The new “third rail” of politics. Social Security has been around for almst 100 years and is recognized as “the third rail” of politics. IOW you touch it to change it or eliminate it and you die politically. Even the stupiest consumer is not going to vote against cutting their grocery bill and the price of everything else they buy at regular retail sale…by 50%. And, for anything they decide to borrow to buy, cutting the price they’ll pay by 75%. For instance this latter case one decides to buy a $500k house and the homebuilder gives them a 50% Discount (all of which discount they get back from the central bank with the rebate aspect of the policy so they actually get their full price). Then they go to Finance and borrow $250k and then the central bank pays 50% of their monthly mortgage payment so the consumer gets a $500k house for the equivalent payment of a loan for $125k.

Voila! Affordability becomes reality…permanently! And the first political party to recognize this becomes the greatest majority coalition since The New Deal. And its all simple freshman algebra and double-entry bookkeping.

Steve Hummel 06/15/2026