Adjustable rate mortgage holders suffer with inflation – Homeowners who have a 30-year adjustable-rate mortgage are in for a big surprise. An inflation adjustment of 2.5 percent on a mortgage balance of $265,000 will result in an increase of the monthly payment of approximately $500.
In May, the Congressional Budget Office (CBO) estimated the annual net interest costs adjusted for inflation on Federal debt between 2023-2032 would soar from $442 billion to $1.2 trillion a year. If inflation grows faster than their estimate interest could consume 33 percent of the current federal budget and become the largest federal “program” over the next few decades surpassing defense in 2029, Medicare in 2046 and Social Security in 2049.
Biden, House/Senate progressive/liberals have deficit spent in the last 18 months 4 trillion which has sparked all this inflation. A further symbol of this socialistic disconnect is the $52B semi-conductor subsidy bill that has mushroomed to $250B creating a slush fund not only for semi-conductor manufacturing but also for the Energy and Commerce departments. This bill will exacerbate more debt, inflation and Washington control.
Just like increased interest payments impacting home buyer spending priorities, ballooning federal interest crowds out public investments that are needed to sustain economic growth and moderate interest rates. The long-term challenges facing Congress and the President are serious. We need to elect responsible candidates who can make hard budget choices that put us on a sustainable fiscal path. Like the homeowner who balances his budget, federal spending needs to be balanced and carefully managed. – Frank Mazur, South Burlington
VTGOP candidates betray real Republicans – The Primary is less than two weeks away. You have the opportunity to make significant change in the Legislature and in Congress this election.
Unfortunately the VTGOP is supporting, endorsing and protecting those who have betrayed Real VT Republicans. Governor Scott has done this so many times you need a calculator to add them up. His 100% rating from planned parenthood is just one of many. Now he has said he will vote for Prop 5, now Article 22 in November.
Benning voted for it twice and in Rockingham a few weeks ago announced he will vote for it again in November. Five Republican State representatives also voted for Prop 5 to advance to the Ballot in November. Beck, Leffler, Sheuermann, Walker and Martin all betrayed the VTGOP Platform with their votes.
I wrote two Amendments that would have provided the VTGOP a method to withhold all financial support and endorsement from these seven people and any other Republican that doesn’t adhere to the language of the VTGOP Platform. My Amendments were voted down by a two thirds majority both times. Thereby proving the VTGOP Platform stands for nothing.
Phil Scott and Joe Benning support abortion by anyone, anywhere at any time. They support criminalizing every Parent and Health Care worker that would fight to protect their child from the State’s overreach.
Christina Nolan supports abortion thru the 2nd Trimester, she compared herself to Welch during the VPR Senatorial Debate by saying, “Welch supports abortion to the moment of Birth, I only support it thru the 2nd trimester.” What she could have said was that she would fight to protect less than 1% of all Babies aborted. Because that is the percentage of Babies aborted in the third trimester.
Neither Scott, Benning or Nolan represent Real Vermont Republicans who are Pro Life. Nor any of the five Republican Representatives that voted for Prop 5.
There are Real Vermont Republicans that are 100% Pro Life and Constitutional running for office. Gerald Malloy, Gregory Thayer, Anya Tynio, and Steven Bellows among others.
In every corner of the State people tell me they won’t support the VTGOP because it doesn’t represent them. Despite what Phil Scott says, You Are Essential. Vote for someone who will defend life, make your Parental and Constitutional Rights count. Full disclosure ; I resigned as the Chittenden County Platform Delegate and I resigned from the VTGOP, because they don’t represent my values either. And I am working with more than a few of the Real Republicans running for office this year. – Jim Sexton, Essex Junction