Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 91

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/Los_Angeles' for 'PDT/-7.0/DST' instead in /home/rpt5015/public_html/include/Modules/Statistics/Attendance/Broker.php on line 113
"RPT" for Congress (50+1) - Social Security & MediCare
"RPT" for Congress (50+1)
Richard Torregano (Louisiana's 6th Congressional District
Title
Proposals
President's Initative
Issues
Press Releases/Letters
YouTube Links
Donations
Social Security & MediCare
Jobs
Housing
Health Care
Coastal Restoration
Flat Rate Tax
Glass-Steagall
The 2nd Part
Social Security & MediCare

I have a plan that could (and should) save Social Security and MediCare. My proposal would provide long-term funding to offset the deficits in Social Security and MediCare.  I propose that the Federal government provide non-amortized, home mortgage "T" bond loans for funding middle class home mortgages. The interest made on the bonds would be used for funding the deficits in MediCare and Social Security for the long term.

A non-amortized loan means that the amount of principal and interest would be equal for the entire loan (15 years or 30 years or etc.) rather than having a huge portion of the interest paid in the first portion of the loan as in an amortized loan. This would also keep some homeowners from being under-water on their mortgages since they would have more equity in their homes sooner. More equity in their homes sooner would spur sales in the housing market and could help bring back the entire housing industry...

However, banks are not going to like this idea, but you should and will. You must realize how much revenue the banks are making on amortized loans. The government will not be making any less or more money on the loans. The amount of interest will be the same whether amortized on non-amortized, only that the interest will be paid back at regular and equal payments. But now the interest from the loans will go to the federal government, in a special account only for Social Security and MediCare rather than to the fat cats in the banking business.
 






Title
Proposals
President's Initative
Issues
Press Releases/Letters
YouTube Links
Donations