What would happen if, instead of bailing out financial institutions, the government bailed out all those homeowners taht are defaulting on those loans?
There's actually a couple of proposals like that out there.
One I like is for the government to buy up properties that are in default, and then rent them back to the former homeowners. No one gets put out of a house that way, but they still don't get free money for making bad decisions.
Send out a $100,000 stimulus package to each registered voter.
300-600 dollars in "stimulus" doesn't really do squat.
100 grand would ease a LOT of debts out there. Even for people who aren't in trouble, 100 grand would get put back into the economy very quickly. People would either be buying things, or investing their money.
Might drive inflation up a bit, can't say for sure. But, imagine how much money would suddenly get infused into the economy! People facing foreclosure could put it to paying down/refinancing parts of their loans, or if they were forclosed out, they'd have money to find housing.
So, if the gov't wants to refuel the economy with a "bailout", give it to the taxpayers.
I thnk it would have to be tax payers, not registered voters. I thought this too, but when I did the math, (Bailout divided by US population) it amounted to $23 each :(
Housing provided by the government reeks of socialism, which, as we know, is evil (just think of those plotting bastards in Sweden!) If the government bails out failing corporations, then there are a whole lot of CEOs that'll owe big favors to those responsible. It's not about preserving the economy, it's about ruling class greed.
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One I like is for the government to buy up properties that are in default, and then rent them back to the former homeowners. No one gets put out of a house that way, but they still don't get free money for making bad decisions.
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Send out a $100,000 stimulus package to each registered voter.
300-600 dollars in "stimulus" doesn't really do squat.
100 grand would ease a LOT of debts out there. Even for people who aren't in trouble, 100 grand would get put back into the economy very quickly. People would either be buying things, or investing their money.
Might drive inflation up a bit, can't say for sure. But, imagine how much money would suddenly get infused into the economy! People facing foreclosure could put it to paying down/refinancing parts of their loans, or if they were forclosed out, they'd have money to find housing.
So, if the gov't wants to refuel the economy with a "bailout", give it to the taxpayers.
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