Deadbeats To Get More Bailouts
While most Americans now believe Obama’s stimulus plan has been a disaster, there are still many Americans that believe it has been a gift from God himself…or is that redundant?
NEW YORK, July 14 (Reuters) – U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration’s thinking said on Tuesday.
Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.
Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.
As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said.
In other words, if you have paid your mortgage religiously from the start, you are an absolute idiot.
Rewarding failure is the new pink. Taking gobs of money from the responsible and handing it to the slugs and deadbeats that can’t manage their own affairs is in vogue. If I was the sceptical type, I would think that these slugs and deadbeats are the same peoples that delivered their votes to The Messiah in the last election, and will deliver their votes to The Messiah in the next one, too.
Pay their mortgages, pay their healthcare, bail them the hell out. All this *free* stuff sure is costing you a lot, isn’t it?