Nevada’s Stimulus Projects
Stimulus Watch has built a website that details each state’s “stimulus” projects. Nevada’s totals $1.5-billion, not including the Peidtrain.
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The “End New Mortgage Lending In Nevada Act”?
Nevada Assembly Speaker Barbara Buckley today unveiled a plan that could curtail new mortgage lending in Nevada for many years to come – by empowering people who don’t pay their bills to cheat the people from whom they’ve borrowed out of their money. Read about it here.
It’s already tough for a working person to get a mortgage, with some lenders requiring 30% down. This doesn’t seem like a government action that will reassure lenders their money will be safe, and may induce them to increase the down payment requirement.
Washington Hands Us A Bucket
I cannot more highly recommend this graphic, from the Washington Post.
Short Tempers So Soon?
According to the Las Vegas Sun, Bill Raggio has taken Assemblyman Ed Goedhart to task over Goedhart’s failing to support the Raggio’s tax hike agenda, saying he should be more straightforward.
A closed mind will not help us reach the compromises that, whether you accept it or not, are part of the legislative process.
In the future, if you want to give me a message or talk with me, be a man…
Raggio won a GOP primary against Sharron Angle last year on his promise to not raise taxes, but has since “opened his mind.”
This Raggio mind changes state so fast, only Dr. Edgerton could capture it.
Washington Policy Laid Bare
Many of us have feared this for many years.
And here it is.
It’s in a letter from the Congressional Budget Office to Wyoming Senator Judd Gregg, and it makes clear that the federal government plans to take from the working (actually, the grandchildren of the working, since we’re talking deficit spending) and give to the “underemployed.”
A dollar’s worth of a temporary tax cut would have a smaller effect on GDP than a dollar’s worth of direct purchases or transfers, because a significant share of the tax cut would probably be saved… However, the predominantly lower-income households that spend all of their income and would like to borrow funds to spend more if they could [known as 'liquidity constrained' households] probably spend a large share of temporary boosts to income,”
Here’s the complete letter.
