Bad 'mortgage'

Posted Monday, Mar. 25, 2013  comments  Print Reprints

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Lawrence O'Donnell on MSNBC has been dragging panel after panel of guests through his show asking them, "Don't Republicans get it? Everyone runs a deficit. That's how we buy houses in this country or haven't they noticed? We get mortgages. It's like the personal national debt."

At the end of each month, I am closer to paying off my house than the month before. Not deeper in debt. There is a term to my mortgage, so one day I will not owe a penny. Each month, more of my payment goes to principle and less to interest. The bank would not have given me a mortgage unless I could prove I could pay it back, and I was not allowed to borrow money for the down payment.

His whole panel sits and yucks it up, laughing at everyone that doesn't get their analogy. Then lawmakers were letting people buy houses they couldn't afford because it was "everyone's right to home ownership." It caved in.

Why are liberals referred to as "activists" and conservatives referred to as "radicals"? Their view of this is pretty radical to me.

-- Tim Marron, Grapevine

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