A Real Fix for the U.S. Economy

I think I've got it.  All those brilliant intellectuals in Washington, and those wiser still on Wall Street, have missed "the answer" - and it involves zero socialism, zero new taxes, and massive economic stimulus. 

I'll OWN more.
The government will OWE less.

Check out my WIN-WIN-WIN plan.

My home mortgage is backed by Fannie Mae, thus, the U.S. government.  If the government is essentially the owner (risk-taker) of that mortgage, then, by extension, the debt really belongs to the taxpayers.

If I don't make my payments, the taxpayers will have to.  What's interesting about this is that I am also a taxpayer.  

So, I'll just allocate future tax payments to retire this mortgage debt today.

What does that mean?

The government can take that debt off its books - WIN.
    Less liablity.
    Less risk.
    Stronger dollar.
    No high interest payments.

I can take my mortgage debt off of my own books - WIN.
    Less stress.
    Higher standard of living.
    More flexible.
    No high interest payments.

Then, I can use the $1200 a month I would have been paying on the mortgage to further "stimulate the economy" (take trips, start businesses, buy toys, give to charity, invest in the markets, etc.) - a move that would have 12 times the impact of the recently passed Economic Stimulus Package - WIN.

End results:

• I own my house, free and clear, immediately.
• The government (taxpayers) are less in debt, and pay less interest.
• The economy can grow faster because of my increased spending ability, meaning that both the people and the government can grow richer, faster.
• Instead of passing down a liability to my children (government debt), I can pass down an asset (a paid-off house).

Comments

[DanJ]

ANOTHER OPTION: I could sell my paid-off house and buy one that is twice as expensive. I can put all the equity I have down (1/2) and use the $1200 a month to pay a mortgage on the other half. This way, I've got double the house for the same amount of money.

[DanJ]

More economic stimulus? I just heard that the govt. is considering more stimulation for the economy - which must mean more borrowing to infuse dollars into the economy.

I'm telling you, if this insanity keeps up, I might start believing that my post here is actually a good idea.