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A good plan to save our economy

Bullhauler

Well-known member
You who wants less government thinks this is the way to go? The only way this would ever be even remotely possible is if all of the banks were nationalized. If someone can't pay their mortgage taking a year off sure isn't going to help them any. They will just have another year of interest built up with no increase in equity.
 

Steve

Well-known member
Bullhauler said:
You want a quick plan to stimulate the economy just drop the capital gains tax for one year.

often lowering any tax would help... but the capital gains might not, as you have to be able to sell it first.. so with sales flat.. no capital gains exist to be taxed. .

what I don't understand is why the dems don't go back to their past plan.. no down payment or low down payment, low interest home loans to those who could barely afford them..

even if it fell apart in a few years like the last one... only 20 to 30% of the loans would fail,, even at 40% it would take 60% of the homes off the market... and excess home supply would have been moved though the system.. and a better plan could be made to deal with the projected defaults,..
 
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