Kurt Ullman writes:

In article , Dan Espen
wrote:

Makes the mortgage more affordable.
In effect the mortgagee can pay more to the bank than he could
otherwise and the banks asset (the house) is more valuable.

I repeat, "Mortgage deductions serve multiple purposes
but one of them is welfare for banks."

Why do I have to explain such simple things?

Because they don't make sense economically? Under this scenario, then,
SS is really welfare for the banks because people spend the money using
their credit cards.

Interesting how you just turned
"multiple purposes but one of them is welfare"
into
"is really welfare".


Does SS help out banks? What do you think?

--
Dan Espen