Apr. 8th, 2009

romeosolo: (Default)
Will,
The post I was going to reply to, where I found that you had banned me and removed me as a friend was one where you've been drinking too much of the "republican" koolaid again. You don't count me as a friend any more, so I don't have to worry about offending you again. I don't consider the current leadership of the party to be real Republicans, as they've tossed the core values out the window in the name of greed.

Your post was that you didn't think you should get help buying a house and have the debt from helping be handed to your kids. If you looked at the actual changes to tax law which are giving you that help, it is already paid for by balancing out other areas.

You see, the changes that are giving you the extra help is being balanced out by reducing the tax benefits for people on their investment properties. As someone who owns two houses, renting my old one out till I can sell it without taking a huge loss, I receive less benefit from owning that house. But even that isn't enough to fully balance the benefit you are getting.

My Dad, who pulled his money out of his 401k to invest in rental properties is having even more money for each one after the second owned property go to taxes. My Dad doesn't even have a dozen properties, but he's going to be paying more than enough for the benefit that you're getting, but likely two or three more.

My Dad, who is a die hard, traditional Republican, who raised me on the core values that have been part of the party since the time of Lincoln, not only didn't complain, but praised the move. Not only as a smart move for the country, but because the current administration is removing the tax loopholes for all those people who flipped houses. Those loop holes not only were a way for the rich to get richer without much difficulty, but caused the overinflation of the prices of houses and led to the current situation with the mortgages and banking systems collapsing.

The debt that might find its way to the next generation isn't caused by the money you're getting to help buy the house. Most of that debt is carryovers from the tax benefits given by the last administration. Benefits for the top couple of percent that created a lot more debt for the rest of us. Wars that didn't include diplomacy, but did include a lot of no bid contracts and wasteful spending, not to mention no holding the corrupt responsible for their actions. Pallets of cash, billions of dollars, literally walking away? That's just a small portion of what waste has happened.

You may not like it, or want to beleive, but Obama is holding to traditional Republican values more than any currently sitting Republican senator or congressman. The value closest to the heart of the traditional Core Values? Responsibility. Not this twisted view of "fiscal responsibility" which has been used as an excuse to give more tax breaks for the wealthy, more no bid contracts. Responsibility for all that one does and says.

Responsibility is the heart of everything he's doing. You can take that to heart and hopes that the trends he's starting, from appointing people to position to having contracts be reviewed to get rid of wasteful spending, or you can stick with Rush and those "Conservatives" who have flat out said they want him to fail.

Your choice.

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romeosolo

September 2010

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