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October 08, 2008

Candidate proposes direct mortgage buyout

If it were true that he would do THIS--which I doubt--it's a pretty good idea.

Why do I doubt he's serious? Because he also said,
McCain: We obviously have to stop this spending spree that's going on in Washington. Do you know that we've laid a $10 trillion debt on these young Americans who are here with us tonight, $500 billion of it we owe to China?
That's pretty much meat for conservatives, who love that verbiage. But McCain can't be serious. Mortgage buyouts + military + entitlements + keep the Bush tax structure means ENORMOUS deficits. Contradiction!

I'm beginning to trust Obama on this. He at least does mention that some spending and some increased tax rates on income above $250,000 are on the table. That's a much, much more serious proposal. Obama's line about how both he and McCain can afford to pay was a great one.

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