Monday, November 16, 2009

Cash for Cars and Houses

So now we know the cash for clunkers actually cost $24K per vehicle. This was so successful that we now have cash for new home buyers, but wait there is no reliable way to tell whether someone is buying a home for the first time and worse, the law did not give the IRS the authority to demand documentation that a home had been purchased at all. When the Treasury Department investigated the checks being passed out they found out 19,300 claims had not purchases homes yet; 74,000 clains were not first time buyers, and more than 580 claims were made by taxpayers younger than 18 (one as young as 4). This amounted to about $504 million in stolen taxpayer money.

So what is next, cash for ? How about cash for knitters, you know how expensive yarn is these days, I want some quiviut at $90/ounce, so how about divvying up that leftover porkulous money for us knitters, I promise it will be put to good use and yo can be assured we will spend the money for yarn.

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