[Gaffer]

If you don’t think this is coming, you’d better stop dreaming. I heard this on the radio this morning about the things Obama was saying about the hard choices coming and some of the ‘taboo’ hands-off deductions. It is coming as sure as Evil runs this country right now.

[Alberta's Child]

Congress may modify that mortgage interest deduction (maybe it's phased out over time, or is eliminated for future mortgages while interest on current mortgages is still deductible), but I don't see them eliminating it outright.

The truth of the matter is that the mortgage interest deduction isn't a very good government policy to begin with.

[GYPSY286]

I was laid off in 2004 - worked temp jobs (1/2 salary) for almost 2 years before landing a great job. Paid my bills/mortgage but was often late since I had to wait two paydays to get enough to pay the mortgage since my salary was so low. Knocked the crap out of my credit score. From 2006 till now, paid all my credit accounts off and haven’t been late on a mortage payment for well over 2 years. Applied for a general purpose loan to get a new furnace - was denied - guess why? INSUFFICIENT CREDIT!!!!!!!!!!!!!!

[Soothesayer9]

"I heard this on the radio this morning about the things Obama was saying about the hard choices coming"

I heard this too, and a few weeks ago on Fox he was spewing his spiel about making "hard choices" later this year AND next. I would not put it past that SOB to raid people's 401Ks to prop up Social Security.