IT NOW APPEARS THAT THOSE WHO DON'T PAY THEIR MORTGAGE WILL BE GIVEN FEDERAL BENEFITS...IE WELFARE...AT TAXPAYER EXPENSE....
BUT THOSE SUCKERS WHO DO PAY THEIR MORTGAGE WILL JUST HAVE TO TOUGH IT OUT...
DURING THE WELFARE SCHEMES IN THE 1970'S...WE LEARNED...THAT IF YOU PAY PEOPLE NOT TO WORK...?
A LOT OF PEOPLE WILL SIMPLY NOT WORK...
THIS MORTGAGE BAILOUT IS A VARIATION ON THAT IDEA...
IF YOU PAY PEOPLE TO "GET BEHIND" ON THEIR MORTGAGE PAYMENTS...
A LOT OF PEOPLE WILL EVENTUALLY GET BEHIND ON THEIR MORTGAGES...
THE ONLY QUESTION IS WILL A LARGE NUMBER OF PEOPLE JUST QUIT PAYING AS SOON AS "THE PROGRAM" IS ANNOUNCED...?
I SUSPECT THAT MANY WILL SEE THE "BENEFITS" AND DO JUST THAT...
IN FACT I WOULD EXPECT FOX NEWS AND THE REPUBLICANS TO HAVE DETAILED DISCUSSIONS ON HOW TO SCAM THE GOVERNMENT BY DEFAULTING ON YOUR MORTGAGE.
GOVERNMENT "WELFARE PROGRAMS" FOR CORPORATIONS .... OR INDIVIDUALS AWAYS PRODUCES UNINTENDED CONSEQUENCES...
