What I Want To Know
Tonight’s Kerry/Bush debate apparently has no subject limits. So they damn well better tell me how they plan to address this:
Home Equity borrowing has jumped. People are leveraging high housing valuations to go deeper in debt.
But of course there are “some signs”:http://www.reviewjournal.com/lvrj_home/2004/Oct-05-Tue-2004/news/24917895.html we have reached the peak of inflated housing valuations, meaning some borrowers will never see the equity they leveraged.
Which is really a problem when you consider the almost $500,000 of “government debt”:http://www.detnews.com/2004/politics/0410/05/a04-293851.htm each household represents.
Trouble is brewing. We either need to cut spending or raise taxes. Ignoring the problem won’t make it go away.
What say you candidates?
