-XBAR- said:
We need reallocation moreso than cuts. I think people forget - or never learned- that debt isn't a bad thing. Show me a entity w/ substantial cash reserves and Ill show you an entity w/ a grim future. The lowest investment return is interest from a bank.
how do you personally reallocate your money to those in need?
apple computer has a little bit of cash as do many other companies. their future sure seems grim.
lots of people who got liar loans had debt and that was a bad thing. it was created by clinton, enforced by reno, attempted to curb by bush, yet barney frank and his ilk said we needed more debt.
3,2,1... glass steagal comment.
in my opinion, the 20% down should never have been reduced. it did more to raise the cost of housing than anything else other than an exemption for interest on taxes, the very opposite effect of the stated goal, which was to increase home ownership, particularly to people who couldn't afford it, but in reality, the goal was to create artificial demand to raise property taxes to finance government. people don't need to cry, they just need to figure it out.
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