Housing and Economic Recovery Act of 2008

Just got back from the Rally for the Republic where we discussed and learned about all kinds of economic and political problems our country is facing.

On the way in the house I unloaded my mail box to discover that I'd received and "urgent" notice from my Federal government. It was regarding the Housing and Economic Recovery Act of 2008. I qualify. Is this a happy thing? Hell no. I make over 6 figures a year and the government want's to do the following for me and 400,000 other Americans.

- raising the loan limits to 150% of the conforming loan limit
- must have a mortgage debt to income ratio greater than 31 percent as of March 1, 2008
- It's a federal program so my credit score doesn't affect my qualification
- They've set aside a measly $300 billion for this program.
- I can receive a 10% discount on my new home purchase.

Isn't our Federal Government great?!

The only question I have is "Since we're operating at a deficit, and taxes are not being raised, where is the money coming from?" The link below gives a round about answer that roughly translates into "the reserve banks will create it out of thin air..."

http://tinyurl.com/6jn5ub

I welcome your input. :)