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Government

After a successful trial run that boosted home sales and brought buyers back to the table, the government has extended the $8,000 first-time home buyers tax credit through June 2010.
 
Now it’s not just first-timers who are benefiting — the president also signed off on a new $6,500 tax credit for existing homeowners who purchase a [...]

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Cash for Clunkers tax rules have been falsely rumored by many people on the Internet and I want to clear it up for anyone who already took advantage of this program. The truth is that the Cash for Clunkers income is not taxable. It doesn’t matter if you received $3,500 or $4,500 and [...]

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Imagine for a minute that you know two families – both have similar household income and both started out with nothing in their bank accounts. Now, let’s assume that one family (we’ll call them DebtBag) likes to keep up with the jones. The family starts to buy million dollar homes, multiple Mercedes and [...]

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What’s the deal with the Cash for Clunkers Program? Within four days of starting, the program’s $1 billion dollar funding is already depleted. Then the next day, the house quickly rushed together another bill to add an additional $2 billion funding to be voted on this week. Since many of you emailed [...]

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The government seems to be doing everything it can to re-inflate the housing bubble. Artificially low interest rates, loan modification programs, first time home buyers credit are just a few of the initiatives aimed at attracting more demand. These programs have no doubt worked, as home prices are showing signs of stability.
On the [...]

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Last week when we talked about Obama’s proposed health care reform, there were more concerns about the government running the program than the core initiative of every American obtaining medical coverage. Certainly, this is sparked by our experience of government wastes and inefficiencies but why do we have to feel that way? Why [...]

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A hot agenda in the Obama camp these days is the up and coming health care reform. Yet for some reason, the media isn’t giving it the needed attention it deserves. Did you know that the cost of our health care system is the most expensive in the world? Let’s explore this [...]

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I hesitated before I wrote this piece because it’s so obvious, but we need to remind everyone again and again until we finally complete the implementation. We need to incorporate basic personal financial education topics into our educational curriculum.

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Being the largest government program in the world and eating up as much as 23 percent of the federal budget, the Social Security is a system that most Americans either love or hate. If you are receiving benefits and depend on the checks that come through regularly, you appreciate what this program does for [...]

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Out of all the coverage of the Bernard Madoff fraud, the one headline that really puzzled me was the point in time when they were negotiating a house that the lawyers claim belonged to Madoff’s wife. It would seem to me that every asset the family owns came from the ponzi scheme, especially since [...]

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California is a beautiful place to live in since there’s no shortage of pacific ocean views down here. The gorgeous surroundings and year round perfect weather have attracted many who want to buy a house here. During the last decade, this went to the extreme as home prices went through the roof..
I frequent [...]

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This is a guest post from Manshu, author of OneMint.com who started writing articles when he was majoring in finance.
With the economy reeling under a recession, the word that you read quite frequently is stimulus. But what is it? First, let’s explore a few terminologies: recession, GDP, consumption among others.
A recession is characterized by [...]

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Now that it’s been a few weeks since our new president passed the $787 Billion Economic Stimulus Plan, it’s easier to get more details on exactly how it’s broken down. Did you know that $217 billion is allotted for state and local governments? Many of our president’s speeches touted the infrastructure and investments [...]

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I was reading an article by Fortune magazine about the TARP funds and one fact caught my eye.  Did you know that the TARP application is only 2 pages?  I mean, is it 2 separate pages with fields on the front and page of each page?  Then I found the official TARP form, and all [...]

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