patrick.net

Of course: it failed, so it must be extended. This is the logic of any failed policy, especially failed wars: step one, use force; if that fails, use more force. Never admit failure. There is light at the end of the tunnel. The holy War on Drugs (tm) must continue until we have destroyed America in order to save it. Drink the Kool-Aid no matter how bad it tastes.

The Debt Forgiveness Act failed? How so?

CL says

The Debt Forgiveness Act failed? How so?

Oops, my mistake. It helped bail out banks by propping up house prices, excusing bankers for criminal fraud ("robo-signing" as if done by machines, when it was done by humans who should be prosecuted under RICO), while at the same time more than a million families were evicted in foreclosure including more than a million children, and propped up banks keep houses empty while hundreds of thousands remain homeless. What a relief!

curious2 says

There is light at the end of the tunnel.

Call it Crazy says

The Senate (democrat controlled) Finance Committee passed a bill to extend the Forgiveness Act....

Yep, must be an election coming up... they need to "buy" votes.....

It is an election year, so lets pretend to look all surprised that in the face of all that is not well, markets are zooming on up. Housing is back, the stock market has been booming. Oh yea, and it's an election year

Do you all really think this will be extended?

Some men just want to see the world burn.

curious2 says

Oops, my mistake. It helped bail out banks by propping up house prices, excusing bankers for criminal fraud

Wasn't this just the IRS 1099 penalty being extended?