"The mortgage-debt tax relief provision in this bill will provide financial shelter for tens of thousands of Californians who have lost their hopes and dreams in the housing market crash, and it's about time we gave these folks a helping hand," said state Sen. Ron Calderon (D-Montebello).
Ha. Nice. The people who should not have owned homes in the first place, who bought because everyone else was buying, who got their mortgage forgiven because they couldn't pay for the mortgage, are getting more financial relief? They caused the system to fail, yet they get a do-over from everybody? I also like how it was put -- "who have lost their hopes and dreams". What about the people who didn't buy into those false hopes and dreams?
And I guess that the state of California, on the verge of bankruptcy, can afford to give these people more money, since they're taking even more from people who are actually working, who actually earn money, and whose taxes keep going higher.
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