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Why do I need to be 3 months behind in my mortgage. I'll take a 0 interest loan, put it into my principle and pay off both saving me probably around a hundred thousand or more in interest payments.
Again, government going for the lowest common denominator. Do it for all or do it for none.
Did you just say that there will be another extension of unemployment payments to people who won't take the jobs that are available because of the government check? It sure sounded like that.
Please explain (do you mean 1930 btw?) In fact there are cases of the Supreme Court telling FDR during the Depression he actually 'over stepped' his bounds of General Welfare clause, but other times they supported him.
1873, well that one was Europes fault, and the reactions to the crisis (or lack of) is one reason many economists say it was the "longest downturn in the US ever." Yeah, longer then the Great Depression and it cost President Grant his career because the people thought "he had no policies to help the country out." Also the rise of "protectionism" is cited as one of the main causes of the international crisis (hear that tarrff supporters?) which lead to massive debt/deflation crisis.
Oh, and things congress did to try and fix the issue (took awhile due to vetos): inflation and rail road infrastructure. Many experts say if they started fighting deflation early on and didn't get stuck in vetoes, it would have not have lasted as long as it did.
1873 was caused by the inevitable deflation following Lincoln's reckless expansion of the money supply to "teach them southern boys a lesson."
Was it a recession or a depression? How did you arrive at the definition? The article you wrote it clearly ill-written (or ill-conceived) with lack of consistency on usage of the terms.
Was it a recession or a depression? How did you arrive at the definition? The article you wrote it clearly ill-written (or ill-conceived) with lack of consistency on usage of the terms.
I've been thinking about this and wonder if it would be better to concentrate NOT on keeping people in their homes but getting people out of them. What I mean is, cut the deals or forgive some of the loans for those wanting to sell and get out from under the housing burden. I think that even with some mortgage forgiveness many people will STILL not be able to carry on long term because if they don't have a job they don't have a job...period. I'm not sure it's a good idea to forgive anything but at least this way people can out from under their housing debt and be free to relocate, plus others aren't going to feel so completely used by having their neighbor get to keep the same kind of house, and for less money, that they have and on which they have been faithfully their mortgage on. There should be no reward for those who get their loans forgiven except to no longer be trapped or owe money on something with no value.
Correction: WE the taxpayers are going to pay their mortgages
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