Quote Of The Day

“You can get a government cheese 30-year fixed-rate mortgage at 5%. Five percent!!! Have you seen the deficits Obama is running? Running deficits at 13% of GDP is not consistent with low long-term interest rates. Taking out a 30-year-fixed is the best way for individuals to short the Treasury. By the back half of your mortgage, you’ll be paying it off with Monopoly money. Or Zimbabwe dollars. And if that’s not enough, you get an $8000 tax credit just for taking the free money.”

“If Obama and Bernanke are going to bankrupt my country and destroy my dollar, I’m at least going to get a free house out of it.”

– W.C. Varones, PoliPundit.com



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