Kansas Congressional Hopefuls Cautious About McCain Idea

By: AP
By: AP

TOPEKA - Congressional candidates in Kansas aren't quite sure what to make of John McCain's mortgage buyout plan. McCain told millions of viewers of this week's Presidential Debate he would urge the government to buy up bad mortgage loans and rebundle them at more affordable rates to homeowners who couldn't make their payments.

Democratic Senate challenger Jim Slattery says if such a plan were done wisely, it could benefit both home owners and taxpayers. But, he says it would be tricky to pull off.

Republican Sen. Pat Roberts says he's studying the idea.

In the 2nd District, a spokesman for Congresswoman Nancy Boyda says any idea for helping homeowners is worth considering but she's
worried about buying bad debt.

Boyda's GOP challenger, Lynn Jenkins, called the plan ``a step
in the right direction.''


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