18
Jul
08

Washington Math: The housing bill looks to spend $750,000 per home “saved” from foreclosure.

Congress is looking to spend $300 billion dollars on a bill that, according to their best estimates, will save 400,000 homes from foreclosure. For those of you scoring at home that’s $750,000 per home saved.

Either this is a millionaire housing bail-out bill or there’s some other stuff in there they aren’t talking about. We know there is thanks to CEI, but for this kind of money that’s just the tip of the iceberg.

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