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Letters to the Editor

Readers write about credit loans for the higher tax brackets, changes in the National Guard and Reserves, world sports capitals, and the virtue of "flip-flopping."

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'Jumbo loans' would rightly help high cost-of-living areas

In response to your Feb. 1 editorial, "A housing rescue too far": Increasing loan limits in high-cost areas does not go too far in my opinion. I understand that folks who live in a $200,000 median home price area consider a $600,000 house "upper middle class." But this is lower middle class in many high-cost areas.

Are we to tell those folks who are already paying a high percentage of their income so that they can be in the jobs they hold locally or so that their kids can remain in their schools that they don't deserve help?

Also, I would argue that expanding loan limits to higher-income areas, given that these loans are held up to Federal Housing Administration-type scrutiny, would enhance the portfolio strength of FHA, Fannie Mae, or Freddie Mac. Folks in those areas are simply less likely to be financially irresponsible.

The group defined as "struggling Americans" has broadened to include many in the middle class: A working couple in a high-cost area living in a $600,000 home is "working poor." Problem is, it's all relative.

Need for reform in Reserves, Guard

In response to the Feb. 1 article, "Modernize US Reserve and Guard, panel says": I was a full-time employee of the Air National Guard, and my total military time was 33 a half years. I want you to know that the Air National Guard has been fighting wars and putting out fires all over the world.


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