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The economy is bad. so bad that the formula that increases property taxes every year since 1979 has hit bottom. In fact, property taxes will be going down for many people, with revenues going down--giving government less money to waste.
The reporter, as expected, did miss another major point. With so many homes in foreclosure, and with so many homeowners barely able to stay afloat, we will also see a much higher delinquency rate--money not sent to government.
Another area of reduced revenue for government.
Thanks to bad policy by government, government is being squeezed--this is a good thing. Less money for the corrupt and incompetent to waste.
More...
The reporter, as expected, did miss another major point. With so many homes in foreclosure, and with so many homeowners barely able to stay afloat, we will also see a much higher delinquency rate--money not sent to government.
Another area of reduced revenue for government.
Thanks to bad policy by government, government is being squeezed--this is a good thing. Less money for the corrupt and incompetent to waste.
More...