Is Foreclosure Protection Fair to the Rest of Us?


The Obama Administration announced they want to spend $14 billion  for jobless homeowners to free them up from their monthly mortgage payments for up to six months, to help them rework their existing mortgages and provide some additional money, to help rework loans for the 10 million homeowners who are essentially upside down in their mortgage.

Any money the federal government spends must come from somewhere.  That ‘somewhere’ is from the taxpayers that are still working.  This would appear to be more of Obama’s desire to redistribute the wealth.

Fox News, Monday, had a panel discussion on the “fairness” of the Obama Administration program to prevent foreclosures.

See more here for transcripts: http://www.foxnews.com/story/0,2933,590061,00.html

Advertisements

About rereno

Real estate investor
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s