blog, ask the money coach joining me right now. this is a red flag for so many people around the country and as we come up on the end of the year. who benefits most from this deduction? well, homeowners, of course. if you re a first-time home buyer, that s been a huge encouragement to jump into home ownership as opposed to renting. higher end owners, people who have luxury homes, high-end, 500,000, $600,000 homes, if they have jumbo mortgages, they ve been able to write off the interest on those properties so that definitely benefits. that s one of the arguments that people are making for making this tax break go away. they are saying, listen, it s subsidizing, by and larin large because the most common home mortgage is under $200,000. so let s go over this. the makt for everybody out there, i want to put it up
you would think america might want to expand the franchise and makt easier to register to vote, but instead, many states are adding burdens intended to disenfranchise millions of voters who would probably vote democratic. we refer to this as voter i.d. its true name is voter suppression from casting a ballot. this reminds me of a segment we did earlier when talking about the fact, there are no swing voters the parties are trying to cultivate, so the goal is to just appeal to your base and try to keep down the turnout on the other side and that s what the republicans have done as you point out, in state after state, with these laws and i think you re right. calling them voter i.d. laws glosses over the fact that s not their true intent. you make a strong case, but what strikes me is sort of knee jerk public opinion. this is important on how laws
do you think the tea partiers in the house would vote to raise the debt ceiling or hold the line? i think they re going to hold the line. you know, we ve got hundreds of billions of dollars in just simple waste and fraud in the government that nobody is even addressing. we have spending out of control. we have a debt crisis because we had a spending crisis. the politicians up in washington went on a spending spree that would put the desperate housewives of beverly hills to shame. you tell us the debt ceiling won t get raised? there isn t package the tea partiers would agree to unless ilts holding the line on the debt ceiling and we default on our bills. default is not all the makt. it s running up the limit on your credit cards. it wouldn t affect the credit? they say this will hurt the credit of the united states big-time, and it s going to hurt interest rates, unemployment
cuts. let s say you don t have any revenue increases. do you think the tea partiers in the house would vote to raise the debt ceiling or hold the line? i think they re going to hold the line. you know, we ve got hundreds of billions of dollars in just simple waste and fraud in the government that nobody is even addressing. we have spending out of control. we have a debt crisis because we had a spending crisis. the politicians up in washington went on a spending spree that would put the desperate housewives of beverly hills to shame. you tell us the debt ceiling won t get raised? there isn t package the tea partiers would agree to unless ilts holding the line on the debt ceiling and we default on our bills. default is not all the makt. it s running up the limit on your credit cards. it wouldn t affect the credit? they say this will hurt the credit of the united states big-time, and it s going to hurt
default is not all the makt. it s running up the limit on your credit cards. it wouldn t affect the credit? they say this will hurt the credit of the united states big-time, and it s going to hurt interest rates, unemployment will rise? you don t believe any of that? if we keep paying it, service on the debt right now is only about 6%. we can still service the budget even with the budget cuts. i m going to take you for face value. let s say you re exactly right, mr. phillips. ezra, how does that play out? it s not right. we can t go through it that way because if you do it like he s talking about, he s right we could pay off the interest on the debt. we will lose $154 billion in that month. that is a blow of 10% of august gdp. that is a new recession. very well put, but how they vote is how they vote. essayihe is saying there s no w