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The Onion Reports: Mitt Romney Terrified What Will Happen if He Stops Running for President

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Killgore Trout11/15/2012 9:13:57 am PST

re: #448 Obdicut

He’s using the same logic that people use to say that they don’t want to make more money because they’ll be taxed more highly. Sure. It’s still a net benefit. There are corner cases where it might specifically be inconvienient in the short-term.

And oh hey, it looks like Killgore is even more wrong:

If it’s mortgage debt, then it doesn’t count as income.

Nor does it if it’s student loans.

That only counts if you go through the foreclosure process in the courts. Debt forgiven outright, even if it’s mortgage debt, still counts as income.