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Reply to "We're doing a mortgage refi at 3.75% -- someone tell me why that interest should be deductible?"
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[quote=Anonymous]You implied that China would dump it's treasuries and rates would skyrocket. You say it is happening, which is somewhat true, but I wouldn't call it dumping. They are selling a portion. So where are the sky high rates? I just think there are misconceptions out there that need to be challenged. Also, I don't think we are broke. This country has plenty of money. You are right that we do need to get the government budget in line. You are right that we have to pay more taxes. I am ok with getting rid of the mortgage deduction in a responsible way. I also think the wealthy need to step up. I think we need a sensible health care plan instead of the current approach of only giving health insurance to healthy people then dumping them into medicare when they turn 65. Finally, we really need to create jobs and invest in education, science, and infrastructure so we have skilled and talented taxpayers in the future. [/quote]
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