{"id":551,"date":"2009-02-19T06:50:55","date_gmt":"2009-02-19T06:50:55","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=551"},"modified":"2009-02-19T06:50:55","modified_gmt":"2009-02-19T06:50:55","slug":"let_the_bailouts_begin","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=551","title":{"rendered":"Let The Bailouts Begin"},"content":{"rendered":"

Today’s New York Post<\/a> has a commentary by John Crudele concerning the coming President Obama housing industry bailout.  I have a question.  If the mortgage problems in the housing industry are what caused this recession, why didn’t we start with a housing industry bailout?  If we had given every family in America the approximately $7000 the stimulus bill is going to add to their debt, wouldn’t we have solved the mortgage program?<\/p>\n

The problem with the housing industry bailout is that there is no way it can be done in a truly fair way.  It will end up with the same topsy-turviness that has occurred in the college grant programs.  The people who have mortgaged their homes to the hilt and taken on large debt will get grants, the people who actually scrimp and save to put their children through college will get loans they have to pay back! <\/p>\n

The article reminds us:<\/p>\n

“Obama’s plan will create a fund – paid for by you and me – that will reduce the monthly payments of 4 million to 5 million so-called “responsible homeowners” to no more than 31 percent of their income. <\/em><\/p>\n

First off, who gets to decide who is “responsible”? The definition certainly shouldn’t be written by a government that has for decades proven itself to be fiscally irresponsible and is getting more so by the day.”<\/em><\/p>\n

We are not in the process of creating a healthy society.  We are rewarding irresponsibility, and Congress is setting an example of fiscal irresponsibility that is totally destructive. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Today’s New York Post has a commentary by John Crudele concerning the coming President Obama housing industry bailout.  I have a question.  If the mortgage problems in the housing industry are what caused this recession, why didn’t we start with a … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-551","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=551"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/551\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}