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November 6, 2009

Down with the home tax stimulus extension II

The New York Times gets it right on extending and expanding the homebuyer tax credits, which will probably cost the country another $15 billion.

If Congress wants to spend the taxpayers’ money to do something about the struggling housing market — and it should — it should invest the money where it is most needed, in better programs that help people avoid foreclosure and stay in their homes.
Posted by Jay Hancock at 8:09 AM | | Comments (1)
Categories: The Great Recession
        

Comments

voters wanted change, but not inflation and freebees we can't afford.

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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