Thursday, November 11, 2010
How about some LEADERSHIP, people.........
President Obama's National Commission on Fiscal
Responsibility and Reform weighs in with their proposal.
Included was a recommendation to begin scaling back the
mortgage interest deduction. Typically, and predictably, the
leadership of the National Association of Realtors (NAR)
immediately attacked the idea.
Full story here. Excerpts here:
"Lawrence Yun, chief economist for the National Association
of Realtors even told the Wall Street Journal that limiting the
mortgage interest deduction would bring on another recession.
"We share the widespread concern over the growing national
debt and want to help identify reasonable solutions,"
(Mortgage Bankers Association chair Michael ) Berman said,
"but we cannot support proposals that would chip away at the
foundations of the real estate market."
Our Country's current economic path does not meet anybody's
definition of sustainable.
Wouldn't it be nice if, rather than knee-jerking a quick "NO", the
NAR would say, "let's put ALL of the sacred cows on the table.
If our Country can be healed by the the end of ALL sacred cows,
we are ready to talk."
A guy can dream, can't he?