« Ooops! Ice Ice Baby! | Main | Brother, Reading This? »
February 22, 2009
Sunday Noodling
There are a couple things troubling me at the moment. While I am absolutely sure there will be MORE things, these are gnawing away. And I'm out of bellini mix, hence nothing to do but brood.
The first thing is something major dad overheard being asked on CNBC and there was no answer forthcoming from the Congressperson to whom it was addressed:
What happens to the proceeds of these refinanced/bail-out mortgages when home values go up ~ as they will eventually ~ and the previously distressed home owners who availed themselves of the government largesse expect to sell at a profit?
"Hey! It's MY house! I pay the mortgage!" (No, excuse me ~ WE payed your mortgage...)What about that? Have they even thought of it? The folks who are busting their collective tookusses to keep up with the obligations of their lives have sure as hell thought of it.
Then there's the question of being laid off from a job (or experiencing a critical income squeeze, ie., partner job loss, severe compensation cut-back, etc.), but managing to throttle back enough to meet your obligations as you should. You're just making due, but. You can't stop...
...wondering ~ come April ~ what magic cloud the dough's supposed to drop from that will pay an additional IRS obligation, if owed?
And lots of folks owe anywhere from a little to a buttload by the variability of their income stream. Is the Geithner Daschle "Cabinet Secretary" Rule in effect yet? (I think the blackguard in charge of the Treasury is morally obligated to give us ALL the benefit of an extended payment plan, 'cause at least we'll pay it.)
And what happens to the "stimulus" projections when tax receipts tank? That what was withheld during '09 may be all that's in the pipeline, regardless of what Turbotax says you need to write a check for? (Unless, of course, you've got Geithner's Daschle's a Turbotax "Watch Me Pull a Rabbit Outta My Hat" version.)
Then what happens to the whopping $65/mth if you do have a job?
Do they take it back?
Stuff like that really bugs me.
Posted by tree hugging sister at February 22, 2009 06:04 PM