freedom
Veteran
- Feb 15, 2006
- 3,244
- 274
Kick out those who can't pay the mortgages. All that is being proposed now is welfare, and once the welfare payments run out, 80% of those getting assistance on their mortgages will be behind in their payments *again* and on their way to foreclosure.
All that welfare programs like this do is delay the inevitible. Take the hit on the price of your house today, and it will recover that much faster.
you are closing your eyes to the obvious ..... you see as more and more jobs are lost , more and more people will fall into this categorie ... some of them have paid their mortage for 20 years , but because of this depression will have no more means to do so ...
job losses will EASILY pass 10 % this year .... i want to remind you of the facts on the ground
the federal goverment is broke and in debt
state goverments are broke
the population is highly indebt ...
what do you think the outcome is ? the end game ? we have entered what is known as a negative econmic cycle , the more jobs that are lost the more people pull back spending , hence more jobs are lost ...
seriously , if you kick tens of millions , a hundred million americans onto the streets , do you NOT think there will be civil unrest ?
All that welfare programs like this do is delay the inevitible. Take the hit on the price of your house today, and it will recover that much faster.
you are closing your eyes to the obvious ..... you see as more and more jobs are lost , more and more people will fall into this categorie ... some of them have paid their mortage for 20 years , but because of this depression will have no more means to do so ...
job losses will EASILY pass 10 % this year .... i want to remind you of the facts on the ground
the federal goverment is broke and in debt
state goverments are broke
the population is highly indebt ...
what do you think the outcome is ? the end game ? we have entered what is known as a negative econmic cycle , the more jobs that are lost the more people pull back spending , hence more jobs are lost ...
seriously , if you kick tens of millions , a hundred million americans onto the streets , do you NOT think there will be civil unrest ?