Don't think you give the government enough of your money? How about if they used your tax dollars to LITERALLY pay deadbeats' mortgage payments that they can't pay, while they get to pay rent? Lovely. Now ALL homes will be government housing.
U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday.
Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.
Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.
As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said.
A housing stipend?! Are you kidding me? There is NO incentive to work hard and get a job! Why, when the government is giving you other people's hard earned money for everything? Maybe they should have been smart enough not to buy a home they couldn't afford in the first place. Predatory lending measures on the part of banks you say? The Clinton Administration had some say in that...
h/t Drudge
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