re: #131 EmmmieG

Not true. I think special effort should be made to protect Americans who really had nothing to do with the current crisis. For one thing, efforts to “prop up” house prices though giveaways, artificially low interest rates, etc, are harmful to non-borrowers. Why should they be punished?

And when we have huge deficits, why eliminate tax on forgiven mortgage debt? (irs.gov ) and raise tax burdens for others?

Before we talk about raising taxes, can we at least stop handing out tax breaks meant to prop up one specific market (houses)?