lily i couldnt agree with you more,some of the american people try to buy champaigne on beer wages and then get into debt then want to rely on someone to bail them out or just say ,whatever my credit sucks anyway. thing is credit or morgage companies want their money,just like you would want your money if someone owed you.

"they have equity in their homes that they can take out an equity line of credit, and pay the taxes."

Wrong... not all people have equity in their homes.

So, becoming more indebted to a bank (Debt is a form of slavery in case you didn’t know) is your solution.

I never said we should give homes to people. That would be Socialism. I'm saying if a man or women works their butt off and Pays OFF THIER HOME TO THE BANK (VERY AMERICAN AND VERY FREE INTERPRISE) they should not have to keep paying on that home TO THE GOVERNMENT.

I HATE SOCIALISM AND ALL THE OTHER ISM'S OUT THERE JUST AS MUCH AS YOU DO.

and it's not like you don't pay your taxes and a week later your house is on the market, you have a TON of time.

Goall- tell me do you own your home?

Speak for your self me and my junk have an understanding...It's us against the world forever and always.

If your home is paid off that is PURE equity.... Get your facts straight....

I don't hate socialism, but you can't live in a society that caters to both, that's all I'm saying.

So if you are saying that once a home is paid off you should not pay taxes on it, how do you propose that the schools are funded, the roads get paved, ect ect.....

What is your solution to this?

Credit is why crap cost so much in our country. Credit has ruined a lot of lives. Credit was very rear in the 1970's and people could pay off a home loan on an average wage with in a few years. Not 15 years and 30 years. Credit made the cost of everything rocket up. The demand of everything increased and so did its cost...duh. Middle class generations before ours saved their money and only bought what they could pay for at the time. Big purchases like homes and cars were invested in and saved for. CREDIT IS THE ENEMY.

AGREED.

However, how do you propose to stop the cycle?

Sorry, did I say you didn't do those things? I simply stated take it to a more public forum if you want people to hear the issue and solution...so far I see an issue and absolutely no resolution. You want my two cents on the issue, we pay taxes to fund numerous causes most notably the war...less known is the school system, road work (you know, when you have gigantic holes in your road) and public works (water systems, energy alternatives and public transportation). The majority of the taxes are taken to the war, with a minimal percentage being set aside for public works and a bit more for schooling (which is up since about 6 or so years ago).

The problem is we're paying outrageous amounts in taxes to fund a war that not many people agree with, some taxes are necessary while others are null...the war I think is null, while public works among other taxable resources are necessary.

Really, is that why people that bought their homes for $190.000 and now find that their homes are only worth $130,000 cant get a loan?. Check your facts hun.

Credit is SOOOOOO overrated. Seriously. People live their lives doing all they can to keep their credit rating high. If they don't, then "Oh my god!" I won't have five credit cards, each with $10,000 or more for a limit, and that would such cause then I can't go buy that $3,000 rock for my wife to keep her ass happy. I used to stress out about it, cause I was told that I needed it. Honestly, other than to buy a home, you really don't have to have it. But we are conditioned to believe that we do.

You can save up, put a ton of money down for a down payment on a vehicle, and any dealership will get you financed for the remaining amount. I knew a guy who proved this. His credit was crap, yet he wanted a Nissan Titan, and so he walked in and put $7,000 down on it. Told them to work with his crappy credit and help him, and when they saw the down payment, they all but went the distance to do so. Might not have been the best APR, but when you put down a ton of money, you do get better results from lenders.

Okay. Rant over. Vote for McCain in 08. Yup...I am plugging my candidate.

FLAT TAX.

It's still equity if it's paid off, please look up the definition of equity....

Simple solution is tax-cuts, but that only works for so long before the country needs to money for funding. A pro-long solution is doing away with some taxes while keeping the major taxes around, unfortunately that would keep the government in the loop but it would do away with debt. Credit is a whole other issue, one of which I'm not that familiar with. Though a resolution would be to do away with it, I can't see that happening...so maybe a reconciliation of credit would be a more appropriate proposal to make it more consistent and compatible with your average working population.

So you DO believe in socialism then.

and why should I be penalized if I chose NOT to own a home? Why should I pay a tax like that based on MY choice to NOT own a home?

I agree with Lily on this one, flat tax is a horrible idea...you're pretty much putting everyone in one group, and being as diverse of country as the US is that simply wouldn't work. While doing away with silly taxes would work but it would be a very long process. Flat tax would simply put the country more in debt then it already is.

And here's another thing you don't understand... If I purchase a home for 190K and the property value decreases to 130K...MY TAXES GO DOWN....

Did you know that the Federal Reserve is a private bank? It is no more federal than Fed Ex is. Not one dollar of your federal income tax goes to any government cause. Your federal income Tax money and mine goes to the federal reserve(private bank) to pay the interest on all the money that the U.S. government barrowes (ON CREDIT) FROM THAT PRIVATE BANK.

CREDIT IS THE ENEMY AND WHY IS THE U.S. GOVERNMENT INDEBTED TO A PRIVATE BANK???????????

Look it up it’s all true.

A FLAT TAX covers all. It's one tax and it's not socialism.

Please look up the definition of socialism....