The Deficit Commission’s Trial Balloon: A Few Good Ideas, and Two Horrible Ones that Deserve to Die
Most of the readers have gotten off-track. Regardless if mortage interest deductions should or shouldn’t be allowed, it’s the law and removing it is a way to raise your taxes and steal more of your money.
Why? Because the government spends too much. Instead of lookig for more to keep or expand government, we need to cut government. Reduce the budget to estimated expected revenue levels – %20 and make it work. Cut salaries or depatments. Reduce workforce and reduce the time Congress is in session…and pay them accordingly. More time for our Congressmen to read bills in the foo-season so they no what they’re voting for. Stop all susidies and grants.
For the ignorant fools who want to blame home owners for buying too much home, I can afford my home comfortably now but couldn’t if interetst wasn’t deductible and tax rates stay the same. If you think Canada is great, move.
