Reply #90: The elimination of the mortgage deduction on taxes - [View All]

[swilton]

which I'm sure I don't have to tell you is a major incentive for home ownership - was in the original plan. I'm right there with you Blue - elimination of this deduction as well as cuts in SS and Medicare will pretty much wipe me out. But the broader picture is that it would be a disincentive for home ownership - not necessarily a boon to the economy.

When I saw this video clip of Chambliss and Conrad, I thought that they were waffling and deliberately vague....I don't think anyone really knows what's in the bill - and given the way that the Patriot Act was rammed through, it's anyone's guess...When I heard the Chambliss/Conrad discussion, the first thing that came to mind was 'Voodoo Economics' - they have no clue what hell they are unleashing.

As for the Democratic Party - maybe this is too blunt for DU - but to think that these Democrats (collectively from bottom all the way to POTUS) could run again for re-election and claim to be better than the Republicans let alone to ask their fellow citizens to vote for them and expect a good deal is truly laughable.