Suppose you could get a Loan for a house, car, college from a U.S. Governemrnt Bank?

[keep_it_real]

Let's say the interest rate is 1%, 2%, 3%, whatever but you get the loan for a 200,000 dollar or more house and the interest that you pay to the U.S Government Bank is then used to run the government, to build schools, to fund defense, to build infrastructure roads, bridges, highways, a modern national rail system, etc, etc, etc - how would such a system change life in 21st century America?

And let's say big business needed a loan to build a sky scraper or build housing or someone needed a loan to start a business or whatever anyone or any corporation or business need a loan they went to the U.S Government Bank to get the loan.

[NYC_SKP]

1. It means that I could afford a home almost twice the price.

Almost.

$1,611/month will buy a $300,000 mortgage at 5%.

$1,611/month will buy a $500,703 mortgage at 1%.

Where do I sign up?

[keep_it_real]

3. And just think of all that interest on millions of loans going to fund government.

We would not have to pay taxes.

[zeemike]

2. But that would mean that the government would be competing

with private enterprise.
And as you know competition is not allowed in a free market.
Or am i just confused?

[keep_it_real]

4. Ultimately govenments banks would put private banks out of business.

[zeemike]

5. But only if they were not willing to take less profit.

There was a time in this country where a bank would have been satisfied with a 3% return on investment.

[Bigmack]

6. Keep going with this kind of thinking....

Imagine med students borrowing the money for school from the govt, and having that loan forgiven in return for service for X number of years in public health clinics.

How about a GI Bill for Peace Corps, Americorps, and a load of other public service jobs?

How about Socialism paying off for US for a change, rather than paying off the bailed-out corporations?