As foreclosures are happening and the economy is slowing there is LESS federal tax revenue coming in, not more. The micro picture that those with foreclosures will owe more taxes is far outweighed on a net basis by the macro picture which indicates that less economic activity equals lower revenue.
I am also irked about “my” $1800 “rebate”. In my case instead of them sending it to me and having me send it back, it will not even be issued.
