reached the conclusion that I should refinance my house and pull out 40k equity (I have 55K I could pull) through a government refi (at 95%) my broker told me about at 6% for 30 years making my new payment 730 and saving us 470 a month.

Even if they decide to adjust assement values lower due to lowering price all they will have to do is bump that take rate a bit higher and still collect the same amount.I can't see the government take a big hit in the tax department.

There will be a formally regulated global economy possibly Government in 10-20 easy.from anouther post;"Socialist - yes, parts of the economy are now being socialized.

There will be a formally regulated global economy possibly Government in 10-20 easy.

Ive been looking on sites such as realtytrac & foreclosure.com, as well as government sites & lender links that sell REO's.

Throw in the employer sanctions law (allows the government to revoke a firms business license if caught knowingly employing illegals), and there are very few jobs for illegals.

Huge corporations like GE or governments -- state, county and city -- rely on liquidity in the credit market to grease their wheels.

Unfortunately these type of government hands outs are abused more often then they are used for good.Time to end the free ride for some people.

If a plan passes where the government shells out a bunch of money to write down principal and adjust rates to get people out of trouble what will happen to the rest of us?