Have been reading on line that Iceland has forgiven home owner debt that exceeds 110% of home value. Have also read that there is a news black out on this in the U.S.

Perhaps this is a story that should be verified and brought into the light.

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A Rising Tide Only Lifts All Boats When Everyone Has a Boat.

President John F. Kennedy once said about economic development that “a rising tide lifts all boats.” Kennedy was, of course, right, but he missed something really, really important: A rising tide lifts only lifts all boats when everyone has a boat.