401k to pay off mortgage debt

I emailed my deadbeat congressman requesting he move on this. It just makes too much sense. Allow our 401k $$ to be used to pay down/off mortgages, saving consumers hundreds of thousands of $$ in interest, freeing up monthly $$ for investing or consumption. They need to take away the taxes and penalties so we can do this. It would:

1. Help homeowners to save themselves in this mortgage crisis.
2. Help banks to ease back all of this leverage.
3. Help the economy to bounce back with this new found liquidity.

The Dems would say, "US citizens would just borrow this $$ again, and cause another bubble, losing their retirement in the meantime". Hey. We'll meet you half way, I say. Take the $$ amount transfered from the 401k to the mortgage, and have that deducted from the property appraisal for loan purposes (have a sunset date of like 5 or 10 years - or even when they turn 59 1/2, like a regular 401k plan).

This makes way too much sense. I would transfer mine in a heartbeat.