Home Mortgage Stimulus Package
Is handing out money to already indebted taxpayers the right kind of Stimulus?
Nobody said a word about where this money comes from. We may have to borrow it from China. It is thought that this money, along with lowered interest rates, will encourage Americans to run out and buy something, and thereby jumpstart the ailing economy. There is no sign that Americans will spend this money for anything other than paying off a bill. Any help in mortgage crisis has failed millions of homeowners who have already lost their homes, which can be described as "too little", "too late". Does this stimulus package makes sense in a country that is wallowing in debt? Does it help to buy groceries next month or the months to follow? Does it help with unemployment? lack of health care, homelessness and all the other problems America Could this be described as "pouring good money after bad"? Is it a placebo designed to placate an alarmed and worried public? Will it avert recession?
I'm glad you asked. Showing You are one of a small% of people who pay attention. No, it will not really help a lot and would actually cost any more than we get. We talk about bonds. here. They have the ability to print money with nothing behind it. you are probably younger than I with living through Carter yrs. & The changes brought Regan, I can tell you that we are heading for the same typ of the economy. These discounts welfare CKS. there will be going out for a few months is a result of the fear people in Washington geting (to himself) & want to look like they are helping. you know, so they can say "see what we did to help you. Vote for us to Wil save you "While they really think. Gee, we did it again. We fooled taxpayers.we can be here during this cushy jobs so long as we want. Stagflation.that 's what coming.Riseing cost of living while your paycheck buys less and less if your lucky enough to keep your job. Get out of debt as soon as you can.We going to see some drastic changes in the next 10 years. Good luck