Of course not. But I'm fairly young, and therefore am interested in long-term solutions rather than band-aids.
Excessive leverage is the poison in the world economy just as it is in the individual's balance sheet (and just as it was in 1929!), I see nothing in this plan which reduces the incentive to become overleveraged.
Especially when I hear the deadly dangerous talk about "supporting housing prices" which makes as much sense as trying to reinflate Yahoo to $200 a share.
I am glad you are young enough to look at long term solutions. We need guys like you to pay the $60 trillion unfunded liability represented by SS and Medicare. SS goes belly up in 2017 and Medicare around 2013. In 1950 we had 16 workers for every retiree. We now have 3.3 workers and by 2030 it will be two to one. We are headed for a major financial train wreck without this crisis. Congress has been spending beyond its means for many years. The chickens are coming home to roost and it is people like you and my daughter who will pay the real price. Good luck.