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"You people". Wow, Zeke, I thought you knew better.
By this logic, "the government" should just make things much less complicated and just give lots o' money out to anyone who asks for it. They'll spend it, that'll stimulate the economy. And let's eliminate the mortgage interest deduction, that'll be helpful, especially for the real estate market.
You're ignoring my points about the ripple effect of individual home purchases, the wide range of economy-stimulating effects of tax deductions and the negative cultural effects of such actions. I answered your questions, but it's clear you're a little too angry to have a reasonable conversation here.
Here's the good news: You're going to get your way. Enjoy.
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No Mac, I am not ignoring anything. Every dollar that the government puts in the hands of the working poor, or UE insurance or even welfare gets spent.....to stimulate the economy.
But you label all those giveaways as "free stuff". And hate that it happens. I am simply pointing out the hypocrisy of those that hate that some get "free stuff" when mortgage holders are being given one of the most costly free give aways in the tax code.
How come you don't know this stuff? What business is it of the governments if I buy a house. Why should I be rewarded for doing that? Just because it helps "stimulate" the economy. Hell under that idea, the government should send us all a big check for something. Look how much stimulation that would bring.
Either people like you are interested in cutting the deficit by closing tax loopholes or you are not. I just get tired of seeing the working poor get hammered for doing the exact same thing you and I do; take advantage of the tax code.
If it's the government dollars in the first place, then it's 'given' to Americans, and then circulated, what's the point? Why not cut out the middle man and let the housing market fall into a smoldering heap?
Just print 85 billion plus X (X= sum of free stuff) a month?
That's working
-Geaux
dude, do you even own a fuking house? And a "mobile home" doesn't count unless you took the wheels off and skirted the bottom.