Originally Posted by jgw
Let me try again. I think what is being talked about is a government which is lending your tax dollars back to you and charging interest on that loan. This continues to confuse me. I am against this as I think its just wrong as well as not particularly bright in all sorts of ways.
Which is why I have NO PROBLEM with my loan going away. The interest on my loan is 9% and is 4X principal right now. Never has one penny gone to principle on my loan.

My loan is 28 years, nine months old. My monthly payments are currently $529.84 each month. The only "good" thing about my situation is that I am able to deduct this monthly payment on my taxes every year.

Contrarian, extraordinaire