RFK Jr. wants to assist first-time home buyers by offering them discounted 3% mortgages, financed by selling tax-free U.S. Treasury bonds.
Democratic presidential contender Robert F. Kennedy Jr. said this weekend that the government should assist first-time home buyers by offering them discounted 3% mortgages, financed by selling tax-free U.S. Treasury bonds.on SiriusXM Patriot 125 with host Joel B. Pollak. The policy is one of several economic policies Kennedy is“I’m gonna give everybody a ‘rich uncle’ — it’s gonna be Uncle Sam,” he said. “I’m going to have Uncle Sam cosign those mortgages.
Critics of Kennedy’s plan suggest that it will increase government indebtedness, contrary to his promise that the program will not increase the federal budget deficit, and that it will cause more homeowners to become dependent on the government.
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