David Wescott writes:

It’s Not a Lecture: If I were a congressional staffer…

…the bits of data I’d give the Senator tomorrow would probably include the following:

Home forclosures rose 68 percent in November from the previous November.… Because the US savings rate is so low, people have been relying on their houses as a source of wealth and equity. When adjustable rate mortgages reset, wages remained relatively stagnant, and other costs (like healthcare) continued to rise,…