Reverse Mortgage Guide

AARP, a strong reverse mortgage proponent, is taking part in the stimulus package debate.

Bill Novelli, AARP’s CEO, has issued a statement in response to a federal economic stimulus proposal offered by Senate Finance Committee Chairman Max Baucus.

Please read it, and then consider the questions which follow:

“Chairman Baucus understands that Americans of all ages are feeling financial pressure and can play a role in stimulating the economy.

“In addition to tax rebates, the Baucus stimulus proposal would help approximately 20 million older Americans who primarily depend on Social Security for retirement income. This plan would also enhance unemployment insurance, which is especially important for older workers who have a more difficult time finding new employment after a job loss.

“The Baucus plan improves on the House proposal in two key ways: it puts money into the hands of people who will more quickly put it back into the economy, and it targets those Americans who need it most. It is more timely, targeted – and fair.

“Over the last two weeks, leaders in Congress and the Administration have shown us what is possible when they break through partisan gridlock to solve our nation’s problems. We hope that they continue this bipartisan spirit and act upon the improvements in Chairman Baucus’ fair and effective economic stimulus proposal.”

How many of you agree that the stimulus plan, if enacted, will prevent a recession or reduce the severity of a recession?

How many think the stimulus package may actually encourage inflation?

Will the stimulus package, if passed, help or hurt reverse mortgage borrowers? How?

Please enter your comments below.

This entry was posted on Monday, February 4th, 2008 at 3:30 pm and is filed under Reverse Mortgage . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.