I was shocked when I saw the title of this article, that is until I saw who had authored it. I thought that the B of A was in trouble for extending credit to illegals, now they want all banks to do the same.
We are already in a credit crunch because the Clinton administration forced the extension of credit to undeserving people who could not afford to repay their debt.
I’ve had a problem with harassing calls from collection agencies for an Hispanic woman who had my telephone number about five years ago. I finally told them that if they stopped extending credit to illegals, they might not have such a problem tracking them down.
“This will put money in the pockets of individuals and grow the economy. And it won’t cost taxpayers a dime.”
And both authors will argue to the end that tax cuts will NOT do that. No, the only way to go is create a phantom tax increase to pull off this sleight of hand. Gotta love liberals, like arnold.