In this editorial, the speaker warns that borrowing carries real financial costs and that the United States is saturated with personal debt—credit cards, mortgages, and car loans. They argue that a 50‑year fixed‑rate mortgage effectively turns homeowners into slaves to banks, because the borrower remains under the bank’s control for half a century and can be forced to repay or comply with the bank’s demands. While acknowledging that owning a home is preferable to renting, the speaker contends that extending loan terms further deepens Americans’ vulnerability. The speaker directly addresses President Trump and Scott Bessant, urging them not to approve policies that would lengthen loan terms and increase the risk of banks exploiting borrowers.
