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Political Factoid
An ultra-conservative has
proposed all existing home
mortgages be required to be
paid off in ten years*
... in order to reduce
the collective debt of the
nation and its citizens.
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Also, that future mortgages be
limited to no more than 20% of
the family's ten-year projected
revenue (i.e., income).
If it is good enough for Americans
collectively, it ought to be good
enough for them individually.
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