Okay now this makes little sense.. Yes I understand and have sympathy for folks are are underwater with their mortgages…. But the simple notion of the feds stepping in to “fix” this problem by somehow either.forcing mortgage companies and banks to forgive the the overages, I assume the feds will make up the differences somehow right? So that puts every taxpayer on the hook for untold billions more debt? well not every taxpayer, just those that actually PAY taxes!
Mayhaps a new approach should be taken by the current administraion…. Like leave things the hell alone, quit trying to fix it! To date the only thing that has been done is spending trillions of dollars (that we don’t have) and the problems are getting worse! History has shown us that we, the American people, businesses, and entrenupers are quite resilliant and can sort things out for ourselves. Just go sit in your plush offices and dream about re-election (as if that was going to happen), but keep your damn fingers out of everything, time and REAL Americans will heal them all by themselves.
These entitlement programs are what is really killing us, if you quit taking taking from ‘us’ to give to ‘them’ nothing ever changes… When people get hungry they will find and take work. Not providing any motivation to sit on thier asses and instead encouraging them to just sit back and collect a check, foodstamps, welfare, assistance in paying a mortgage they can’t afford.
Where is the sense in any of this.