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Conservative fiscal responsibility – RIP

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I’m not a McCain fan, but I’m pulling the lever for him in about four weeks for a few reasons that I’ve mentioned here at Conservative247. But when the Republican candidate spouts off that he wants to use $300 billion in federal tax dollars to go out an buy homes we’ve got a problem.

What’s even worse is McCain suggesting the secretary of the Treasury should buy all of these houses, sell them back back to the people who could not afford them – at a lower price. Actually, it’s not a suggestion, it’s a policy statement.

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Paid too much for your house? O’Biden’s gotcha covered

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There is a bunch of debate analysis available on the Web, but there is one answer that I wanted to review this morning. The question concerned the Bankruptcy Abuse Prevention and Consumer Protection Act, which set specific standards concerning the ability to file Chapter 7 or Chapter 13 bankruptcy.

O’Binden wants to allow courts to adjust both the interest rate on mortgages as well as lower the total principal you owe on your loan if you’re having trouble paying your debts. Who the heck do they think they are? Who’s going to pay the difference?

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