Weren’t other posters giving us a hard time when we suggested that the economy is benefitting from massive numbers of people who suddenly have no house payments? I’ll have to find that thread…[/quote]
That’s right. I think it was FormerSanDiegan that explained his point of view and I understood it. However, in the immediate sense, money that is being spent into the economy versus their mortgage is keeping the wheels moving.
In any case, I remember saying this a long time ago when someone, I think TG, was mentioning how the economy wasn’t so bad and lines/wait were long at restaurants. I think that was the first time I said something about if one isn’t paying the mortgage, they can afford to go out to dinner.
In the end, we the taxpayers are propping up consumers who are buying things rather than paying their mortgage. Everyone paying taxes, pat yourself on the back!
