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View Diary: US already has high elder poverty rate, so why are Social Security cuts even on the table? (223 comments)

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  •  That's one unfortunate outcome (6+ / 0-)

    of all the refinancing that's happened over the years. Whenever you take out a new mortgage you go back to all of your payments going to interest and none to principal, and if you take out another 30-year loan then you push back the date when you will actually own the house.

    People considering refinancing have not been encouraged to consider this. It one more instance of widespread bad financial advice.

    We decided to move the center farther to the right by starting the whole debate from a far-right position to begin with. - Former House Majority Leader Tom DeLay

    by denise b on Tue Jan 15, 2013 at 12:44:44 AM PST

    [ Parent ]

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