How will more bankruptcy and more foreclosed homes help the economy recover? Of course not. It’s ridiculous public policy to let that happen. What’s far worse here is more folks losing their homes who, with some modest help, could remain as homeowners. That’s what we get from the 50-state, $25 billion deal announced yesterday: more working folks who stay in their homes, pay their taxes and remain a contributing part of the economy. My colleaguge Ken Gosselin explains this will mean $200 million for Connecticut and it will force banks and loan-servicers treat their customers.
Finally, some help for the folks who watched the Wall Street bailout. I’ll take this compromise any day of the week.
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3 Responses to Mortgage Relief: You Have A Better Plan?
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I think the full employment issue went by the wayside. Democrats used to yap about the lack of jobs for inner city youth, etc.
Then the new Democratic mantra it became “Full employment for the public sector!” and “No employment requirement for government subsidies!” and “Full employment is corporate welfare!”
Full employment addresses many problems including retraining, extended unemployment checks, economic stimulus, productivity gains, welfare queens, and would save many (but not all) mortgages.
Full employment working keeps job skills sharp. It keeps people circulating. Moving. It provides hope. It instills good habits. A sense of social respnsibility.
Ahhh….where are the old fashioned Democrats these days? Are we so out of step and out of style with today’s entitlement program Democrats?
As for some numbers, If CT created 100,000 jobs or job credits at $20,000 each it would run $2 Billion.
On a national basis it would run $166 billion (based on CT per capita population).
We are running a $1.6 trillion deficit nationally and increase CT’s bonded debt every year.
Do you think it would be obscene to increase those figures to $30,000 per job credit (equivalent to a flat $15 an hour wage)? Then its in the neighborhood of $250 billion nationally. A fraction of that $1.6 tril deficit
I can’t even begin to tell you my disgust with the Democrats and their SEBAC monstrosity with its unfunded pensions, and unfunded health care, and its faux liberalism (no SustiNet for us!) and the wholesale selling of CT’s future downstream for union votes. Can they be lined up and shot summary execution style?
As far as SustiNet goes–”One policy to heal them all”. That should have been the mantra up front. Not single payer. Single policy first and the administrative efficiencies flow from there.
The number crutching is all homosapien protoplasmic..”if the shoe fits–wear it”..
And that is just what has happened..its not so much that the money ran out..as the ethics just never arrived with the baby..
America has run out of adults and is a pool swirling with immature–excuses..
You can have 100-jobs and 2-people that are work worthy..
While the situation is a money laundering scheme–the noise level on the side of extreme–MASS-hysteria..never seems to find shape..
Its like the air stinks–and your taste BUDS–are running your nose.