Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: ggamer who wrote (87391)	9/30/2008 4:11:53 PM
From: Dan3	Read Replies (1) of 116555

Re: I think the government should allow people who saved their money for rainy days to pay off their mortgages at a discount. Government/Banks get the much needed funds. Good citizens get a discount on their loans. Win win situation! What do you all think???????????? It's a lot more fair than the current plan, and you would then have funds available to spend elsewhere, which would stimulate the economy, but what about renters? It's quite unfair to them. It also would take a while for it to help small businesses. I like the speed and evenhandedness of a FICA tax holiday. It could be implemented very quickly, and would help businesses as well as consumers. If it were backdated, and refunds were sent out, it could help small businesses that are in trouble make their next few payrolls (that seems to be the big bugaboo that's being pushed as justification for the wall street bailout).

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