Quote:
Originally Posted by buggyone
"Pay off the populace with mortgage deductions"? I honestly don't understand that statement. Aren't mortgage interests deductible right now?
I do see that you are beginning to believe that President Obama probably will win in November and you are starting very early to rationalize (downplay) that winning.
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This is what I was talking about. I skimmed it earlier this week on one of my scouting missions for another story and forgot the specifics of it. Obama wnts to spend upwards of a Trillion Dollars to refinance mortgages IN HIS REELECTION YEAR. It's a great grandstanding ploy which I'm sure he hopes gets his reelection votes from all who are helped by this plan which amounts to a tax cut of long duration. It would affect 30 million borrowers, and of course their families.
I know you're going to be "over the moon" on how this helps so many people and why am i against it and blah blah blah blah blah.
Anyway, this trillion dollar scheme is what I was talking about.
Good thing he forced in his new Treasury Secretary, who he claims has full powers even before a Senate confirmation hearing.
http://www.freerepublic.com/focus/f-news/2828828/posts