According to the Federal Reserve, the total outstanding Home Mortgage Debt on September 30th, 2008 was $10.571 Trillion.  See: http://www.federalreserve.gov/releases/z1/Current/z1r-4.pdf  Page 94. The U.S. Government as of this writing as committed $9 Trillion to the Financial System.  See: http://www.nytimes.com/interactive/2009/02/04/business/20090205-bailout-totals-graphic.html Just add a little more and pay off everyone’s home.  That will immediately increase consumer spending … Continue reading Home Mortgage Jubilee Numbers