[quote=SK in CV]
Not quite. The same arguments can be made against military funding. Build a hungry war machine, and then find wars to fight, and it’s never sated. Every year, more than enough to fund all of the health care reform, and unlike health care reform, will never decrease the deficit. More than every other country in the world combined.
But for this revised program, they haven’t allocated any more money. The funding for this, and previous HAMP programs all came from original TARP money.[/quote]
My point is that, since majority of the voters are home owners, those who want to get reelected will want the keep this group of voters happy. Decline RE price won’t keep this group happy. So, they’ll do whatever they can to get RE to go back up again. Successful or not, they’ll keep on trying. That’s not considering that RE decline will reduce the amount of tax $ they can collect as well. Which mean less money they have to spend. Maybe I’m just too cynical now, but I don’t see them stopping trying to get RE to go up again until they’re successful.
