Re-Calibrate all current single-family mortgages in the US by reducing the principle on each loan by 20%.

Stimulate the economy by providing a blanket re-finance of all single-family mortgages in the US by reducing the current loan principle by 20%. This puts stimulus funds in the hands of consumers and will help to reduce the shocking debt burden dragging down the economy. By giving this benefit to all mortgage holders, the benefit does not discriminate against income or class and the resulting household savings can be used to pay down debt and create much needed demand in the economy. This will help to mitigate the effects of the housing bubble and provide a one time realignment of household debt obligations to reflect the current economic conditions we face as a nation.