Senate Czars (not their official title) reportedly plan to remove the deduction for home mortgage interest among other things. (Item near end of article). More incentive not to buy a home.
5/1/11, "Group of 6 senators hones plan to cut US deficits," AP, Sen. Dick Durbin of Illinois, and Sen. Kent Conrad of North Dakota, the Budget Committee chairman. The Republicans are Sens. Tom Coburn of Oklahoma, Mike Crapo of Idaho and Saxby Chambliss of Georgia.
Kent Conrad has no pesky constituents to worry about as he has already said he will not run in 2012. Saxby Chambliss (R) shows such disinterest in saving America that he was an inspiration for the creation of the Tea Party.
The six have met in private for several months, even as House Republicans and Obama developed more partisan plans that have little chance of being enacted into law
- because of Washington's divided government. "...
"Divided government?" Wasn't it designed to be somewhat divided, in this case the Executive and Senate controlled by Democrats and the House recently controlled by Republicans? When all 3 branches were Democrat in 2010 they could not pass a budget. ed.
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From the article, Czar Saxby Chambliss: ""A Republican plan will not pass. A Democratic plan will not pass," Chambliss said. "It is going to require locking arms and jumping off the building together."Income tax rates would fall, paid for by scaling back dozens of popular tax breaks, including
- deductions for mortgage interest and charitable contributions." ...
Just what this country needs, more incentive not to buy a home. The housing market is already in a depression. ed.
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Publius at BigGovernment.com: "This ‘gang-banging’ seems to be the new trend in the Senate. A few Senators from each party get together and declare themselves Super-Senators over some particular issue. Bit of hubris to believe that some collection of enlightened statesmen can decide an issue for all of us, nevermind their 94 colleagues. Publius would like to know, you know, generally speaking, what are they even discussing? And why are these discussions in private? And, finally, will this plan go through the normal open committee process or just kind of show up one day on the Senate floor.
- Will the Gang of Six tell us we just need to pass their budget to find out what’s in it?"...
Ms. Martin, a software manager by training and part-time blogger,
- was cleaning houses to help pay the bills after her husband's temporary-staffing business collapsed.
They were in danger of losing their home.
As her family's fortunes crumbled, Congress—including Sen. Saxby Chambliss (R-Ga.), for whose campaign Ms. Martin had volunteered—voted for President George Bush's bill
- to bail out the big Wall Street banks.
Ms. Martin was enraged. "It wasn't because the government didn't bail my husband's business out," she says. "Sometimes it stinks when your business goes bad. But it's part of our system.…
- The government doesn't need to come in and hold a business up and keep it from failing."
- in the tea-party movement.
Within months, they became two of the central figures in the most dynamic force in American politics this year."...
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